How to Keep Bank Account Safe?

Bank account is a basic necessity for every individual. It helps in saving our money and helping in keeping them safe. When it comes to safety the banking system provides full safety of our money. When we store our money in the bank, you will get your money back and it will get reflect in your account immediately.

Banking system often introduced latest and advanced technology to cater the growing needs of the country. Digital Banking is a new technology that offers the user with the latest and most advanced features that allows the user to use the banking system without leaving the house or office premises. This type of banking is a preferred method of banking for those who are busy in their daily routine and does not want to visit the bank branch.

Since, digital Banking uses the internet as a medium for providing the banking services. It can be the reason of breach in the security. This has to counter by using different measures that will prevent hacking into the banking account which we will discuss in this article.

SSL Certificate

SSL Stands for Socket Security Layer which provides protection from any third party breach while the two i.e. bank and the account holder are sharing a layer of communication. SSL protects this layer and prevent any interruption. It uses the encryption technology that is impossible to crack. A supercomputer would take 100s of years if it starts decrypting the SSL protected layer.

Two- Step Verification

Two-step verification is a process when a payment or any changes to the bank account is confirmed by a password followed by another step that is added to provide even more security. In digital Banking, the two-step verification is used by OTP method meaning an OTP will be sent to your mobile number.

OTP Based Payment Key

Whenever we initiate the payment transfer the very first step includes providing the password which is followed by providing the payment key via OTP sent to the mobile number registered with the bank. It prevents any false payment initiated and helps the account to secure its payments.

Source- HDFC Bank IFSC Code

Banking Services to Use in 2019 to Make the Banking Easy

Banks is an essential part of a country economy. It is the backbone and support of the country which makes it very prominent for development and growth prospects. To meet this needs the banking sector is always improving and changing in terms of security, services and creditability. The developing country like India that aims for being the Global Superpower by the year 2025 has to be very fast in adapting to new technology and new ideas that can improve the banking system.

List of Banking service Provided by the Bank

Net Banking

Net Banking or internet banking is a banking service which helps the customer to use the banking without leaving the house or home. It can be done by using the laptop or PC and an internet connection. The internet banking can be used for various task like fund transfer, Bank balance check, account statement etc.

Mobile Banking

Mobile banking is similar to the net banking in many ways the only difference being the use of mobile device instead of the pc or laptop. It is however a little limited with the usability as there are some limit imposed on the mobile banking for some banks. Different banks vendor have different mobile app services.

Savings Account

Savings Account is the traditional part of a bank and the concept of the savings bank has not yet changed in any terms. These types of account are aimed to save the hard earned money which provides the people with option to save for their needs and want. Savings account offers interest on the amount of money you deposited.

Current Account

Current Account is the account best suitable for the businesses who wants to use the banking system often without requiring much of limitation in any way that savings bank posses. Some bank does provide an interest on the amount deposit and some don’t but regardless to say this account is very beneficial if you have a business that require continuous transition requirement.

Payments Bank

Payment bank is a new concept of banking that uses a digital wallet instead of bank account for the transaction. You can transfer fund from wallet to wallet or form wallet to bank account. It is made for introducing banking system in daily activities like buying groceries etc.

Source- Bank IFSC Code

How to Transfer Funds using RTGS Online?

RTGS is a very useful way of transferring money online as well as offline. Previously offline method of RTGS was mostly used by the people. RTGS stands for Real Time Gross Settlement which stands on it abbreviation. It settles the fund transfer in the real time meaning immediately. Before transferring any funds online it is important to check your bank account balance using the Bankbalance check missed call number to ensure that the account contains sufficient fund. In this article we will provide you with different steps that you can use to make your RTGS transaction online.

Eligibility for RTGS online

The following are the Eligibility for RTGS Online-

1.          The Maximum and minimum limit for RTGS are Rs.2 Lakhs and no upper limit respectively
2.          Functional Net Banking
3.         Account holder details

Pre-requisite for RTGS online

You need to have the following details for transferring funds online-

•          Account details of the receiver

o   Account number

o   Name

o   Bank IFSC Code

1.       Net Banking Login details

2.       Internet connection

3.       PC/Laptop or Smartphone Phone

Steps for Transferring Money online using RTGS

The following are the steps that you can follow to transfer the funds online-

• Login to your net banking portal using the ID and Password
• Navigate to the Fund transfer tab
• Now click on the Add Beneficiary Tab
• Fill all the details like account number, name etc.
• After adding the beneficiary  navigate again to the fund transfer tab
• Now fill the details with the name and selecting beneficiary followed by the amount and click proceed
• An OTP will be sent to your mobile number enter that into the provided space and click ok
• Your funds are transferred using the RTGS and since, it works on the real time bases therefore the funds will be reflected on your account immediately.