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