what is the best way to do online banking?
Those using online/net banking must follow certain precautions. It is mandatory to follow these to avoid getting scammed. See that.
Gone are the days of standing in queues to do banking transactions. Many people are now transacting through Online/Net Banking. All banking services are done online. Internet banking is used for many things from payments to online shopping. Technology has made banking easier. But those who use online banking sometimes get cheated. There is a risk of losing money to cyber criminals. However, online banking can be used safely by following some precautions. Risk of fraud can be avoided.
Password should be changed
Online banking account password should be changed regularly to avoid getting hacked. Password should be changed at least once in two or three months. Also, the password should be complex. The password should be at least 8 characters including upper-case, lower-case letters, numbers and special characters. Do not share Net Banking password details with anyone.
Not on public computers
Under no circumstances should Net Banking be used on public computers. By doing this there is a risk of hackers stealing your information. There are options to fund the account using your banking information. So do not use net banking on public computers under any circumstances. To be used on personal devices only.
Verified apps, websites.
Always use secure and verified apps/websites for online transactions. Using an unverified app or website for online banking increases the risk of fraud.
No public Wi-Fi
A secure internet connection is also very important for using net banking. Under no circumstances should you log into online banking while connected to public Wi-Fi. Also don’t use unsecured Wi-Fi. You need to connect to your personal home Wi-Fi network. Otherwise, mobile data should be used.
Don’t fall into the phishing trap
Be very careful of phishing mails, calls and messages asking for your banking details claiming to win prizes. Do not give any banking information. Also, do not give any information to those who ask for OTP and other details as if they are calling from the bank. If you do, cybercriminals can empty your bank account with those details. Also don’t click on suspicious links.
Secure your computers
It is a good idea to use popular anti-virus software on the computer you use for internet banking. This anti-virus software’s should be updated regularly. By these you can escape from cyber-attacks. Your information will not be leaked.
Be careful while using debit and credit cards
Don’t believe the mails and SMS that you get to register with a debit or credit card saying that you will get travel benefits, or that you have won gifts. Under no circumstances should the card details be entered. Also don’t give card details to strangers through text, mails and calls.