How to Register Net Banking on Online | Net banking Registration
Register Net Banking on Online
What is meant by Net Banking?
Net banking is the online facility by which we can perform transactions from any part of the world. One can transfer money to other accounts, view balances, add beneficiary, order draft, order a cheque book, pay income tax, get TDS certificate, invest in Mutual Funds etc. Most of the banks offer net banking for free of cost.
Why use Net Banking?
- Manage your account conveniently through the Internet.
- 200+ transactionsavailable on Net Banking.
- Up-to-the-second details of your account.
- Access anytime, from anywhere.
- No queues to stand in, or turns to wait for.
Registeration Process for Net Banking Online.
Any bank doesn’t charge for internet banking. But yes some bank such as SBI charge Rs 1 for password reset if your number of wrong password exceeded the set criteria which is 3 for maximum banks.
- To register for internet banking there are different process for different banks. For example if you want to register in internet banking some banks will ask for customer number which is given in ATM (for KOTAK MAHINDRA) or Passbook (for SBI) or cheque book (for IDBI) or may be any booklet that is given to you when you open an account or you apply for internet banking. Generally you don’t have to apply for internet banking now a days. Banks automatically allow you the facility of internet banking. But the main thing is that your account should be linked with a mobile number and that number should be active and with you i.e. you should be able to access to that number. You will have to change the option the mobile number from ATM in case of bank such as ICICI or HDFC. Many private banks provide this facility of changing the mobile number from ATM, SBI do not allow this.
- Now as you register for internet banking it will ask you for few credentials such as your DEBIT or CREDIT CARD details, ATM details, your customer number or USERNAME if already given by bank (in case of SBI) and your registered mobile number. The details needed vary from bank to bank. As soon as you proceed it will ask for a password that will be reset after first successful login.
- Now some bank allow two types of password one is LOGIN password and the other is TRANSACTION password but some banks have only one password. Login password is used to make login in account, check details of your account, buy through online sites, railway ticket booking etc. and transaction password is used when you want to transfer money through IMPS or NEFT or RTGS as you have to add the beneficiary details and to add them you need to give the TRANSACTION password. Also to edit any details in beneficiary you need to have the transaction password and every time you enter your transaction password you will receive a message that you have used your transaction password.
Keep changing your both password in every 6 months equivalent to 180 days as recommended by RBI or you may have to reset it. SO better change it.
The above mentioned process is used for Net Banking Registeration.