Cashless India, Digital India is what we all believe in today and are happily accepting this change which is making life easy and comfortable.
But as we all know that every change brings with it some downsides and with this digitization, there are also some pros and cons.
Internet security and banking security is more important nowadays. Let me share some key facts which will help you in making your account safer.
What is Computer Security?
Let us first understand what exactly is computer security and its real importance in today’s lifestyle.
Computer security is not only about how to save your data and information but also saving your hard earned money.
Now in digital India, we all have credit cards, debit cards and even use banking on e-commerce sites for payments and shopping.
Secured banking:
Pros:
There are many benefits of online banking and it is making life easy. Listing few benefits:
- Easy to make bill payments, EMI payments without standing in long queues and just with one click. You can set up an automatic bill payment.
- You can even see your all bank details anytime and all transactions made by you to any service provider and check that any payment you did is reflecting in your account or not.
- We all transfer money to our loved ones from our account to theirs and with online banking this transaction is made much easier.
- This has also given a boost to mobile banking. Many apps are available which will help you to keep track of your account on your smartphone while doing transactions every time and anytime.
- Now apps are available where you can set up your upper limit for anything like for shopping; if you exceed your limit it will warn you. In this way, it will help you to keep an eye on your transactions and maintain your monthly budget.
Cons:
- Safety: All websites are not 100% safe for transactions and there are hackers who can hack into your account and gain access to your business’s or private financial information
- Site Disruption: A technical glitch could cause the bank’s website to go offline for a period, possibly resulting in problems for you and your business.
Precautions for Secured banking:
- Never share your password, CVV or OTP with anyone.
- Be alert to fraud calls mentioning calls from a bank and asking bank details.
- If ever you make transactions from cyber cafes make sure to log off properly from the system.
- Always use trusted updated security software.
- Always make transactions from secure, verified and popular sites.
- Do protect your password and keep changing the password frequently.
- Avoid autosaving your password on sites.
These are few tips to be safe online. Let’s all be safe with #SBIComputerSecurityDay.
#WigglingBirthday
A very helpful blog post on the pros and cons of internet banking. Because online banks don’t have to spend money on branch maintenance, they tend to have lower or no fees and higher interest rates on deposit accounts which sounds really good and beneficial. The best part about online banking as compared to traditional old style waiting in queue types is that we can access to our bank accounts wherever there is internet connection on computer or mobile phones and around the clock with notifications and alerts popping up. Online banks with up to standard security measures are just as safe as traditional banks. Plus we are also offered with better customer service and after transactions.
#WigglingBirthday There are various benefits.. Some most important of them are, ?
Easy to make bill payments, EMI payments without standing in long queues and just with one click. You can set up an automatic bill payment. Moreover, We all transfer money to our loved ones from our account to theirs and with online banking this transaction is made much easier.
DIGITAL INDIA?
PROGRESS INDIA ?
LOVE YOU INDIA ????
#WigglingBirthday There are various benefits.. Some most important of them are.;.
Easy to make bill payments, EMI payments without standing in long queues and just with one click. You can set up an automatic bill payment. Moreover, We all transfer money to our loved ones from our account to theirs and with online banking this transaction is made much easier.
In this Digital world I love the most
transfer money to our loved ones from our account to theirs …… #WigglingBirthday ???????
#Wigglingbirthday
The benefits I like the most about online banking are easy bill payments and online money transfer through mobile banking and all the database work I can do without standing a queue while sitting at home. And of course, I can forget about online shopping where I can enjoy the cash on delivery too. This is a wonderful post about online banking.
Dear Ruchi,
Wow…what a narration about pros and cons of internet banking..
You explained in detail abt internet banking…so anyone can easily understand about internet banking..
Yes…nowadays banking is more easy compared to older one …one cannot wait in a long queue in sweating….
Yes we can transfer money to anyone at a second through net banking…not only that any transaction, bill payment, fee payment, money transfer, checking account summary and so…these are the things I liked most about internet banking …
But one should kept in mind about the cons too…
Internet banking is a boon if we used it in a secure way….
Lovely putting…
Thanks
May your pen wiggles more too…
#WigglingBirthday
#WigglingBirthday
#WigglingBirthday
First of all, “Wishing you a day filled with happiness and a year filled with joy. Happy birthday!” #WigglingBirthday
A3) There are many benefits of online banking and it is making life easy. But i like this benefit most that we can now easy to make bill payments, EMI payments without standing in long queues and just with one click. I can set up an automatic bill payment.
I can even see my all bank details anytime and all transactions made by me to any service provider and check that any payment i did is reflecting in your account or not.
I also like this benefit that I can transfer money to my loved ones from my account to theirs and with online banking this transaction is made much easier. #WigglingBirthday
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Done team, done all steps here….
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#WigglingBirthday
Thankyou for awesome guidance ..
In this blog regarding security and types of banking..
The Best one I like on online banking is cash back offers.. lol ?
And many more like transferring money , shopping According to need.. time is not barrier..
And many more
Ans3. My best benefit of online banking is to transfer money to my loved ones from my account to theirs and with online banking this transaction is made much easier.
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The month of May is always special to me. It is a month of preparations. Because June is the month when two pure souls got into one knot and become Beautiful eternal pair. June is the month when my mom-dad tied in one knot. This day I want to gift them something which make their memory memorable. And instax camera is the best way to give them some privacy. It is very easy to operate. They can capture their moments as per their choice in just one click. ??
(Jyoti Josie)
#WigglingBirthday
There are many benefits of online banking and it is making life easy.
Benefits of online banking I like most :-
Easy to make bill payments, EMI payments without standing in long queues and just with one click. You can set up an automatic bill payment.
Track My Bank account on my smartphone by anywhere anytime .
A ery well written and helpful article! Today we are all using internet banking, but yes, we do have some fear as almost every day one hears about some breach and fraud! These tips will surely help us to be safe and safeguard our accounts.
Yes we should switch to digital transactions but all the websites and browsers are not safe. But little attention can help us solve this issue.
Wow this was really informative and interesting to read. I make online transactions all the time, perhaps I should be more careful.
A very informative & useful post. If we take a little care, it will be easy for us to switch to digital transaction.
Nice tips , I avoid using cyber cafe and changing passwords is a good idea.
This is a very helpful post. Technology has made money transfer super easy, It has made our life easy and simple. Now no more standing in a queue and filling the checkbook to deal with money transfer.
I always have this unknown fear of using banks on phone and laptop, I don’t feel secure in using them, with your tricks I can be sure now. Thankz
Thank you so very much for posting this helpful post . This such an informative post . Banking is always a topic where I feel confused
Thanks for sharing the security tips and the cons! I’ll keep them in mind! 🙂
This helps Ruchi. Pro and cons laid out right for online banking
Agreed! All online transactions are not safe so should stick with the trusted one.
Thanks for the great insights on Internet banking.. A real eye opener indeed.. Will share this with family and friends..
Today we all used netbanking online transaction it is very e easy to make payment but yeah we have to take care of its security as well. Great tips shared
Security is one of the main concerns while using net banking. Thanks for this informative post.
Such a nice article…very well said that no internet transfers are 100 % safe….we should always be vigilant while using internt bnking or digital bnking
Computer security is very impirtant .I trust SBI too since a long time.Very useful tips
These are such great security tips to avoid loss of any kind. In today’s time where ppl find a way out to break any kind of security, its imp. to be vigilant.
Wow! Thank you for this comprehensive post. I am not too bank savvy so this is definitely going to help.
SBI truly has evolved over the years matching pace with new online systems and then safeguarding it. Kudos.
This is a very valid list buddy and left me a little more enriched, you have explained it so well
Technology has pros and cons too, one must be always be vigilant and careful while performing any online transactions.
A very important post, given how fast we are moving towards digital. It is very important to be safe and secure at the same time.
You have mentioned the pros and cons so well for internet banking. I prefer SBI only for secure.
Agree. With digitalization and de monetization more people are coming forward to try online banking and sharing such tips would is really helpful
Banking security is so important. Because we do so much of internet banking these days. Good to know SBI is doing its bit
These are the things that make our life more easy and simple. Money transfer becomes more easy and now one can send money instantly.
This is quite an insightful post on net banking.. the pros and cons. If one takes care of the security issues then, this is the best move ever in the banking industry. Saves time and money.
Digital payments and online payments have really transformed lives. But along with convenience the risk of transactions being secure is always there, one needs to be really careful when transacting and security must.
Awareness about cyber security is much needed. With pros and cons about net banking a little mistake drain the bank balance
Digital payment has really helped many people. You have noted all the important pointers in your post.
Life has truly be one more simpler with online banking but when it comes to security, we need to be a pro at all steps.
Online banking is a boon.. I pay my college fees, do online shopping and everything using sbi net banking … It’s easy and I feel it’s safe… Really good post!
I’m not at all savy when it comes to banking and finances and investments. I’m still to learn a lot of things. Thank you for your post!
You know this is a very helpful post with great tips. I am revisiting to share these with my family.
SBI is the most trusted bank and thanks or sharing all the details here. When we do net banking we should check the security once but for SBI we can trust it always.
online banking has made our lives so easy. From bill payments to online money transfer through mobile banking…everything is so convenient now.