How to do Online Banking safely?

Author : Arjit chalmela | Published On : 25 Jan 2024

The way we manage our funds has changed drastically over the years. The online world has played a significant role in changing our banking habits. Its convenient operation and 24*7 availability have brought many positive changes. We use online payment apps in India for almost all the transactions and accessing our deposits. It has brought banks into our pockets and all the information to our fingertips.

It allows you to make payments more easily, but it has also made it easier for hackers to steal information. Banks have advanced security in place for protecting your data, and letting your guard down is not an option. So, use these security tips and take precautions:

Do not save login details

Many of us are so used to the convenience that we often want everything to work instantly. This may tempt you to keep your login information saved on these apps. However, this makes your data vulnerable and easy to steal through cross-site scripting and session hacking. Hence, make it a practice to log out each time you are done with transactions.

Create strong passcodes

Another factor influenced by the need for comfort is the usage of simple passwords. These are not only easy to guess but also for the hackers. Hence, creating a complicated code involving symbols, numbers, and letters is the best method. Also, avoid anything related to you personally, like birthdate, nicknames, etc. Regularly change them for enhanced security.

Monitor Bank Accounts frequently

It is an excellent practice to stay updated with banking trends. Check where your funds go, especially when you do excess fund transfers. You can do so by checking the balance, looking at the transaction history, and downloading account statements. This lets you keep a tab on the debit and credits from the account and detect any suspicious activity. You can take immediate action accordingly.

Be private

You may have got the advice of not revealing your identification code to anyone. It has many layers to it. Anything to do with your Bank Card or credentials is vulnerable unless you take adequate steps. Avoid using public servers and entering your banking information on unauthorised portals. Both are not secure.

Activate security features

Many banks provide an extra advantage you can use for completing transactions including UPI payment online. This is the one-time passwords that are valid only for a few minutes. You have a fingerprint feature when you use a mobile wallet for secure payment. It ensures the prospective stealer does not access your account from anywhere.