Technology is a noteworthy tool that has brought ease of transaction in the 21st century, especially in the domain of online banking where we don’t have to stand in the long queues of the banks to discharge financial transactions.
However, with the bone comes the bane in the form of cybercrimes/online frauds to which million of people have fallen pray to and have lost hefty amounts online. In the wake of safe banking, it is important to take precautionary steps when dealing with the financial transactions online, be it through your mobile or the official website.
In this article, you will find out some easy to manage financial tips and tricks that will save you from being tricked with your hard-earned money:-
Dos of Online Banking
Kindly take note of the tips mentioned below to be wary of the hackers, and other such malpractices being carried out online to carry our banking wisely:-
Only Use Official Banking Apps - It is advisable that customers double check that they are operation transactions safely only through the official website of the bank in which they hold their account. There are bank encrypted website which carry authorised Hypertext Transfer Protocol Secure (https) which indicates it is a secure website to carry forward your transactions.
Use antivirus software - Install an anti-virus in your laptop/desktop to ensure that there is no trojen, virus, or malware that can hamper your operations online. Scan your emails for any possibility of virus.
Change your internet banking password regularly - To ensure that no one has any access to your bank account, it is advaisable to change the banking password frequently. Change your banking password every 3 months at least.
Always check the last log-in date and time - This is a crucial parameter that will give you a fair idea about the privacy of your bank account. Keep note of your last log-in date and time so that you get alert when there is a discrepancy in the log-in date and time of your personal banking account.
Always Log Out - Never turn off your browser without logging of from your bank account. Always press the log out button after you have completed the banking transaction so that no hacker can ever get access to your account.
Don'ts of Online Banking
Customers are advised to avoid following the common mistakes that can cost them fortune with the online banking system:-
- Avoid clicking mails and messages that you receive through the third party in your email or on your phone.
- Kindly avoid downloading any unwanted apps which do not carry a trusted source. This could be a trap to get access to you online financial resources.
- Do not get lured to the e-mail/SMS/phone call that guarantees you reward for providing your personal information of your personal bank account.
- Do not carry out personal banking transaction when online through public WiFi, free WiFi, or at cyber cafes.
- Disable auto-fill and do not select the ‘REMEMBER PASSWORD’ option.
Even after following the safe online banking tips that have been shared for your safety, if you are trapped by fraudulent practices, then file a report at National Cyber Crime Reporting Portal cybercrime.gov.in or with the local police.