It’s Time To Make Your Banking Relationship Internet Official

Do you remember the last time you checked the newspapers for movie timings or the last time you went to the store to pay your cell phone bill? Yeah, we don’t either. Because we’ve adjusted to using the internet to complete these routine tasks, saving us a ton of time.

So why not extend this to personal banking too? 



NetBanking has been around for years, and we have all the information required to start using it, thanks to the envelope labeled ‘NETBANKING KIT’ given to you by your bank when you opened your account. To access NetBanking facilities, you will need to use the login information provided in the kit, create a password, and you’re good to go.

But in case, like many of us, you put aside that envelope and went straight for your shiny new Visa Card once you opened your account,  you can get the details by making a quick visit to your branch. 


There’s a bunch of banking stuff you can do from the comfort of your home or office via NetBanking.

1. Apply to open a new bank account

2. Manage fixed and recurring deposits with your bank

3. Transfer money using NEFT, RTGS and IMPS services

TERMS TO REMEMBERTo do this, you need to have the bank account number and IFS code of the person you’re transferring the money to. 

An IFS Code relates to an individual bank branch – if you know the branch in which the transferee has an account, the IFS Code can be found though a simple Google search.

If the person you are transferring to has an account with a bank different from yours (a.k.a. a third-party transfer), you need to ‘Add a Beneficiary’ on the NetBanking app/website, and verify the transaction via an OTP. The activation of the beneficiary will take between 30 minutes to 24 hours (depending on the bank), after which you can transfer funds.


3. Some banks also offer facilities for Income Tax Return Filings. You can also view your Tax Credit Statements through NetBanking.

4. Additionally, NetBanking gives you access to miscellaneous services like changing your ATM Pin, nominating  a secondary account holder, obtaining your bank statements, applying for IPOs and Mutual Funds, as well as full-fledged demat facilities.

5. One of the best features about NetBanking is that it gives you regular updates about all the activity that is going on with your account like debits, credits, transfer confirmations and current balance.


Before demonetization, many women preferred to keep their savings (that had been painstakingly accumulated over the years) at home in cash because so many women find banking to be confusing and ‘not-for-them’. Once demonetisation was announced, all these savings became useless, a situation which could have been avoided if these women had been encouraged to use banking services. 

11Understanding and using NetBanking could help women develop confidence and become familiar with essential banking operations. NetBanking is simple, efficient, and takes away some of the bewilderment and intimidation associated with face – to – face banking. What’s more, you can do it in your pyjamas!

If you have any further questions about NetBanking, comment below and we’ll try and help you out.


Any questions for Eesha, comment and let us know.Managed by MissManage Editorial

Written by Eesha 

Eesha is currently pursuing Chartered Accountancy. When she isn’t working or studying, she enjoys music, literature, and writing. You can find some of her writing on her blog.


11 thoughts on “It’s Time To Make Your Banking Relationship Internet Official

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