Facilities and benefits of Internet and mobile banking services


Want to use banking in mobile or internet? There are numerous advantages, advantages and services of phone/ internet banking. Have a glimpse on them as mentioned herein.

Internet has made the lives of people easier. Same case is with internet banking. According to a survey report, internet banking users has been increased by 25% whereas mobile banking users are increased by 83% in past few years. This percentage is expected to increase more in near future. Let's read the benefits of mobile banking in detail.

Mobile banking


Following are the facilities which you can access on your mobile or net banking.

Pay bills online


Now you need not to stand in a queue to pay your water/ electricity or any other bill. Now you can pay bills online through internet. This will save both time and efforts. You can also online mobile recharge and satellite TV connections.

Online money transfer


Forget cheque and Demand Drafts to transfer money. To receive money transfer online, the receiver has to just register himself online. After registration, money can be transferred to any third party account. Money transferor can also add the receiver to his registered list. the transaction of transfer can be completed in a single session if he (receiver) is verified through Second Factor Authentication. For this purpose, banks demand the account number of the receiver. However, a nominal fee is prescribed by RBI for this purpose.

Stop payment on check online


To stop cheque payment online, you just need to login to the website of the bank and submit the request. You can do this by phone banking also. this service is very economical if accessed through mobile or internet, else most of the banks charge ` 50-100 to stop payment of cheque.

Online cheque book


You can also send a request online Demand Draft/ new cheque book. In this way, you can save ` 20-45 as branch charges for this purpose are approx. ` 50- 75 while most of the banks charge just ` 30 if applied through net banking/ phone banking. But you have to wait in this method as DD/ cheque book will reach at your mailing address by courier after 1-2 days.

Apply loan online


You can also apply loan online. Some banks provide you the service of online chat on demand with customer care executive. In this way, you can know about various details, terms and conditions of loan.

Online credit card


You can check credit card balance details on your mobile or laptop. You can also check last payment details and payment due date online.

Other services


Many other miscellaneous services are also provided only, you can demand help of online personal finance if you find yourself unable to do money management accurately. You can also manage your credit card, Demat Account, loans, etc. You can also make payment for online shopping or book a ticket.

Warning:
Undoubtedly, phone banking or internet banking is very economical, easier and convenient mode to manage bank transactions. But it is risky too. But you can save yourself from any online cyber fraud if you follow certain instructions for this purpose. (These instructions will be published on investmentpaths.com soon. Register on investmentpaths.com to know more about investments.


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