6 Reasons to Use Online Banking

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With the advent of technology, every service company is using a digital platform for a global reach and to make their customers’ life comfortable; banks are no exception. Online/Net banking is a bliss for customers who are tech-savvy and don’t have time to stand in long queues at brick and mortar banks. It is a facility provided by banks to customers to enable them to use their services online. Let’s delve into an in-depth discussion to find the nuances of internet banking.

Benefits of Online Banking


Given a choice, who doesn’t like to save time and money?  Internet banking facility is that choice which banks provide to their customers so that the customers can enjoy banking services at their convenient time, from a convenient location. If you have an urgent requirement of transferring money to your close relative at 2am in the night, will you be able to walk into a bank then? Sadly, no. Instead, if you use online banking, you can send money instantly through the IMPS facility. You can also enjoy services like NEFT and RTGS for money transfer if the urgency isn’t immediate.

Monthly Statement Tracking

Earlier, when online banking wasn’t prevalent, people used to track their account activity through passbooks; and updating a passbook involved a visit to the bank. This activity is still predominant in most of the tier III cities where people are not aware of the perks of internet banking, or they just find it risky and insecure. However, customers who are accustomed to the use of internet banking can easily track the monthly, weekly and daily transactions of their accounts at any time. An SMS facility is also integrated with internet banking accounts of customers by the banks to notify them about the account activities and transactions.


Through internet banking, you can avail various specialized services such as requesting for a cheque book, balance inquiry,  fund transfer (national and international), credit card and utility bill payments, mobile/DTH recharge, tax payments, opening deposit accounts, etc. You can access any of these services on your bank’s website just through a click.

Easy to Use

Online banking is simple to comprehend and easy to use than conventional banking methods. Banks provide a welcome kit to the customers when they open a new account. The welcome kits typically include precise instructions for the users to understand the features of the facility and follow them accordingly. The kit also contains the user id and password required for logging in. As soon as you login and change the password, a whole new world of amazing facilities will be at your fingertips.


Banks ensure the safety of their customers’ accounts. They keep your valuable savings safe and secure through advanced encryption systems. Unauthorized access and malpractices are prevented. In fact, fund transfers through online banking is extremely safe.

Beneficial for the Environment

Online banking is a boon to the environment in several ways. It cuts down paper usage. It also reduces carbon footprints to some extent since the customers are not required to visit banks for availing most of the services.

In a Nutshell

Internet banking has a plethora of benefits to offer. It is a simple and cost-effective solution for the customers to avail banking at their convenience. So, what are you waiting for? If you haven’t started using it yet, get in touch with your bank and register for internet banking services right away. Happy Banking!


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