NetBanking: 5 Ways to Make it More Advantageous

Posted by John Judge on September 30th, 2021

Register for NetBanking facilities through your bank’s website and mobile application to enjoy its conveniences. Managing your bank account and other financial processes would become easier than ever. Keep reading to know some of the amazing benefits of NetBanking and how to make the most of it.

NetBanking is the new way of banking conveniently. It is referred to as ‘InterNetBanking’ through which one can connect to the bank’s website and avail banking services through a smartphone or a computer. 

NetBanking has changed the ways of traditional banking. It eliminates visiting a bank’s branch for mundane things like getting an account’s transaction statement. Read ahead to know how NetBanking can be even more advantageous -  

1. Money Management

You can manage your money easily through NetBanking. If a hefty amount is lying idle in your Savings Account, then you can park those funds quickly in a Fixed Deposit plan. Most banks offer Demat Accounts for stock trading, buying/selling of equities, a mutual fund, SIP, and other investments.

2. Auto Payment

Payments of utility bills, loan instalments, Credit Card bills, taxes and insurance premiums can be set on auto-payment mode. Make the necessary setting through your NetBanking application, and these payments will get automatically debited from your account. You will get liberated from remembering the due dates, facing late-payment penalties, writing cheques and depositing them after standing in long queues. NetBanking will enable you to schedule your payments timely, on the specified date without fail.

3. Video Banking

Video Banking is a branch of NetBanking that adds to its benefits. High-value transactions, opening a new account, applying for loans, etc., can be done via Video Banking. Thus, no need to visit the bank branch. Video conferencing with your bank\'s manager will bring in flexibility, convenience and a personalized experience. This will be more reliable and assuring than a phone call when important financial transactions are involved. Video Banking is also helpful in resolving NetBanking or mobile banking issues, as problems can be explained by sharing the screen with the bank executive. Thus, Video Banking multiplies the existing benefits of NetBanking.

4. Management of Cards and Transaction

Enabling/disabling Credit or Debit Cards can be done with NetBanking. You can even get a new card issued, report theft, apply for a card loan or request an increase in your credit limit. Transactions like issuing demand drafts, applying for a loan, opening a recurring or a Fixed Deposit can be easily done by a bank’s mobile application. With NetBanking, you can check your account statement any time and get it mailed to yourself or take its printout.

5. E-Shopping

E-shopping is another advantage of NetBanking that has taken customer’s convenience to a higher level. Pay conveniently and securely for online shopping of merchandise, services and even booking of cinema or travel tickets. You need to register your Debit/Credit Card with the bank’s NetBanking portal and shop as much as you want. You save your time, effort and energy to enjoy the flexibility. In case of returning the purchased goods, the refund will go straight into your registered bank account.

Take control of your money matters with the help of NetBanking. Adorn this new-age banking to find easy solutions digitally.