How can I use net banking? We’ve got you covered
When internet banking was first introduced in the 1990s, most people steered clear of it. Some found it complicated, and others assumed it to be a risky mode of conducting banking transactions. However, internet banking has become incredibly common today. Account holders have embraced its many benefits, including the reduced dependence on brick-and-mortar bank branches. As an account holder, you too can enjoy its convenience and learn how to operate net banking. Here’s an introductory guide.
Let us first learn how to activate net banking. Here are the steps.
Net Banking allows you to transfer funds between bank accounts without visiting the bank. Using transfer systems like NEFT, RTGS and IMPS, you can transfer funds from one bank account to another bank between the same or different banks. Here are the steps.
Besides knowing how to operate net banking for fund transfers, you can use it for other banking transactions like downloading account statements. Just click on ‘Account Statements’ on the net banking portal along with the timeframe of the transactions to download the statement.
The steps for how to use net banking for bill payments are as under.
You can also set up timely loan EMI repayments by following the steps mentioned above. By setting up standing instructions, you can repay your home loans, personal loans, car loans, etc.
Knowing how to use net banking also proves beneficial while requesting cheque books and applying for new or add on debit cards and credit cards. This way, you can conduct these basic transactions without visiting the bank.
With internet banking, you can perform most banking activities online without physically visiting the branch. Time-saving and speed are the most apparent benefits of net banking, leading more people to embrace the internet.
Download DBS Bank app today to experience the benefits of digital savings account.
*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.