Keep these six points in mind for safety of your online bank accounts
With growing digital transactions like online payments, e-wallets, netbanking, credit and debit cards online, etc, the need to keep your digital accounts safe is also growing.
As per the Reserve Bank of India data, the digital transactions in the month of April stood at Rs 10,960.22 crore as against Rs 14958.91 crore in March and Rs 10,405.53 crore in December.
The digital transactions swinging up and down from past six months or since the announcement of demonetisation in the month of November.
But, with the rising digital transactions comes the threat which people often get trapped into.
Speaking with Zeebiz, Adhil Shetty, CEO & Co-founder Bankbazaar.com, explained six important things every person needs to keep in mind while making digital payments:
1. Be cautious with public WiFi networks: Make sure to connect to the right network. Hackers often setup WiFi networks with similar sounding SSIDs to lead people into believe there are two legitimate networks. Connecting to such fraudulent networks can lead to a breach of data. Moreover, it is always safer to avoid WiFi networks that are not password protected, especially if you are going to transact financially over the network.
2. Don’t save your card details online: Make sure that you do not disclose your card or accounts details to unauthorized sites or save them on any website. Your financial information can be compromised if these accounts are hacked.
3. Use OTP during transactions: Request for an OTP (one-time password) during an online transaction. This will prompt the bank to send a six-digit number through a text message on your registered mobile number, which is generated and valid only for one transaction. This is a much safer option that the password, especially on public WiFi.
4. Double check before making the payment: Reversing a wrong transaction can be quite a hassle, so it is better to ensure that you have filled in the right details.
5. Maintain Transaction Records: Save the receipts of every transaction as proof of payment.
6. Transact only over secure webpages: As a rule, opt for https over http sites.