Net Banking is one facility provided by banks that has definitely accelerated the process of financial as well as non-financial transactions. The individuals who have opted for net banking get access to their bank details as well as can execute various banking procedure through the bank's online platform. However, those who are not yet on the net banking platform of their respective bank can opt for net banking option only if they are a debit card holder with the said bank.
The requirement of debit card details to register to net banking was made mandatory for the sole purpose of security and to curb false transactions. The debit card grid authentication ensures complete safety when it comes to the transaction activity of the user. Moreover, the activation of the net banking account can be done without visiting the bank branch by entering their debit card details. The users who do not have debit card/ATM card details, have to visit their bank branch to complete the process of registration for net banking.
When it comes to non-resident Indians or NRIs, the debit card method proves to be a boon to get access to their bank details and make transactions with the help of the net banking platform, without the need of visiting their bank branch.
A first time registration by an individual will require him or her to visit the bank's official website and click on the link that will lead them to the registration procedure. The user needs to fill in the details asked by the net banking platform of the respective bank, which includes account number, CIF number, a five digit branch code, country, registered mobile number, facility required, and captcha code. The user can then proceed by putting their debit or ATM card details, generate an OTP and the further enter the user name and password through which they can access their net banking account later.
Nowadays, banks provide their customers with net banking user name and password that comes along with the debit card kit that is delivered to the said individual. In conclusion, the user needs to enter the debit card details to register to net banking only once. Thereafter the user needs only his or her user id and password to use net banking
