Coming Soon: Does your bank provide the best internet service?

Today, banking and financial services have undergone a sea change and internet banking or online  banking is the latest in the series of technological advancements. But do all banks provide a user-friendly internet banking service? Consumer VOICE will analyse 14 internet banking services of private banks based on parameters like Account Statement /Balance Certificate, account closure, RTGS, NEFT etc.

Private Banks Compared: HDFC Bank, Yes Bank, Axis Bank, Kotak Mahindra, ICICI Bank, Federal Bank, South Indian, Lakshmi Vilas, Bandhan Bank, Karnataka Bank, Tamilnad Mercantile, City Union, IndusInd Bank and Karur Vysya

What is Internet Banking?

Internet Banking includes any electronic payment system that allows customers of a financial institution to conduct financial transactions through the financial institution’s internet-enabled website or app.

Are online banking, internet banking and e-banking the same?

They are all the same. So, do not get confused. These are different connotations of the same computer access system for accessing the individual banks’ website for internet banking.

Is internet banking safe?

Indian standard IS: 8180 has prescribed percentage detergency as a performance test that establishes how well detergents can remove the dirt from the standard soiled fabrics.

What banking transactions could be conducted?

Through internet banking you can issue demand drafts, open fixed deposits, cumulative/recurring deposits online, transfer funds to own and third party accounts, credit beneficiary accounts using the RTGS/NEFT/IMPS feature and generate account statements.

Which banking internet services have been compared?

Banking services of HDFC Bank, Yes Bank, Axis Bank, Kotak Mahindra, ICICI Bank, Federal Bank, South Indian, Lakshmi Vilas, Bandhan Bank, Karnataka Bank, Tamilnad Mercantile, City Union, IndusInd Bank and Karur Vysya

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