What type of account transactions can I perform using Internet banking?
Curious about Internet banking
Using Internet banking, you can perform a wide range of account transactions, including:
1. Balance Inquiry: Check the balances of your savings accounts, current accounts, credit cards, loans, and other linked accounts.
2. Fund Transfers: Transfer money between your own accounts, make payments to other bank accounts within the same bank or to accounts in different banks, and set up recurring transfers.
3. Bill Payments: Pay bills for utilities (electricity, water, gas), mobile phone services, internet services, insurance premiums, credit card bills, and other recurring payments.
4. Account Statements: View and download account statements for a specific period, which provide details of transactions, interest earned, fees charged, and other accountrelated information.
5. Fixed Deposits: Open and manage fixed deposit accounts, including viewing maturity dates, interest rates, and the option to renew or close the deposits.
6. Request Chequebook: Place requests for new chequebooks or request stop payment on a cheque.
7. Account Management: Update personal information like address, contact details, email ID, and preferences for communication. You can also link or delink accounts, update nomination details, and manage standing instructions.
8. Credit Card Management: Check credit card transactions, pay credit card bills, redeem reward points, and update contact information.
9. Loan Management: View loan details, outstanding balances, repayment schedules, and make loan payments.
10. Investments: Access and manage your investment accounts, including mutual funds, stocks, bonds, and other securities. You may be able to buy or sell investments, view portfolio performance, and track market trends.
11. Request Services: Request services like demand drafts, new debit or credit cards, stop payment requests, account closure, or account opening.
12. Estatements: Opt for estatements instead of paper statements, which reduces paper usage and provides convenient access to your transaction history.
It's important to note that the availability of specific transaction types may vary depending on the bank and the type of account you hold. Additionally, some transactions may require additional authentication or have specific limits and restrictions set by the bank for security purposes.