Is is safe to bank on Internet ?  

well nothing is safe on the internet if you are targeted it is much easier on the internet make sure that you are firewalled and protected against virus and trojans!!

Answered by ani , an ibibo Advisor, at 9:54 PM on February 07, 2008

Hey Gopal , there is nothing full proof in this techie age, when you start your internet banking of any Bank , you have to take precaution because now days prising may land you in the trouble so ensure before login in the net A/C that transaction is going through https or not if not , my advice is don't login at the moment.

Answered by satyaiitk , an ibibo Master, at 10:26 PM on February 07, 2008

well it is safe but it depends on who you use it .

Answered by quadeer , an ibibo Specialist, at 10:45 PM on February 07, 2008

Yes Internet banking is safe but you should not do Internet banking on a shared computer. You should do internet banking from your personal computer and use antivirus/antispyware/firewall to prevent any type of Hacking. You can use McAfee Security Suite or ZoneAlarm Internet Security Suite. These both are best.

Hope it helps you !!!

Answered by Bishan Preet , an ibibo Specialist, at 11:16 PM on February 07, 2008

It is safe but when you are using it check the following :
1. Do not use any link from E-mail or site. Type the name of your correctly and check whether Internet security lock is closed.
2. In net banking if possible use virtual keyboard for typing the password and most netbanking has this support.
3. Do not allow anybody to see the password or know it.
4. Try not to use shared or public computers and definitely log out after transactions and remove from history.

Answered by kanchan , an ibibo Advisor, at 12:54 AM on February 08, 2008

Yes
ICICI Bank Introduces Top Safe Banking Tips over the Internet


Increase in the number of points of financial transactions has not only given the customers greater accessibility to financial products and offerings but has also him more vulnerable to different kinds of frauds. These frauds could be related to theft and misuse of Savings Bank account, Credit and Debit Card and Internet Banking user ID and passwords. Phishing has added yet another element to the already existing basket of threats that customers are vulnerable to. "Phishing”, involves internet fraudsters who send e-mail messages to lure personal information (Internet Banking User id, passwords, credit / debit card numbers, bank account information, or other personal and sensitive information) from unsuspecting victims. Clicking on the link or even pasting it in the address bar of your browser exposes the customer to such frauds.

ICICI Bank, being the second largest bank in the country and a pioneer in developing alternate channels to enhance customer convenience, has taken the initiative to educate all financial customers on ways to protect themselves from different kinds of frauds and to make their financial relationships simple and secure. This initiative has manifested in the form of the 'Safe Banking' campaign that has been running across media- Print, TV, Online, and Outdoor- for the last three months now. ICICI Bank also sends out these 'Safe Banking' tips to its customers through their monthly and quarterly Account and Credit Cards statements. Customers who regularly use Internet Banking can also see these tips on the homepage of ICICI Bank.

Some of the 'Safe Banking' tips by ICICI Bank are as follows-

Protect yourself from Phishing.

· Never reply to e-mails asking for your password or PIN.

· Visit banks' websites by typing the URL into the address bar.

· Verify the domain name displayed to avoid spoof websites before using Internet Banking.

· Never give away your account or card details for free gifts.

Protect your Money.

· Check that the site is secure before shopping online.

Protect your Internet password.

· Never use unprotected PCs at cyber cafes for Internet banking.

· Never leave the PC unattended when using Internet banking in a public place.

·'Log off' and close your browser when you've finished using Internet banking.

·Never install, run or use programs or files obtained from unknown sources.

Protect your PIN.

· Never let a stranger assist you at the ATM.

Protect your Money

· Count the money and put it in your wallet before leaving the ATM.

Protect your Money.

Report lost or stolen credit card immediately.

Check your monthly credit card and bank statements for unusual activity.

Protect your Savings.

· Never keep your PIN and cards together.

· Always draw a line through unused space on the cheque.

· Never leave your cheque book unattended.

· Never sign blank cheques.

· Remember to cross your cheque whenever applicable.

Count the number of cheque leaves whenever you receive a new cheque book.

Answered by Deepak , an ibibo Master, at 4:32 AM on February 08, 2008

It is safe Gopal as long as u take extra measures for it.


Some of the tips are :
1) Confirm that an online bank is legitimate and that your deposits are insured
2) Keep your personal information private and secure
3) Understand your rights as a consumer
4) Learn where to go for more assistance from banking regulators

Some other major security concerns are :

1) Confirm that an Online Bank Is Legitimate and that Your Deposits Are Insured

Whether you are selecting a traditional bank or an online bank that has no physical offices, it’s wise to make sure that it is legitimate and that your deposits are federally insured. Here are tips specifically designed for consumers considering banking over the Internet.

2) Read key information about the bank posted on its Web site.

Most bank Web sites have an "About Us" section or something similar that describes the institution. You may find a brief history of the bank, the official name and address of the bank’s headquarters, and information about its insurance coverage from the FDIC.

3) Protect yourself from fraudulent Web sites.

For example, watch out for copycat Web sites that deliberately use a name or Web address very similar to, but not the same as, that of a real financial institution. The intent is to lure you into clicking onto their Web site and giving your personal information, such as your account number and password. Always check to see that you have typed the correct Web site address for your bank before conducting a transaction.

Hopefully this would help you out.

Answered by alokgupta14 , an ibibo Guru, at 12:02 PM on February 08, 2008

Yes Gopal,it's safe,untill u play with security.

Answered by Almighty . , an ibibo Advisor, at 5:34 PM on February 08, 2008

gopal one msut check whether the site has verisign symbol and also saving the password on system is not allowed, changing password every 7 days ...steps such must be taken

Answered by raj u , an ibibo Master, at 2:49 PM on May 09, 2008

well, Some other major security concerns are :

1) Confirm that an Online Bank Is Legitimate and that Your Deposits Are Insured

Whether you are selecting a traditional bank or an online bank that has no physical offices, it’s wise to make sure that it is legitimate and that your deposits are federally insured. Here are tips specifically designed for consumers considering banking over the Internet.

2) Read key information about the bank posted on its Web site.

Most bank Web sites have an "About Us" section or something similar that describes the institution. You may find a brief history of the bank, the official name and address of the bank’s headquarters, and information about its insurance coverage from the FDIC.

3) Protect yourself from fraudulent Web sites.

For example, watch out for copycat Web sites that deliberately use a name or Web address very similar to, but not the same as, that of a real financial institution. The intent is to lure you into clicking onto their Web site and giving your personal information, such as your account number and password. Always check to see that you have typed the correct Web site address for your bank before conducting a transaction.

Hopefully this would help you out.

Answered by Raksha , an ibibo Master, at 8:10 AM on June 13, 2008