First came cash, then came cards. Now there’s net banking that isn’t dependent on either of them. If you’re finding it hard to keep up with advancing technology, here we bring for you all the details you need to know about cardless payments using internet banking (or net banking).
You can directly make payments or withdraw cash from an ATM without your card. To use internet banking, you need to contact your bank.
An online account requires a user ID and password. Once you have this, you are all set to transact without a debit card. Remember that net banking uses the funds in your Savings Account funds in your Savings Account. This does not work with credit cards.
Shopping online has never been easier. To use net banking to pay for online purchases, you can follow these steps:
If you’re shopping at a store and have left your wallet at home, what do you do? We no longer have to leave behind your purchases and go home empty-handed. Nowadays, there are many payment apps available online. You can use your own bank’s app to make the payment, provided the merchant accepts it. These allow you to directly debit your account to pay for a purchase.
It’s that simple! You can use these apps to pay just about anyone who has also registered for the same service.
You can also use net banking to send money to your friends and family. You need to login to your online account either through the mobile app or net banking. You can then set up IMPS, NEFT or RTGS transfers and send the funds across.
Life has become so much easier with net banking! Banking online is safe and secure. Just make sure you never share your information with anyone else! You don’t have to worry anymore about carrying cash or cards. As long as you remember your user ID and password, you can transact anywhere any time!
Also, learn more about mobile banking with AU Small Finance Bank
Know more about using an ATM