Want to have the facility of internet banking linked to your savings bank account? Read this article, which provides detailed information and a sample letter format, about how to write an application to your bank to avail the facility of internet banking. It also tells you about the cautions to be exercised while handling internet banking.
A savings bank account without an internet banking facility, is almost unthinkable these days. Online shopping, topping up your mobile, booking tickets for rail, bus and air travel, movie tickets, paying bills and taxes; everything can be achieved by means of internet banking. In a recent survey, it has been ascertained that online transactions - be it with a debit card, credit card or through internet banking is on the rise and every year it is touching new levels. It is more of a necessity to have an internet banking facility these days.
When you are opening a new savings bank account, the internet banking facility comes along with it by default. But, if yours is one of those old accounts, or if your bank has just introduced this facility, then you need to write an application to your bank requesting them to link the facility of internet banking with your savings bank account. For your reference, I have provided a sample letter format in this article that will help you draft an application for internet, net or online banking facility.
In the application, you need to mention your name(s)- depending on single or joint account, account number and name of the branch, where the account is held. You may have to fill an additional form given by the bank. You have to mention on whose name the internet banking facility is to be provided, whether for a single person or for all the account holders. You have to clearly mention, whether you want logging or visiting rights only or transaction rights as well. In case of former, you will only be able to see the balances and transactions in your account. You won't be able to do actual transactions. Finally, in case of a joint account all the account holders will have to sign in the application as well as relevant places in the form given by the bank.
Net banking has changed the world of shopping and doing transactions. Internet banking has pros as well as cons. It is very cost efficient, very fast, very easy and can be done sitting in the comfort of your home or office. You don't have to fear about losing your cash, paying exorbitant fees for money orders and demand drafts.
At the same time, online banking comes at some costs too. All online transactions have a certain risk element involved in them. There is always a chance of losing your hard earned savings to some online fraud, if you are not cautious enough. There is always a risk of your account getting hacked. There are numerous such instances, which comes in the newspapers regularly. One has to be very careful in handling internet banking accounts. A little carelessness, and it can cost you all your savings.
Remember not to reveal your password to anyone. The password should be so selected that it should have a mix of small and capital letters, numbers, special symbols and should be sufficiently long enough. They should be hard to guess by anyone and hard to be detected by hackers. The password should never be written anywhere and is only to be memorized, as far as possible.
Also take care, not to log on to your internet banking account when you are at a public place like internet cafes. As far as possible, use net banking in the safety of your home in your personal computer or smartphone. Many a times you will be receiving phishing mails in your e-mail account. Never ever respond to such mails. These mails will often ask for your bank account details including the password for internet banking. Always remember that your bank will never ever ask for your account details. In case someone is asking for your account details, it clearly indicates that they are trying to defraud you. Report these phishing mails to your bank and to the police if feasible. It is a very good practice to change your net banking password from time to time. If used with care, internet banking will provide you with lots of conveniences.
To,
The Branch Manager,
[Bank name]
[Branch name]
Sub: Provision of internet banking facility for my savings account
I am [Your name], a loyal customer of your bank and I am having a savings account in your branch. My savings bank account number is [Your SB account no.]. Presently I don't have internet banking facility with my savings account. This is causing me a great hindrance in paying my bills and taxes through online transactions. Neither am I able to avail the facility of online shopping.
I, therefore, request you that my savings bank account may please be provided with the facility of internet banking. I have filled the necessary details in the attached internet banking form at the relevant places. The user id to be used for internet banking has also been mentioned by me in the form.
Thanking you
Yours truly
[Signature]
[your name]
[Your address]
[Your phone no.]
[Date]
In case the account is in the name of two or more than two individuals, then all the names are to be mentioned in the application form as well as in the internet banking form. If internet banking facilities is required for the other joint holders also, then separate user ids to be mentioned in the form, against each name respectively. All the joint account holders are to provide their signatures at the appropriate places. Instead of 'I' you have to mention 'we' in the application.
Article by Dhruv
Dhruv, an electrical engineer by training and profession, loves to dabble in writing during his free time. For the last seven years, he has been a content writer creating content for ISC on topics mostly related to school and college admissions.
Follow Dhruv or read 180 articles authored by Dhruv
