As cyber frauds continue to be on the rise, making mindful online banking choices is more important than ever. This article explores some tips and best practices for staying safe while banking online.
In many respects, the last few years of the technology revolution have been significant. But, of all the amazing achievements made possible by technology, banking has been one of the most disruptive. Internet banking has made life easier for people of all economic backgrounds, from students to daily wage labourers and small-business owners to multi-millionaires and tycoons of all stripes.
The negative aspects of internet banking
As much as technology can be lauded for facilitating our financial requirements, it must be overlooked that internet banking has its own hazards, such as cyber fraud via unauthorized QR codes, harmful URLs, bogus calls, and other techniques. Nonetheless, due of the ease it affords, we continue to choose internet banking. We can safeguard our lifelong savings if we are cautious of our internet banking activities.
Why do individuals lose so much money when they bank online?
Have you heard of individuals losing large quantities of money as a result of cyber fraud? This is most common when you deposit all of your life savings into your primary bank account and then use the same account for everyday purchases. To avoid such disasters, when your whole funds are at stake, you might open and utilise a separate bank account for everyday internet transactions.
For day-to-day transactions, a totally digital bank
The following step is to locate a digital banking partner to handle your everyday payments. This is when Airtel Payments Bank, your portal to a myriad of online banking services, comes in handy! You may take use of Airtel Payments Bank’s capabilities by making contactless payments, paying bills, FASTag recharges, and investing in insurance. It is simple to use and navigate for routine transactions.
Take charge of your finances and avoid stress
Airtel Payments Bank provides numerous levels of protection to protect your online payments. You may make payments with confidence with Airtel Payments Bank’s ‘Airtel Secure Pay’ function, which is one of the safest methods to pay. The functionality adds a third-factor authentication layer to ensure that no transaction occurs without your consent.
Get points for your online purchases
When you use Airtel Payments Bank, you not only get your money faster, but you also get incentives for your payments and transactions through the Rewards123 programme. When you purchase online with Airtel Payments Bank, you may be eligible for cashback, discounts, or special incentives as part of the programme. Thus, while you’re out shopping, you’re also getting rewarded!
Make wise investments while on the move
Airtel Payments Bank allows you to purchase and sell 24K Digi Gold (with a purity of 99.50%) at internationally competitive pricing. You may also invest in fixed deposits with Airtel Payments Bank and receive 7.5% interest on your funds.
Conclusion
Putting your main bank account at risk for everyday transactions may not be the greatest choice at a time when fraudsters are more technologically equipped than ever to hijack your online transactions and steal your money. To protect your money, divide it into two accounts and minimise the exposure of your primary account to digital payments. Alternatively, you may utilise the Airtel Payments Bank savings account for your everyday activities, which allows you to make secure online purchases while also earning rewards!
