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Stay Indoors and Embrace Internet Banking

Do you still use cheques to transfer money? Or visit the bank branch to deposit money or to open a fixed deposit? Currently, as it is advised to stay indoors to contain the spread of coronavirus or COVID-19, it is time to embrace internet banking or net banking in your life.

There are hundreds of things that you can do through internet banking.

Here are some of the important services and facilities that you can access through internet banking:

Transfer Funds

Internet banking makes fund transfer a piece of cake. All you have to do is add the payee and you can transfer money instantly or after 20 minutes. You can transfer money to your friends or relatives who may have the same bank account or a different bank account.

Internet banking allows customers to transfer funds through IMPS, NEFT, RTGS. Currently, customers of a few banks like ICICI Bank and Kotak Mahindra Bank can avail the cardless cash withdrawal through internet banking.    

Bill Payments and recharge

Internet Banking has made it easier to pay bills from the comfort of your home. You don’t have to visit one office after another to pay your bills.

Net banking lets you add new billers and set your bills on auto-pay mode. This will make sure that there are no pending bill payments and no late charges.

You can also recharge your prepaid Mobile, DTH connection or internet services. 

Open Deposits Accounts

Bank customers can open deposit account such as Recurring Deposit (RD), Fixed Deposit (FD), Tax Saving Fixed Deposits, Public Provident Fund (PPF) through internet banking.  

RDs and FDs can be opened instantly in a paperless way by filling up an online form with the amount, tenure etc. You can easily calculate the amount that you will receive after it matures.

Recurring Deposit and Fixed Deposits give a higher interest rate than a savings account. Hence, you can earn higher interest by opening an RD or FD.

Read: All you need to know about Auto sweep facility

Apply for government schemes

Banks have now made it easier to apply for government schemes such as Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojan and Pradhan Mantri Jeevan Jyoti Bima Yojana.

Invest Online     

Whatever are your investment needs, you can meet it through internet banking without setting foot outside your home. You can open a 3-in-1 account to invest directly in stocks and view your Demat balances as well.

Are you looking forward to investing in Initial Public Offering (IPO) of a company? Now you can do it through net banking.

You can also invest in mutual funds and set up systematic investment plans (SIP) with the help of internet banking. Not just shares and mutual funds, you can also buy gold easily through the net banking platform.

Take Insurance

Having adequate insurance cover should be one of the top financial priorities for everyone. It is important to take insurance cover if you have a family or dependents as it will help them to live without any financial constraints.

Life and health insurance are the two must-haves insurance policy for everyone. If you don’t have life insurance or health insurance, you can enroll for the same through internet banking. Travel Insurance, Car Insurance, Two Wheeler Insurance, Home Insurance are some of the other types of insurance that you can opt for.


You can avail hundreds of services through internet banking. Whether it is to request for a particular service or to start investing, you can do these and more. In the present scenario, we suggest that you stay indoors and carry out all your banking requirements through net banking.

Stay indoors and stay safe!


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