What is internet banking? And what are the things that one should keep in mind while using it?

Internet banking, also known as online banking, is a service offered by banks that allows customers to perform various financial transactions and access banking services through the internet using a computer or mobile device.

Things to keep in mind while using internet banking:

Keep your login credentials confidential and never share them with anyone.
Use secure and strong passwords for your online banking accounts.
Avoid accessing internet banking from public or shared computers.
Regularly update your device’s operating system and antivirus software.
Be cautious of phishing emails and fraudulent websites pretending to be your bank.
Check your account statements regularly for any unauthorized transactions.
Use trusted Wi-Fi networks or consider using a virtual private network (VPN) for added security.
Avoid clicking on suspicious links or downloading unknown attachments in emails or messages.
Enable two-factor authentication for an extra layer of security.
Log out of your internet banking session after use, especially on shared devices.

Following these precautions will help ensure the safety and security of your online banking transactions.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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