{"id":4471,"date":"2023-04-14T18:40:36","date_gmt":"2023-04-14T13:10:36","guid":{"rendered":"https:\/\/fatakpay.com\/blog\/?p=4471"},"modified":"2026-01-23T15:19:35","modified_gmt":"2026-01-23T09:49:35","slug":"what-is-net-banking","status":"publish","type":"post","link":"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/","title":{"rendered":"What is Net Banking?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Introduction_to_Net_Banking\" >Introduction to Net Banking:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#What_is_Net_Banking\" >What is Net Banking?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Net_Banking_Fund_Transfers\" >Net Banking Fund Transfers:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#NEFT\" >NEFT:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#RTGS\" >RTGS:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#IMPS\" >IMPS:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Features_of_Online_Banking\" >Features of Online Banking:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#A_safe_and_convenient_banking_method\" >A safe and convenient banking method:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#A_password-protected_banking_system\" >A password-protected banking system:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Simple_access_to_financial_and_non-financial_banking_products_and_services\" >Simple access to financial and non-financial banking products and services:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#You_can_access_your_bank_account_from_anywhere_at_any_time\" >You can access your bank account from anywhere, at any time:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Transfer_funds_online_via_NEFT_RTGS_and_IMPS_at_any_time\" >Transfer funds online via NEFT, RTGS, and IMPS at any time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Process_bill_payments_promptly\" >Process bill payments promptly:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#Conclusion\" >Conclusion:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-net-banking\/#About_FatakPay\" >About FatakPay:&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_to_Net_Banking\"><\/span>Introduction to Net Banking:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Most public and private sector banks in India created specialized net banking platforms for the convenience of their customers after the 2016 demonetization campaign. These <strong>internet banking<\/strong> websites provide additional services like opening fixed deposit accounts, paying taxes, etc. There are several benefits to internet banking, including the ability to work from home, do all of your work without going to the bank.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Net_Banking\"><\/span>What is Net Banking?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is a system or service that customers can access online. The service gives them access to both financial and non-<strong>financial banking<\/strong> products. Not only is it a safe method to the bank, but it is also convenient.<\/p>\n\n\n\n<p>Customers used to need to go to the bank to receive even basic services. Since the advent of internet banking, customers no longer need to visit their bank&#8217;s branch office for minor services. Virtually all banking services and goods are available online. <\/p>\n\n\n\n<p>All banking tasks, including money transfers and obtaining demand drafts, are simplified by online banking. You only need an internet-connected laptop, computer, or even mobile phone to access your online banking account. Furthermore, internet banking has a lot of benefits.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Net_Banking_Fund_Transfers\"><\/span>Net Banking Fund Transfers:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are three other methods for transferring money between online accounts: <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">NEFT<\/mark>, <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">RTGS<\/mark>, and <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">IMPS<\/mark>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Basis of Comparison<\/td><td>NEFT<\/td><td>RTGS<\/td><td>IMPS<\/td><\/tr><tr><td>Minimum Transfer value<\/td><td>Rs.1<\/td><td>Rs.2 Lakh<\/td><td>Rs.1<\/td><\/tr><tr><td>Payment options<\/td><td>Online and Offline<\/td><td>Online and Offline<\/td><td>Online<\/td><\/tr><tr><td>Maximum Transfer Value<\/td><td>No Limit<\/td><td>No Limit<\/td><td>Rs.2 Lakh<\/td><\/tr><tr><td>Settlement type<\/td><td>Half hourly basis<\/td><td>Real time<\/td><td>Real time<\/td><\/tr><tr><td>Inward Transaction Charges<\/td><td>No Charges<\/td><td>No Charges<\/td><td>Decided by the individual member banks and PPIs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NEFT\"><\/span>NEFT:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>National Electronic Fund Transfer<\/strong> is one of the most frequently utilised payment methods for one-to-one financial payments. (<strong>NEFT<\/strong>). Although it is a time-limited operation at the bank, internet banking portals are open 24 hours a day, 7 days a week. Funds are often safely sent using <strong>NEFT<\/strong> in less than 30 minutes. However, the period of time may go over 2 to 3 hours.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RTGS\"><\/span>RTGS:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A technique for paying money on an order-by-order basis in real time is called <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">real-time gross settlement<\/mark> (RTGS). In other words, the RTGS system makes sure the funds are credited to the beneficiary&#8217;s account as soon as feasible.<\/p>\n\n\n\n<p>Since the Reserve Bank of India (RBI) keeps track of RTGS transactions, successful transfers are presumed to be irreversible. Using this method, a minimum of 2 lakh must be sent. Similar to NEFT, RTGS is a bank service with a time limit, although it is accessible round-the-clock via net banking.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IMPS\"><\/span>IMPS:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Real-time money transactions are also managed via the <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Immediate Payment System<\/mark> (IMPS). Instantaneous money transfers between banks in India are most frequently done by mobile, the internet, and ATMs. To transmit money through IMPS, all that is needed is the recipient&#8217;s mobile number.<\/p>\n\n\n\n<p>Some account holders do not have access to <strong>online banking<\/strong>. You must sign up for internet banking either when you open the account or afterwards if you want to utilise it. You must enter your registered customer ID and password in order to access your internet banking account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_of_Online_Banking\"><\/span>Features of Online Banking:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_safe_and_convenient_banking_method\"><\/span>A safe and convenient banking method:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Net banking is very secure. It would be preferable to avoid going to the bank for routine transactions.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_password-protected_banking_system\"><\/span>A password-protected banking system:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This lowers the <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">potential for online fraud<\/mark>. Online transactions are perfectly secure and safe thanks to the bank. Customers will find this to be quite beneficial and it offers the ideal level of security to win their trust for online transactions.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simple_access_to_financial_and_non-financial_banking_products_and_services\"><\/span>Simple access to financial and non-financial banking products and services:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The fixed deposit, savings account, <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">demat account<\/mark>, and many other services are all accessible online. The bank&#8217;s whole feature set is accessible online.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"You_can_access_your_bank_account_from_anywhere_at_any_time\"><\/span>You can access your bank account from anywhere, at any time:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Customers no longer need to visit numerous banks to meet their needs as technology advances. People can now open a bank account online and use all the services while remaining at home.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transfer_funds_online_via_NEFT_RTGS_and_IMPS_at_any_time\"><\/span>Transfer funds online via NEFT, RTGS, and IMPS at any time<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All internet transactions happen in a matter of milliseconds. Customers do not need to visit the bank in order to transfer money. All they have to do is conduct the online transactions when they are at home.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_bill_payments_promptly\"><\/span>Process bill payments promptly:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The bank does offer all of the options for online bill paying. People no longer stand in line to pay their bills.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The bank offers the option to operate online due to technological advancements. The majority of banks even offer the option to open an account online with valid documentation. <\/p>\n\n\n\n<p>The users can operate the services online very conveniently in this method. Most banks today work to utilise the least amount of paper feasible in an effort to simplify things for their clients. In a way, this offers a fantastic opportunity for paperless transactions.<\/p>\n\n\n\n<p>To explore other popular money transfer options, you can also read about <strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-imps\/\" target=\"_blank\" rel=\"noopener\">What is IMPS<\/a><\/strong>, <strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-neft\/\" target=\"_blank\" rel=\"noopener\">What is NEFT<\/a><\/strong>, and <strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-upi\/\" target=\"_blank\" rel=\"noopener\">What is UPI<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_FatakPay\"><\/span><strong>About FatakPay:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>FatakPay provides <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">small credit<\/mark> facilities for all. It&#8217;s available on your phone and caters to your everyday needs in both online and offline format. Payments are done seamlessly through UPI\/QR codes. The solution provides an almost zero cost, free, quick, transparent and a secure way to transact in multilingual format with a Scan Now Pay Later facility and easy repayment options.<br><\/p>\n\n\n\n<p>Link to FatakPay App: <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/link.ftkp.in\/2uSI\/dkasgvnf\" target=\"_blank\" rel=\"noopener\">https:\/\/link.ftkp.in\/2uSI\/dkasgvnf<\/a><\/mark><\/p>\n\n\n\n<p>Link to the Website: <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/fatakpay.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/fatakpay.com\/<\/a><\/mark><\/p>\n\n\n\n<p><\/p>\n\n\n<p><\/p>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"BlogPosting\",\n  \"headline\": \"What is Net Banking?\",\n  \"description\": \"Learn what net banking is and how it allows secure online fund transfers, bill payments, and other digital banking services.\",\n  \"image\": \"https:\/\/fatakpay.com\/blog\/wp-content\/uploads\/2023\/04\/what-is-netbanking.jpg\",\n  \"datePublished\": \"2023-04-14\",\n  \"dateModified\": \"2023-04-14\",\n  \"mainEntityOfPage\": {\n    \"@type\": \"WebPage\",\n    \"@id\": \"https:\/\/fatakpay.com\/blog\/what-is-net-banking\/\"\n  },\n  \"author\": {\n    \"@type\": \"Organization\",\n    \"name\": \"FatakPay Digital Pvt. 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These internet banking websites provide additional services like opening fixed deposit accounts, paying taxes, etc. There are several benefits to internet banking, including the ability to work<\/p>\n","protected":false},"author":1,"featured_media":6792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[97,98,120],"class_list":{"0":"post-4471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-learn-finance","8":"tag-fatakpay","9":"tag-finance-tips","10":"tag-net-banking"},"_links":{"self":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4471"}],"version-history":[{"count":11,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4471\/revisions"}],"predecessor-version":[{"id":7524,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4471\/revisions\/7524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media\/6792"}],"wp:attachment":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}