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Introduction

The current charges for funds transfer through net banking facility of Indian Bank are tabled below.

NEFT

RTGS

Limit 

Charges per transaction (excluding taxes)

Limit 

Charges per transaction (excluding taxes)

Up to Rs. 10,000 

Rs.2.25 

Rs.2,00,000 to Rs. 5,00,000  

Rs. 24.50

Rs. 10,001 to Rs. 1,00,000

Rs. 4.75

Above Rs. 5,00,000 

Rs.49.50

Rs. 1,00,001 to Rs. 2,00,000

Rs. 14.75

Above Rs. 2,00,000

Rs. 24.75

What is net banking?

Indian Bank Net Banking

Net banking is the common name used for the internet banking services of any bank. Net banking services have revolutionized the banking sector and has provided customers with the ease of carrying out their banking transactions from the comfort of their homes. Net banking provides the facility of anywhere anytime banking. All that is needed is an internet connection and a user id and password generated at the time of registration for the net banking services.

Is registration for net banking mandatory?

The net banking services of Indian Bank are provided to all its existing customers as well as the customers from Allahabad Bank post its merger. All the customers of the bank having either savings account or current account or any other active account as per the bank’s guidelines are eligible for the net banking services of the bank.

The Bank requires its customers to first register for the net banking services. This registration is mandatory for all the customers without which the services cannot be accessed.

What is the registration process for net banking of Indian Bank?

As mentioned above, registration of net banking services is mandatory for all the users failing which they cannot access the net banking portal to carry out their banking transactions. The bank provides online as well as offline mode of registration to the net banking services. The details of such modes are mentioned below.

Offline modes

The offline mode of registration to the net banking services is by approaching the nearest branch of the bank after downloading the application form. The steps for registration through this mode are detailed below.

Through the nearest branch of the bank

  • The first step for registration through this mode is downloading the application form for the net banking services from the website of the bank.
  • This form has to be duly filled, signed and submitted to the nearest branch office of the bank.
  • If the customers have any issues or any doubts regarding filling of the form, they can seek the assistance of the branch executives.
  • After submitting the form, the customers will be issued a username and a system generated password which will be sent to them via registered post.
  • This username and password has to be used by them to login to the net banking account. Customers are required to change the system generated password to a password of their choice in the combination of alphanumeric and having a special character.
  • Post logging in, the users will also have to set a transaction password which can be used as an additional security check for funds transfer.

Online modes

The online mode of registration for net banking services can be done through the website of the bank using the ATM card of the account holder. This mode of registration can be used only for single account holders. Joint account holders and current account holders have to contact the nearest branch or the home branch for availing the net banking facility. The steps for registration through this mode are mentioned below.

Through website of the bank using the ATM card

  • The first step in this case is to visit the net banking  page of the bank and select ‘New User’
  • After selecting the same, the user will be taken to a new page where they will be required to enter the following details
    • CIF Number or the account number 
    • Mobile number and captcha code.
  • Post this, the account holder will be sent an OTP on their registered mobile number.
  • After providing such OTP, the user details will be populated in the CBS. 
  • The bank provides the customers with facility to choose the benefit of only viewing the account by selecting ‘View Facility Only’ or can also choose to transact along with viewing the account by selecting ‘View and Transaction Facility’.
  • The customer will have to answer 2 secret questions as an added security measure.
  • Account holders will be given the option to activate through branch or through the ATM Card
  • After that they will have to accept the terms and conditions of the registration
  • The account holders will have to enter the ATM Card details after which they will get an acknowledgment for successful registration of net banking account.

What are the features of net banking at Indian Bank?

The net banking services of Indian Bank can be used to carry out multiple banking transactions. Some of the features of net banking facility of Indian Bank are mentioned below.

  • Account holders can carry out funds transfer to own account or third party accounts within the bank or with any other bank. Funds can be transferred through NEFT/ RTGS or IMPS modes
  • Net banking can also be used to open and/or transfer funds to PPF account
  • Another facility of net banking account is to pay for the utilities like gas bill, water bill, electricity bill, DTH services, broadband services, etc. or make direct tax payments and credit card bills
  • Users can also open/close any term deposits like RD, FD, VRD, STD, MMD, NPS account, etc.
  • Apart from this, the net banking facility can be used for following services as well,
    • Request account statement for specific period
    • Request mini statement
    • Add/ modify / delete any beneficiary for funds transfer
    • Check the status of any cheque issued
    • Stop payment for any cheques 
    • Change or reset transaction password or login password multiple times.
    • Get TDS certificate
    • Issue any standing instructions
    • Subscribe for any IPOs
    • E-file tax returns
    • Submit Form 15-G/ Form 15-H/ Form A2
    • Get Form 26 AS
    • Download form 16A

FAQs – Indian Bank net banking

1. What is the minimum limit of funds transfer through RTGS?

A. Account holders can transfer funds through RTGS above a minimum amount of Rs. 2,00,000.

2. Can a user who does not have an active account with Indian bank open a net banking account?

A. No. Having an active savings account or current account is mandatory requirement for opening a net banking account with the bank.

3. Can a person open multiple net banking accounts?

A. An account holder can open only one net banking account for each account held by them.

4. What are the maximum fees charged for NEFT by Indian Bank?

A. The maximum fees charged for NEFT by Indian Bank are Rs. 24.75 per transaction for funds transfer over Rs. 2,00,000.

5. Are the net banking accounts of Allahabad Bank account holders merged with Indian Bank?

A. Yes. Post amalgamation with Indian Bank, the net banking accounts of Allahabad Bank account holders are merged with the former bank.

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