Important Banking Safety Measures & Tips

Banking Safety Measures & Tips

Following are some very important banking security measures for safe banking and keeping all frauds at bay.

Keep following things in mind while writing or issuing a Cheque

· Fill up your own cheques. Do not rely on anyone else.

· Do not fail to write ‘Account Payee’ or ‘A/c Payee’, unless issued for cash withdrawals.

· Do not leave any space between ‘Pay’ and the name of the payee you write on the Cheque. Similarly, while entering the amount in words, do not leave any space after ‘Rupees’. Draw a line through the unused spaces to prevent any unauthorized additions or altercations.

· Strike out ‘Or Bearer’ unless issued for cash withdrawal.

· Do not leave any space between ‘Rs.’ and the amount in figures that you write. Always remember to specify the ONLY symbol ‘/-’ after the figure you have entered.

· Never Sign a cheque leaving the amount blank.

· Always use a pen with dark or permanent ink.

· Destroy old cancelled cheques, unless needed for taxation purposes.

· While issuing cheque for Credit Card Payment write full Credit Card Number.

· If you are issuing PDC (Post Dated Cheque), make a note of it in your records.

· Keep records of each and every cheque issued.



Handling Emails

· Beware of any e-greetings from any stranger or a ‘well wisher’ not known to you. Simply delete any such emails permanently. Even opening such an e-mail could unleash a virus or a Trojan onto your PC.

· Do not respond to any email asking for any kind of bank details (until you totally trust the sender) especially if it appears to be from the Bank itself. No reputed bank has the policy to ask for any details over email for security reasons.

· Don’t respond to any emails with your any personal details like address, bank name, ac number etc even if it claims that you’ve won a lottery of US$ 5,00,000.





Online Banking

· Do not ever write down your Login ID and Password at any place.

· Keep changing your Password frequently.

· Don’t set passwords which are easily guessable like birth date, cell phone number, anniversary date etc.

· Always set separate Login Password & Transaction Password.

· Always set alphanumeric Passwords ie combination of numbers and alphabets.

· If you have set an email id for Bank & Credit Card Statements, make sure to update it as and when needed.

· Make sure its HTTPS protocol while logging into your bank account.
(Check the address bar for HTTPS instead of usual HTTP)



Mobile Banking

· If possible try to avoid mobile banking as its still more vulnerable as compared to internet banking.

· In case of losing your cell phone, inform your bank immediately.