Bank of Baroda Green signal password system
This news is important for you if your account is in Bank of Baroda and you use a debit, ATM or credit card. The bank has issued an alert to millions of customers across the country, explaining the math of passwords in red, yellow and green. Learn about it in detail ...
The present age is the digital age. The digital age has made it extremely easy for individuals to do basic day to day activities from the comfort of their own home. Now, it is possible to open a savings account online. In this respect, Kotak 811 is the first online zero balance account to be introduced in India. It is a zero balance account which means that are no need to keep a minimum balance in the savings account. Plus, there is no initial deposit to open your savings account.
There are two ways to open a Kotak 811 Account. The first procedure is the instant account opening procedure while the second way is the video KYC process.
Open Kotak 811 Instantly
Step 1: Download the Kotak app or visit the Kotak website.
Step 2: Enter your full name, mobile number and email id. Click on get 811.
The bank shared the information on social media
The bank has given information about this on social media. According to the bank, if the green color appears while keeping the password, it means that your password is safe. You should create a password for it by adding uppercase letter, lowercase letter, special character and number, this makes the password strong. It is important to be aware of the green mark when creating a password.
Find out what the red, yellow and green colors of the bank mean-
This green alert from Bank of Baroda means, your password is strong. Other than that yellow color means your password is average. As well as red color means that your password is not strong. We need to be mindful of the red, yellow and green marks when creating the password.
The Kotak 811 account is definitely a real account, facilitated by the secure mobile app. Although they have different kinds of accounts, the Kotak 811 lets you open your account online easily with just your Aadhaar card and PAN number. It takes less than five minutes to do so.
Some of the benefits of the Kotak 811 account are: 6% interest per annum, zero balance, virtual debit card that can be used for online shopping (Flipkart, Goibibo etc.) and free online transfers. I personally prefer the easy fund transfer option on the go, especially with my son away in college in a different city. This usually takes several hours to a couple of days sometimes, with traditional banking. There is a single payment interface that lets you send and receive money without revealing your bank info.
With the app, you can also track your banking transactions on the go, in a single place, recharge your mobile and DTH and also use the scan pay or mobilePay option to shop offline. Another facility is regenerating debit and credit card PINs. The app also lets you manage investments, buy/redeem mutual funds, manage term deposits, etc., although I am yet to use that.
Your password is more secure in green
Apart from that, the bank wrote in a post on social media that 'Hariyali' is not only the earth but also your password is secure. The green color shows in a way how secure your password is.
The bank recently launched a WhatsApp service
Bank of Baroda has launched banking services on WhatsApp. Now you can get all the information related to banking in your WhatsApp chat box. For this you have to send a message to the number provided by the bank. You have to text ‘Hi’ from your registered mobile number to the number declared 8433 888 777 from the bank. You will then be able to use the banking facility through WhatsApp.
No comments:
Post a Comment