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The internet
revolution is changing the way we communicate and interact
with the world around us. The medium of the net has opened
up new vistas in commerce and banking and monetary transactions
are done at the speed of light. E-commerce is the mantra of
the young, urban, upwardly mobile professional, who make things
happen at the click of a mouse. Nowadays, it's common to transact
and do business on the net by using one's credit card.
 Ever
wondered what happens when you punch in your credit card number
on an internet website? Your credit card number travels to
the site where somebody at the back-end receives the number,
then punches it into an EDC terminal for approval from VISA
and MasterCard. Because of the manual intervention, there
is a risk of fraud, as the credit card number could be misused.
Anybody who has access to your credit card number could order
goods on any other site and you end up paying for it. Furthermore,
the manual procedure makes the system slow in terms of the
response time authorisation.
HDFC bank launches India's first secure, online, real-time Internet
Payment Gateway
The concept of Virtual Banking or Internet
banking was introduced in 1994. Now, HDFC Bank, for the first
time in India, has made the e-shopping experience secure, on-line
and real time with the launch of its payment gateway in May
2000. This will allow any Visa/MasterCard Credit Card holder
anywhere in the world to make payments for global services over
the Internet. If you enter your credit card number on this gateway,
not only does the credit card number travel in a secure mode
to the site but also all the way to Visa and back to the site
instantly, automatically, without the credit card number being
visible to the shopping site or anybody else.
NET BANKING
HDFC has launched Depository Services on the Net, by
which retail banking customers having a depository account with
them can now view their accounts through Net Banking. To avail
this facility the customer will have to submit a form for getting
his accounts registered to his customer ID. This service will
be extended for all the accounts where the Net Banking customer
is the first/ sole account holder in the Depository account.
The facilities that the investor can avail of through the net
for depository services would include the following:
- Holdings
as on the close of the last business day.
- Transactions
for the last seven days.
- Demat status
of the shares submitted for demat in the last one month.
- Account holders
profile.
- ISIN search
to know the ISIN for a particular company.
- CC Calendar
to know the various settlement details on various exchanges.
 Netbanking
customers can transfer funds from any of their accounts to any
Third Party account anywhere in the Bank. Transfers will be
effected on an ONLINE and REALTIME basis. No more hassles of
issuing outstation cheques / demand drafts etc to other account
holders of the Bank. HDFC Bank's
BillPay facility allows you to pay your utility & cellular
phone bills on the net from anywhere in the world, anytime.
Log in to the HDFC Bank website, select the Bill payment option
& the company for which you have to pay the bill. Enter
in the bill amount you have to pay & confirm. Your account
will be automatically debited & paid to the respective billing
company the next working day.
HDFC Bank offers a new concept called Mobile Banking in
association with Orange in Mumbai and Essar and Airtell in Delhi.
A revolutionary new service, it enables you to access your HDFC
Bank account from your cellular phone. This service works on
the SMS message (Text Message) functionality available on the
mobile phone and is supported by their NetBanking infrastructure.
You can conduct the following transactions using your mobile
phone:
| Balance Inquiry |
Last 3 transactions |
Account Statement Request
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| Cheque Book Request |
Stop Cheque Request |
Set operative account |
| FD Inquiry |
Cheque Status |
BillPay |
All transactions, barring the balance inquiry, are conducted
on your operative account, which is the account you select.
The balance inquiry transaction operates on all accounts linked
to your customer ID. Customers in Mumbai are offered Mobile
Commerce for the first time in India. If you are a resident
of Mumbai, you can access your HDFC Bank account and conduct
financial transactions on your mobile phone screen. To use
Mobile Commerce, open a Savings Account and register for the
Mobile Commerce and BillPay services. This facility offers
to pay your electricity
and mobile phone bills, inquire about pending bills
of companies that you have registered under the BillPay facility,
check the balance in the fixed deposits linked to your customer
ID, etc.
For any further clarifications, please get in touch with the
local depository service providing branch or drop a mail at
dphelp@hdfcbank.com
or visit their site www.hdfcbank.com.
You can also contact their personal bankers at the city branches:
HDFC House, 51, Kasturba Road.
Phone: 2227 5573, Fax: 2221 6874
63/1, 3rd Main, 18th Cross, Malleshwaram.
Phone: 2346 1462, 2346 1463, Fax: 2346 1468
6, Royal Arcade, Koramangala.
HDFC Bank,(Formerly Times Bank) Next to Webbs Petrol Bunk, M
G Road.
Phone: 2532 0932.
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