Now neither otp hassle nor password headache! ‘Netbanking 2.0’ is coming, payment will be done in seconds

You too have been troubled by long-wide process of Netbanking while doing online shopping or while paying a bill? First you choose the option of payment on the website, then they send you to your bank website in a new window, then you enter your customer ID and long password, then there is an OTP on your phone, which you enter, and then the payment is completed somewhere. Uff!

This whole work takes 2 to 3 minutes and sometimes the payment is stuck in the middle.

But now preparations have been made to end this whole mess forever. The Reserve Bank of India (RBI) and NPCI (the same institution that created UPI) together bring a completely new and revolutionary system, which is named ‘Netbanking 2.0’,

So, is this the magic of ‘Netbanking 2.0’?

Let us understand it with an example of absolutely UPI. Think, how easy it is when you pay with Google Pay or PhonePe? You scan the QR code, enter the amount, put your 4 or 6 digit secret pin and … the payment is done! No other website opens, no long password has to be put.

‘Netbanking 2.0’ is also now paying from your bank account Exactly the same easier and faster Is going to make

How will this new system work?

Under this new arrangement, when you choose to pay with a netbanking on a shopping website or app, you will not be sent to your bank website. Instead:

1. A small on the same page Secure Windo (POP-UP) Will open
2. All you have Easy pin (Like upi pin) or your Phone fingerprint/face ID Have to use.
3. And just … Payment will be completed in seconds!

What are the benefits of this new change?

1. Speed ​​like T20 match: While now the payment from Netbanking takes minutes, this work with this new system Just 10-15 seconds Will be in
2. Ease of UPI: Long passwords and user IDs are overgrowth of remembering. Just a pin or your fingerprint will be enough.
3. More secure than before: In this new way, your bank’s login details will not go to any other website, which will make your account security even more strong.
4. Payment fail tension less: Because now you will not have to go to different pages again and again, so the chances of getting stuck or failing in the middle of payment will be greatly reduced.

When will this facility start?

RBI has instructed all banks to implement this new system. It is expected that from next month the big banks of the country will gradually start this new facility for their customers.

So get ready, because as the UPI changed our way to pay, the ‘Netbanking 2.0’ is going to change the experience of paying directly from your bank account forever!