April 26, 2023

IDBI Bank Corporate Net banking: How to Apply & Activate

Founded in 1964, under the aegis of Government of India, IDBI's core purpose was to serve as a development finance institution to India's industrial sector.
Over the years, the institution evolved into a full service public sector bank, after merging with its commercial division and later acquiring United Western Bank.
Currently, IDBI Bank Limited is a subsidiary of Life Insurance Corporation of India (LIC) and is owned jointly by Life Insurance Corporation and the Ministry of Finance, Government of India.
With an asset base of ₹300,713 crore( FY21) and pan-India network of 1890 branches, the bank offers a comprehensive bouquet of services, to both retail and corporate customers through multiple banking channels, online and offline.
As an IDBI net banking corporate customer, you can access an exhaustive portfolio of services ranging from:
  • Checking your account balance and account statements, transaction tracking and history, cheque status, passbook and much more.
  • Making fund transfers via NEFT, RTGS and third-party funds.
  • You can also access your demat account information anytime, anywhere.
  • Receive and disburse payments from and to your ecosystem participants such as vendors, employees etc.

As an account holder of IDBI Bank, all corporate customers are eligible to open a netbanking account.

All you need to do, to avail these services, is to:
  • Hop by the nearest IDBI branch and request for a netbanking registration form.
  • Or you may login to the official webportal of the bank to download the Corporate Net Banking Application Form. Fill in the relevant fields and submit the same at your nearest branch.
Once you have submitted the application form, the bank would then courier the username or customer ID to log at your registered corporate office address within a few working days.

Once you have received the login id, you can now activate your netbanking account by following a series of simple steps:

  • To begin with, simply login to the bank's web portal.
    • Next, key in your customer ID, mobile number and account number details in the appropriate fields.
    • Press submit. You will now be asked to generate a new password**.**
    • As the next step, you will navigate through a 3 step authentication layer in order to generate a new password.
At this juncture, you are required to key in Debit/ATM card details. Subsequently, an OTP would be sent and then upon verification, you will be guided to reset the password.
  • Once you have reset your encrypted password, you can set the access rights to your corporate net banking account.

FAQs:

What are some of the cardinal guidelines to adopt in order to keep my corporate net banking account safe and secure?

  • Never share your password or PIN with anyone.
    • Never send any personal information through emails.
    • Avoid using cyber cafes to login to your corporate net banking account.
    • In order to minimise the probability of a hack, deactivate the options- ‘AutoComplete,’ ‘Remember Me’ and ‘Remember Password’.
    • In a scenario, if you suspect potential or real foul play, get in touch with our help desk on an immediate basis by calling the toll-free customer care number or by visiting the nearest branch.

Is there any additional service charge to access netbanking services?

The corporate net banking services are free to all the corporate account holders of the bank.

What is the process to enhance the daily transaction limit of my corporate account?To enhance your transaction limit, just follow this simple process by:

  • Logging into the official web portal with your login id and password.
    • On a new page, you key in your debit card number, ATM PIN and Card Expiry date and then ‘Generate OTP,’ after pressing on ‘Terms and Conditions.’
    • You then have to Select ‘Set Access Rights/Modify Limits’ option.
    • Press on the ‘Enable Transaction Facility’.
    • Then press on the daily transaction limit that you are seeking to set and then press the submit tab.
    • And finally press the ‘OK’ tab to confirm the modifications.

What happens to my account if I key in the wrong password?

You get a maximum of four iterations to type the correct password, after which your account gets automatically disabled on security related issues.
To reactivate your account, you need to touch base with your relationship manager.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

What is mPassbook & How to Get Mobile Passbook: Charges, Features, & Benefits

Any person with a bank account has to have used a passbook. A [ savings account](https://upstox.com/savings-account/what-is-savings-account/) or current account's transactions are recorded in this book, which the bank provides. A bank employee or teller is used to manage passbooks and records the transactions in the books. The teller was required to sign in the book to attest to the bank's approval of the transactions. This did, however, provide room for human error and factual deception. Modern passbooks were created to be easily integrated with computers to eliminate these issues. You no longer need to visit a teller to write transactions and sign the book. Banks have automated tellers that are set up to record transactions following your account information. Your account information is stored on a Bar-Code carried by modern passbooks. Place the book into the device, and it will automatically write the transactions. However, this was only the beginning of banking process automation. The mpassbook is another novel idea that has recently gained much popularity.

How to Check Union Bank Mini Statement By Missed Call, Number & Mobile Banking

To put it simply, it is a condensed version of your bank statement that only includes the most recent transactions. You can view the specifics of five current debit/credit cards, NEFT/RTGS/IMPS/UPI/etc. Transactions in this small bank statement. In terms of the Indian public sector banking industry, the Union Bank of India stands out as a frontrunner. Union Bank of India (UBI) provides online banking services that are among the best in the industry. The best banking services are available around the clock at Union Bank. Through Union Bank's online banking services, consumers may quickly and easily access their bank accounts, saving them valuable time. Account users can access various banking services, including checking their balance, getting a brief summary of their account activity, transferring funds, and more. Customers of Union Bank of India can generate bank account statements and Union Bank of India Mini Statements using a variety of handy channels, including SMS Banking, the Missed Call Facility, Union Net Banking, and mobile banking.

IMPS vs. NEFT: Key Differences And Benefits

If you use electronic payment systems, you should be familiar with IMPS and NEFT. Both of these are strategies for moving money from one bank account to another. Understanding how each of these methods of money transfer works might help you choose the best approach for your needs. Let's go over these methods in depth!

SBI Bank Balance Enquiry Toll Free Number and How to Check

| SBI Balance Enquiry Customer Care Number for Missed Call: | 09223766666 | | --- | --- | | State Bank of India Balance Enquiry Toll-Free Number: | 09223766666 | Millions of Indians use the State Bank of India as their primary savings account. The company makes many financial products and services, including credit cards, savings accounts, loans, and more. But it's in everyone's best interest to monitor their savings account balances regularly. Several options exist for checking an SBI account balance. Learn several methods presented here for checking your [SBI savings account](https://upstox.com/savings-account/sbi-state-bank-of-india-saving-account/) balance. There are several options, and it's simple to check your balance. This includes online banking, a toll-free number, and sending and receiving text messages and missed calls via phone. This article will examine how you can view your SBI account balance.