Services such as online banking, net banking, and mobile banking have made things easier and simpler for users. Many years ago, just to check your balance, you must visit your branch, wait for hours, and do the rest. All these hassles are curtailed significantly by the arrival of internet banking, and you can perform the banking transactions at any time and place as per your convenience. Just login from your mobile or PC, and it’s all done.
Almost all the commercial banks in India are offering this facility, but in this read, we will talk about the pioneers of the industry and their internet banking services. Below are all the details that you will need t to access and use the BOI net banking facilities.
Bank of India (BOI) is India’s premier bank. It offers all digital Banking facilities such as BOI Net Banking or both retail and corporate clients, mobile banking, etc. Previously, to apply for the net banking facility, you need to visit your parent branch, but now you can avail of the BOI net banking services by registering yourself online. So, there is no need to visit the branch. And we must tell you that the online registration process is simple and quick.
Bank of India has an extensive branch network of over 5,000 outlets all over the country, and you will find their outlets/branches in every part of the country. Furthermore, the bank is the founding member of the Society for Worldwide Inter Bank Financial Communications (SWIFT); hence it is also well-suited for international financial transactions.
That was the brief intro, now let’s move on to the actual topic and let’s check all the necessary details about the BOI internet banking:
How to Apply for Bank of India Net Banking:
Registration for Bank of India net banking is simple. The step by step registration process is as follows:
- You can visit the official website of Bank of India to register your-self https://www.bankofindia.co.in/
- Now, scroll down a bit and look out for the ‘Online Services’ tab in the menu of the footer of the website.
- Then visit the ‘Internet Banking’ section.
- In the Internet Banking tab, you will find the sub-section titled ‘Retail.’ Click on it.
- Now, click on the ‘New User’ tab.
- Enter your account number and registered phone number in the fields for registration.
- Verify the Captcha.
- Click the ‘Continue’ button.
- Now, you will get an OTP on your phone. Enter this unique ‘OTP’ in the field and continue.
- Now, you will have to input your debit card number, expiry date, and debit card pin.
- Then, read and accept all the terms and conditions and submit them.
- Now you will be asked to set a new password. So, enter a new password and make sure it is ‘strong’ and then click on ‘confirm.’
- Now, you will be redirected to a new page on which you can see your details, such as Customer ID, Name, and account number. Note down these important details for future uses.
- After filling all the necessary details and accepting terms and conditions, you will receive a confirmation message on your registered mobile number stating, “Your request to create the internet user ID” is successful.
- In about 24 hours, your online banking account will be activated, and you can access the bank of India’s net banking facility.
- For further use, you can visit the retail tab again and then enter your user name and password.
- Your BOI net banking process is complete, and you can perform the transactions now.
BOI Net Banking App
In this part, you will find all the required details related to the BOI net banking app. You can quickly and safely access BOi net banking by using your mobile phone via a mobile app. This net banking app by BOI is available for both android and IOS mobile phones.
You can download this free app via the Play Store for Android users. Once you have downloaded this app, you will see the ‘Bank of India’ tab on the right side. When you click on this tab, your installation will get started.
After the download is completed, you will be redirected to the login page. Another useful option for this mobile app is that you can use it in both English and Hindi languages. The usage and interface of the app simple even if you are not familiar with such apps. After logging in, you can see the ‘Dashboard Page’ with various features, and you can use the one accordingly.
In recent times, the reviews and ratings of this BOI net banking mobile app are increased due to some handy features such as career, skills, and overall user experience. It allows you to use all the net banking facilities by sitting on your work desk or couch. Some excellent and useful options that this app offers you are listed below.
Key Features of BOI App
By using this BOI mobile app, you can easily and quickly view all your account details, a/c balance, apply for check and see your deposits.
You can also transfer funds by using this BOI net banking mobile app.
Time to time, you will receive important alerts and personalized offers by the bank.
It allows you to avail and use almost all the facilities on your mobile.
You can also monitor your credit limit by using this BOI net banking app.
The mobile app of BOI is safe and secure as it is developed by the BOI team to facilitate their customers. And after downloading the app, the ‘Size’ is 26.7Mb, which according to us, is reasonable, and the app itself is not too heavy to use. So, you will not face any issues regarding the speed.
The mobile app works with iOS 9.0 or other updated versions. So you can easily access the app via iPad or iPhone. The reviews about the app are satisfactory, and the average rating of this net banking app is above four stars. The app is entirely free for all customers.
And the mobile app is ‘Free,’ which means it is free of cost for all the customers.
These were all the essential details regarding the BOI Mobile App, which we have covered in detail, and now you can download the app, and your bank account is on your figure tips.
Advantages of BOI Internet banking
Here are some advantages of availing BOI internet banking that you should be aware of:
1. Fast and Quick Monitoring
Once you can view all your account details such as balance, deposits, etc. on your PC or mobile phone, it helps in the reconciliation of your business transactions. It becomes quick and simple to check the deposits from your clients into account, and there is no need to visit your branch for such minor issues. It also allows you to act faster in case of any unforeseen event.
2. Transfer Funds Instantly
One of the main benefits of online banking is that you can securely and rapidly transfer the funds to your clients of the same bank and other banks. These options come handy when you are at your home and cannot visit the branch due to any reason, or you are at work. It saves you precious time and a bit of effort as well. As for security, the BOI online banking is entirely secure, and in case of any trouble, you can contact the 24/7 customer service department.
3. Pay Your Utility Bills Online
Another main benefit of using a net banking facility is that you can instantly pay your utility bills. There are many types of utility expenses that you can pay quickly via net banking, such as electricity charges, water connection charges, gas charges, and paying various memberships from your banking account. Not only these, but net banking also lets you schedule your monthly bills; hence, if you forget the deadline to pay the bill, it will automatically be paid.
4. Easy to Find Records and Reconcile Them
If you want to monitor or reconcile your past financial banking statements or records, you can also do this via BOI net banking facility. You can also generate your transaction history, and your bank statement and other transaction details. It curtails the paperwork to a great extent. And you have easy access to your past records in soft copy all the time, even after banking hours.
5. Ready Statement of Accounts
With the internet banking service, you don’t need to wait for your statement of accounts. You can view your statement of account at any time, and you can also print it if required.
6. 24/7 Customer Support
The online banking services by BOI are entirely safe and secure, so there is nothing to worry about. Moreover, if you still find it difficult to use or there are any issues regarding the services, you can simply contact the customer services department of BOI, which is available 24/7 for your guidance. You can call them or shoot an email stating your problem, and they will reply to your query accordingly.
E-service Facilities Offered Through BOI Net Banking
Bank of India offers many useful services and products to its customers, and it is the reason for such a huge customer base. From time to time, the bank keeps introducing various packages and services that help people to maintain their businesses and improve their financial status. Similarly, the bank also updates its policies and procedures on a regular basis, which minimizes financial risk.
Bank of India provides various useful services to its clients via e-services that allows you to perform necessary financial transaction as well as non-financial transaction and other activities from anywhere such as your home or office location.
Some Helpful Transactions that You can Instantly Perform Via BOI Net Banking e-service Facility are as Follow:
- Utility Bill Payments
- Fund Transfers
- Ticket Booking
- E-filing of Taxes and I.T. Return
- I.T. Return verification through Internet Banking
- Online trading of shares
- Unsuccessful Transaction Refund Claim
- Track Loan Status
- IMT Money Transfer
- Gift Card Balance Enquiry
- BOI Star EazyPay
- Generate Statement of Account online
The Application Process for BOI Net Banking Facility Via Your Parent Branch
Furthermore, you can also apply for a net banking facility directly from your parent branch in case you don’t want to apply it online. To avail of the net banking facility, all you have to do is visit your BOI branch and fill out the internet banking form. You may seek help from customer services officer to fill out the form. After filling and submitting the form, follow these steps:
Your Branch will send you a Pre-printed Kit (PPT) after your application is approved. The PPT that you will receive will have your User ID and password that will be only valid for the first time login. You will receive this ID and password via Indian Postal service at your given location.
- After receiving the login details, visit the website of the Bank of India (www.bankofindia.co.in).
- After that, look out for Internet Banking ‘Retail’ tab and log in with your user id and password.
- The login process is quick and easy; just enter your user ID and password that you have received.
- For security reasons, always change the password after the first use.
- Now, your net banking is activated, and you can perform any transaction at any time.
Things to Consider When using BOI net banking
Anyone who is utilizing online banking services must be vigilant and attentive. There are many types of cybercrimes out here.
One such type that is quite common is Phishing. In this type of cybercrime, the fraudsters try to obtain confidential information such as pin code, account number, and other details via spammy emails or text messages.
You must not share your private information such as ATM PIN code, transaction password, login password, CVV number, Credit Card details, etc. While browsing, you might come across the fake pop-up windows, emails, texts, etc. all these links back to the bank’s official website, but these are totally fake. The fact is, the scammers fake the bank’s identity and force the customers to enter their confidential details to a website that looks the same as the official bank website.
The Bank will Never Ask Such Details
You should know that no bank, including Bank Of India, will ask for such confidential details. Neither the bank will send you emails to obtain such information. If you receive an email asking you to submit your private information such as debit card number, credit card number, PIN Code, CVV number, Net banking user I d or Password, etc. it is not the bank; it is a scam attempt. From the bank, you will only receive informational or promotional emails, nothing else.
What to Do?
The Bank of India updates its customers regarding these scams on a regular basis. Don’t follow the link, and don’t give your confidential info if you receive any such email or text messages. The other thing that you must do immediately is that informs the bank regarding the suspicious email. It helps the bank to update its net banking facilities, and as a result, you can enjoy safe and secure services. The bank will keep your details confidential, so don’t worry about that.
Precautionary Measures of net banking
You might notice the change in layout and interface of the bank’s website or app. These types of changes are done on a frequent basis, and there is no harm in that. In fact, these are done for better customer experience. However, if you found anything suspicious, you must report it to the bank’s customer service. Some other measures that you should do to keep yourself safe while performing online banking services are as follow:
You must update your password on a frequent basis. Updating your password curtails the risk of theft and scam and make things more secure for you.
Similarly, we will not recommend you to use BOI net banking from public places such as a cyber cafe, or publicly accessible connection. You should use an online banking service from your personal PC or mobile-only. Using net banking from internet cafes or public connection is never safe, and hackers or fraudsters are always looking for a loophole. So, it is better to adopt safety measures than to be worried.
We will recommend you to use anti-malware software on your PC as it blocks various hacking attempts and viruses from affecting your PC. And for the safest experience, we will advise you to use updated and latest versions of internet browsers.
Lastly, never visit the Bank Of India’s official website through any link. Access it directly by typing the URL, or you can visit via reliable links only.
How to reset BOI Net Banking Password
If you have forgotten the password of BOI net banking, don’t worry, it is simple to reset the password. Follow these steps to reset the password of your BOI net banking login account. The steps are:
Step 1- First, visit the official website of Bank of India.
Step 2- Now, in the login area, you will see a ‘Forget password’ link. Click on the link to reset the password.
Step 3- After these steps, you will be redirected to a new page where you will have to enter some details such as User Id and Debit Card details. After filling the details, click on the submit button.
Step 4- Now click on the ‘New Password’ button to reset your password.
Step 5- Enter your new password now and remember that the ideal password is the mixture of alphabets, numbers, and special characters, so use all these in your password. When you are done, click on the submit button, and your password is reset.
This was the last step in changing your password; after this final step, you will receive a confirmation message from BOI net banking on your screen. You can also visit your branch to change your net banking password, but this will be more convenient for you.
About Corporate BOI Net Banking
Here we will discuss BOI corporate net banking and its benefits.
Bank of India (BOI) corporate net banking is specially designed for small and medium enterprises, but it is also useful for large companies. BOI corporate net banking is helpful in daily routine transactions of the businesses. It is also called as business banking. In this service, financial services and facilities are designed as per the specific needs of the business. Facilities provided in the BOI corporate net banking are similar to retail services, but these are customized. So, if you have huge transactions on a daily basis or you manage a large number of employees, this service is ideal for you.
Benefits of Corporate BOI Net Banking
BOI corporate Internet banking offers you the perfect and quickest way to manage your business transactions without regularly visiting the branch. In short, it saves your time and effort. So, here are some advantages of BOI net banking for corporate:
- It allows you to perform the transactions instantly.
- You can view and perform your daily transactions without visiting the branch.
- It also helps in tracking the inflow and outflow of funds.
- You can view your business account statement instantly.
- You can give access to your managers or other staff so that they can operate the net banking when you are not around.
- BOI corporate net banking is entirely safe and secure, and a 2-step verification process further protects it.
- You can also view the updated of your cheques, such as issuance, clearance, and returned cheques.
- You can also avail stop payment facility with BOI corporate net banking.
- You can also customize the service as per your business needs.
- You will get access to 24*7 customer service for smooth business operations.
What is the Eligibility criteria of BOI Corporate Internet Banking?
All non-Individual / Companies / Partnership firms / Trust/Society/ Body Corporate are eligible for Bank of India’s corporate net banking.
What are the Services Available at BOI Corporate Net banking?
Some common BOI corporate net banking services are:
- Instant access
- You can make tax payments for your business and company
- Access to pay the various utility charges and monthly bills
- You can perform third party transactions such as transferring funds to accounts that are maintained with other branches and banks.
BOI Net Banking Form Download
The Bank of India’s net banking is available in PDF. By submitting this simple form, you can avail of the net banking facility. To download the form, please visit this link.
FAQS BOI Net Banking
What is Internet Banking?
Internet or Net Banking is a facility that allows you to meet your financial and banking needs by visiting a website anytime. You can perform all your transactions via a secure website from any location.
Why should I apply for BOI net Banking?
BOI Net Banking offers you an appropriate and quickest way of performing your banking needs without visiting your home branch. In short, it saves your precious and efforts. The facility is also useful when you want to perform any transaction after banking hours; hence you are not limited to the branch timings.
What is the difference between BOI net banking Login Password and Transaction Password?
The login password has the expiry of 2-years, and it is used for logging into the Internet Banking website. The transaction password is valid for 180-days, and it is used to transfer the funds.
I forget my password how to reset it?
You can visit the official website of BOI and then reset your password. Or you can visit your branch to reset your net banking password.
Received this message “Invalid Login Id and Password.” What does it mean?
This message only comes because of the following reasons:
You have entered the wrong user ID or password.
Your account or user ID is blocked temporarily due to multiple login attempts of the wrong password.
If this is not the case with you, we will advise you to contact customer care immediately.
I did not receive my User name and password, what to do?
You can call and inquire about the status at 1800 220 229 / (022) – 40919191
Or you can verify and check your mailing details by visiting your branch.
I have received only Login password and not Transaction Password?
For your security, BOI dispatches Login and Transaction Passwords on different dates and in various covers. Hence, you will not receive both these passwords on the same day. There will be a difference of two or three days between the two passwords. However, if you have not received any password for more than three days, you can contact your branch of customer service.
What should I do to avail transaction facility?
You can visit your branch and submit your request for a transaction password to avail of the transaction facility.
Can I deactivate the fund transfer facility?
Yes, you can deactivate it by visiting your branch and submitting a request.