Question

What facilities could internet bring to the business?

Answer 1

Welcome to the world of net banking of Corporation Bank.
If you are a customer of Corporation Bank, you can avail all the benefits of net banking by submitting an application for the same. If you have already applied for internet banking in the Account Opening Form itself, there is no need for separate application.
If you are an individual customer, you have to apply for Retail Banking and if the account is operated by more than one person jointly, or if the account pertains to partnership firm, limited company etc, you have to apply for Corporate Banking.
The User ID and passwords will be provided by the branch where the accounts are maintained
In case of Retail Banking only one User ID and a login password and authorization passwords will be provided. Whenever the customer wants to login to our net banking the user can do so by using the User ID and login password, and if he does any transaction like Fund Transfer, Opening a Deposit etc, the authorization password has to be provided when it is asked.
In case of Corporate Banking, one Domain ID with a set of user IDs and login passwords as requested by the customer would be provided and authorization passwords also will be provided for those required User IDs as required by the customer. Viewing rights will be provided for all the user IDs and payment rights will be given for those user IDs specified by the customer. Whenever the customer wants to login to our net banking the user can do so by using the user ID and login password, and if he does any transaction like Fund Transfer, Opening a Deposit etc, the same has to be authorized by another user, who is having authorization rights after logging into net banking with his user ID and Password and authorization has to be done by the authorization password.