After a lot cases of cyber crimes in India,Axis bank has decided to prevent thier customers from such cyber crimes.
For this they have introduced Net Secure.Simply this means they will verify you via any method.Security key generation tool,SMS verify or PC locked login.
They are charging Rs 150 for SMS verification and Rs 800 for security key generator device.But speding this amount you get great security.
NETSECURE is a secured system wherein two different parameters (one that you already know, like your login ID and password and second, a single usage password that you generate or receive) are used together to verify your identity on the internet. Using two factors as opposed to one factor (just the login ID and password) ensures heightened security for your online transactions.
It should be noted that it is mandatory to register for NETSECURE to transfer funds online from 1st June, 2009.
So which way you feel convinient ? Let me know in comments