Axis bank introduces Net Secure

Posted By: KP On April 7, 2009 Under Internet, Security Stuff Categories

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.

  1. NETSECURE with SMS :In NETSECURE with SMS, the NETSECURE Code (a single usage password) is sent to your mobile phone through SMS. Every time you transfer funds or register a beneficiary (recipient), you need to enter the NETSECURE Code to complete the transaction, after which the Code will expire.
  2. NETSECURE with WebPin:To login using NETSECURE with WebPin, you need to register one or more of your frequently used computers. You can then use iConnect only from these registered computers. In addition, during registration, you will be prompted to set a WebPin. This WebPin will be used to generate a NETSECURE Code (a single usage password) which will be required to login and transact on iConnect.
  3. NETSECURE with 1-Touch:NETSECURE 1-Touch is a small device that generates a unique NETSECURE Code (a single usage password) every time a button on it is pressed and held. This NETSECURE Code will have to be entered in addition to your login ID and password to login to iConnect. Every NETSECURE Code expires after 50 seconds and you have to generate a new code to login.

Security key generator device

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



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33 responses. Wanna say something?

  1. anonymous
    Apr 22, 2009 at 15:26:42
    #1

    you are rite. its a very good service. i feel safe now :)

    [Reply]

  2. DevilS
    Apr 22, 2009 at 16:17:35
    #2

    I think First option is the best option as we carry our cellphone everytime…in case theres a need we can always easily and quickly transfer funds.

    [Reply]

  3. User
    Apr 23, 2009 at 12:23:06
    #3

    it’s really safe. feels good that now we can transfer money without worry. but why do i need to use netsecure code in 1-touch option only to see my balance or statement when i can do the same without even registering for it. i think it should be required at the time of actual transferring money only.

    [Reply]

  4. Manidhara
    May 22, 2009 at 14:33:43
    #4

    Does Netsecure SMS password required for tranferring
    funds through power transfer , if any body knows do let me know the answer..

    [Reply]

  5. Mohamed Vaseem A
    Aug 12, 2009 at 00:54:58
    #5

    I tried to transfer fund thru Third party fund transfer & it asked for a transaction password. When I entered it It got disabled due to invalid password. Please advise or help to find the correct password.

    [Reply]

  6. Hemant
    Aug 12, 2009 at 17:33:13
    #6

    Its good facility they r providing, but why customer has to pay for basic netbanking security..no other bank charges for it although they r providing such facility. I don’t mind paying charges for any additional security layer above basic security. Its banks full responsibility to provide to its customer the basic security, you can’t just charge for it. On top of it Axis bank is only bank who charges consolidation charges without any proper justification, again no other bank charges such consolidation charges,.

    Hemant

    [Reply]

  7. sharath
    Sep 18, 2009 at 07:35:07
    #7

    i love axis bank

    [Reply]

  8. Velukho
    Feb 2, 2010 at 19:00:58
    #8

    Thank You.

    [Reply]

  9. Raghu
    May 3, 2010 at 13:33:48
    #9

    The Netsecure 1-touch device costs 800 bucks. It’s free for their priority banking customers. It should also be free for normal account holders who maintain good average balances much above the stipulated 5k.

    The sooner they realise that customers are using other banks for their online payments, the better it is for Axis.

    So far, Axis has never pioneered anything…always been a follower. It’s an also-ran & taking a lot of time to move ahead from this mindset.

    [Reply]

  10. Namey
    Apr 13, 2011 at 16:22:21
    #10

    How do i change my number in the Netsecure Database?? I have lost my phone and changed my mobile number. I have been trying for the past 2 months.

    [Reply]

    KP Reply:

    contact iconnect helpdesk

    [Reply]

  11. Amit Shinde
    Jul 16, 2011 at 20:32:27
    #11

    Webpin service can’t be used on Linux devices or Android phones or tabs….
    so even when I want security I can’t get as most windows devices are affected with viruses…

    [Reply]

  12. Ramesh verma
    Mar 16, 2012 at 19:02:12
    #12

    I want to change my Mobile No for net secure password so many times i am trying but not done bank person

    [Reply]

  13. mahtab alam
    Jun 13, 2012 at 01:28:41
    #13

    dear sir
    ii am nri account holder of axis bank i used to access net bankin but now i am unable open because i forget web pin how to use this facility without web pin or change web pin ?
    regard
    mahtab alam

    [Reply]

  14. lari
    Jan 15, 2013 at 23:07:51
    #14

    Guys netsecure is also chargable for prority account holders. It’s not free. For me it rubbish axis bank policy. It should be free like hsbc bank who offers free netsecute device.

    [Reply]

  15. Sandeep Aravind
    Apr 9, 2013 at 11:49:39
    #15

    When I tried to login most of the time it showing “unable to generate secure hash” I’ m really fedup.

    [Reply]

    Bart Reply:

    Have the same problem all the time, the IT team of Axis bank are a bunch of useless low level developers

    [Reply]

    Raji Reply:

    I agree with you totally. been facing the same problem for quiet sometime and this happens every time i update my mac OS or the java. either there is a missing plugin or the verification of trusted certificates box doesnt pop up. the certificates goes missing from the java control panel. totally fed up and irritated n helpless

    [Reply]

  16. Vamshi
    May 9, 2013 at 11:33:07
    #16

    I am also facing the same issue.Most of the time it shows “Unable to generate secure hash”.

    What to do to solve the issue.

    [Reply]

    SUFI MAKSUDUL MANNAN Reply:

    Most of the time it shows “Unable to generate secure hash”.

    What to do to solve the issue.

    [Reply]

  17. Payal
    Jun 24, 2013 at 12:10:12
    #17

    I am also facing same problem after i have updated my java to 7. Please help me

    [Reply]

    Payal Reply:

    Did anyone get the solution till now? Do post it here. I am using 1 touch device

    [Reply]

    KP Reply:

    Payal uninstall java and install 6, this may help.

    [Reply]

  18. Murali
    Nov 5, 2013 at 23:02:19
    #18

    I am also fed up. Every time i login i get some problem. Minimum we need to spend everytime when we require to do online banking.

    [Reply]

  19. richard rebello
    May 15, 2014 at 21:28:53
    #19

    hi guys…. i was trying to de-register my computer from web pin. but its simply not working… plz help.. any other ways of de-registering my computer as im not able to logon to my account as it says de-register your computer n register again.

    [Reply]

  20. martin Laker
    Feb 26, 2015 at 16:09:06
    #20

    Colleague is getting “unable to generate secure hash” After Entering NETSECURE Number.
    It was working Yesterday!

    [Reply]

  21. masumam
    Aug 9, 2015 at 23:40:21
    #21

    netbanking always getting difficult for axis back.
    I am getting ‘unable to generate secure hash’ error very often. and the Java errors very regularly.
    Also the axisbank pages are very slow to login and browse.

    Compare with other banks, this is very worst.

    [Reply]

  22. SUNIL TIWARI
    Nov 9, 2015 at 16:22:16
    #22

    HOW TO CONVERT NET-SECURE ONE TOUCH DEVICE TO NET-SECURE WITH SMS

    [Reply]

  23. Prashant
    Nov 6, 2016 at 22:44:28
    #23

    i lost my Netsecure 1-touch device. what should i have to do

    [Reply]

  24. Parvinder Singh
    Jan 27, 2017 at 17:54:45
    #24

    i lost my Netsecure 1-touch device. what should i have to do

    [Reply]

  25. Prasun
    Jun 29, 2017 at 01:40:15
    #25

    Hi, my netsecure onetoch needed a battery change. Post which it is not showing any number just some random symbols.

    Has somebody come across something similar and was able to correct it.

    [Reply]

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