Are there any special security measures in place for RTGS transactions made through internet banking?
Curious about RTGS
Yes, there are special security measures in place for RTGS transactions made through internet banking. Banks typically require customers to use twofactor authentication, such as a password and an OTP (OneTime Password), to authorize the transaction. In addition, banks use secure sockets layer (SSL) encryption to protect the data transmitted between the customer's device and the bank's server. Banks also have various fraud monitoring and detection systems in place to identify any suspicious activity and take appropriate action to prevent fraud. Customers are advised to follow basic security practices such as keeping their login credentials confidential, avoiding public WiFi networks, and using updated antivirus and antimalware software on their devices to further enhance the security of their RTGS transactions.