(Update on 13th March, 2010: I get so many queries for SBI Mutual fund statements now, people leave their phone numbers, email address for their SBI MF statement. SBI, where are you??? )
I am surprised by the common mistakes done by our bankers and investors, I wish we could offer some help. Here is a small post about a common mistake. I have asked a few guys to pen down a detailed study of Indian online banking.
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Hell, CAMS on line is sending me information related to my SBI mutual fund, CAMS online, didn’t they get any better name? You expect me to click on something like CAMS in the world of spams and viruses? Where is the name SBI in the domain name ….
What if I book a domain with sbimutualfunds.com?
I see that most of our Indian financial companies have many domains like statebankofindia.com, sbimf.com, onlinesbi.com, statebank.com, sbicard.com and God only knows what all … Now what if I book a domain like sbimutualfunds.com? How will your customer distinguish between a genuine sbi website and a fake one. So all the sbi related websites to be redirected to sbi.com … Proper use of subdomains can build trust among the customers like mf.sbi.com card.sbi.com …. when I see that the domain name is sbi.com, I am more open to accept the domain name.
Grow up Indian banking and investment industry, there is a lot to be done at security level. I will write a detailed one. I see HDFC doing a great job with online security.
Are you interested in learning about common online banking mistakes?
I have taught many about common online banking mistakes. If you are interested in knowing more about how you can avoid the common fraud traps, please leave a comment here and I might post you the online security document.