System Description of the NIC Online Banking Services.

The NIC Online Banking product is a web based robust, easy to use and secure electronic banking system.

With NIC Online Banking, you can restrict access to certain accounts and control the movement of funds from your accounts. To use NIC Online Banking all you need is a PC and access to the Internet. NIC Online Banking has a strong focus on ONLINE SECURITY to ensure that you undertake online transactions without intrusion.

We have taken stringent measures to ensure that only you can gain access to your accounts. We usually confirm your identity when you transact at any of our service delivery centers and thus need to take the same precautions when you transact electronically. It is important that any information we pass to each other over the internet is secure.

NIC Bank has implemented appropriate security controls that make NIC Online Banking completely secure. We offer the following levels of service to meet your business needs:
 

Retail Banking (Private Customers)

NIC Bank has invested on NIC Online Banking as a delivery channel. NIC Online Banking enables our personal customers to undertake normal banking transactions from the comfort of their homes or offices. Through NIC Online Banking you can access your account balances and transaction details, order a chequebook, make payments etc.

Corporate Customers (Companies)

NIC Online banking as a delivery channel can now avail a number of reporting and transaction based facilities. These include account balance and transaction details reporting, cheque inquiry, cheque stopping, cheque book and bank draft ordering, payment transactions, etc
NIC Bank hosts customer data in fully secure, hardened facilities designed to withstand natural and man-made disasters. Some of the security measures we have incorporated in our solution include:

User Authentication – You are required to visit your branch of NIC Bank to receive your profile number and PIN before you can start using NIC Online Banking. This is to ensure that this information is handed over to the correct person. When you first use NIC Online Banking, you enter your profile and authenticate it by punching in your access code, user name and password. You are required to change your password at this point. NIC Online Banking will terminate connections which are unattended for a defined period of time. NIC Online Banking will also lock you out if you try out logging in with a wrong password more than three consecutive times.

Encryption – all information exchanged through NIC Online Banking is encrypted to protect it from unauthorized people. Encryption converts meaningful information into something meaningless to those without the authority to view it. NIC Bank Internet Banking is based on a 128-bit SSL encryption key, the highest level of security.

Site Certificate – to ensure that you are at the genuine NIC Online Banking location, make sure you can see the VeriSign digital certificate and that you are at the secure https site. To use the facility always check that the certificate is valid.

Firewalls – This is a barrier between a sensitive internal network and the internet. NIC Bank's state of the art firewalls protect our computers and your data. This is reinforced by other high security measures designed by experts and regularly reviewed by specialists.

Internet Connectivity - NIC Online Banking uses modern connectivity providing our customers more than enough bandwidth to support high-speed access.

Secure Access - Each Internet Banking server has multiple levels of security, including around-the-clock security staff, continuously monitored security, surveillance to ensure your equipment and applications are safe, secure and protected.

Secured Cabinets - All customer data are placed in secure racks or cages and are accessible by customer-authorized personnel only.

Cooling Systems - Every HVAC system for NIC Online Banking is monitored to ensure continual optimal environmental conditions.

Redundant Power Supply - Redundant power, uninterrupted battery back up, and generator guarantee continual systems operation.