IDBI Bank Introduces Digital Signature based 2-Factor Authentication (2FA)
Safeguard your Internet Banking transactions from online frauds
Dear Corporate Net Banking User,
In our constant endeavor to make your Internet Banking experience more safe and secure, IDBI Bank has introduced "TranSecure - a Digital Signature based 2-Factor Authentication (2FA) solution" for its Corporate Internet Banking users.
Every Corporate Internet Banking user now has an option to procure and use a USB token [Federal Information Processing Standard (FIPS) compliant] based Digital Signature Certificate to validate and digitally sign financial instructions initiated through the corporate online banking channel.
Digital Signature Certificates which are powered by Public Key Infrastructure (PKI) are accepted world over as industry best practice for ensuring digital authenticity, accountability and non-repudiation in electronic transactions. The Information Technology Act (2000) provides legal recognition in India of Digital Signatures issued by licensed Indian Certifying Authorities (CA).
The 4 simple steps involved for availing the Digital Signature Certificate based 2FA facility are listed below:
Step-1: Procure a Digital Signature Certificate from any licensed Certification Authority (CA)
- Corporates are required to procure a (FIPS complaint) USB token based Class II or Class III Digital Certificate for their authorized users. The certificates may be procured from any of the 7 licensed Certifying Authorities in India (details available on www.cca.gov.in/).
- An existing and valid USB token based Digital Certificate may also be used, provided the same is intimated in writing to the Bank by the Corporate Entity.
Step-2: Submission of Application Form
- Post-procurement of the Digital Signature Certificate, an application form (specimen attached) needs to be duly filled and submitted (on company letter head) by the Corporate Entity and submitted to the Relationship Manager of the Bank.
- A notification (via SMS/E-mail) is sent to each of the users listed in the application form to register online and upload their digital certificates on the Corporate Internet banking site.
Step-3: Certificate Enrollment by Corporate Net Banking User (One-time activity)
Step-4: Certificate Verification and Enablement by the Bank
- Each user of the Corporate is required to login and enroll/ register their digital signature certificates by logging onto net banking application with their existing credentials under the following link:
|Corporate Log in Customize Digital Signature Certificate Enrollment
Please note that the Digital Signature based authentication feature is an addition to the existing authentication credentials of USER ID and Login / Transaction Passwords.
- After a verification activity to ensure that the uploaded information matches with the mandate provided by the Corporate, the user is enabled to use the digital certificate for digitally signing the online transactions.
- Once the digital certificate information is updated in the Bank’s system (Step-2), Funds Transfer rights of the user will be temporarily suspended and be restored only on the completion of Step-3 and 4.
The below given links explains the registration process, FAQs and also the Enrollment Form to be duly filled and submitted to the Bank in order to register your Digital Certificate:
Frequently Asked Questions
Digital Certificate Enrollment Form
We urge you to immediately opt for the facility, so as to ensure that your online transactions take place in an enhanced secure environment.
We look forward to your co-operation in helping us to serve you better.
Security Information: DO NOT reply to any fraudulent phishing emails purportedly sent by IDBI Bank or other authorities asking for your Login ID, Password(s), account details etc. for registration of TranSecure feature or for any other reason. Please beware of such fraudulent mails, asking you to provide or update such information on a website or by clicking on a link within the email. We take your personal information seriously and will never ask for details about your Account / PINs or Passwords over the email. The Bank is not responsible for any fraudulent transactions due to compromise or inadvertent disclosure of account related information.