Q- What are the advantages of Digitally Signing Online transactions?
A- Digital Signatures impart confidence and comfort to both the customer and the Bank, since it provides the following features:
Authentication: Confirmation that the message is sent from legitimate user.
Data confidentiality: Assurance that message is inaccessible to third party.
Data Integrity: Confidence that the message has not been altered in transmission.
Non-repudiation: Certainty that a customer acknowledges and is committed to being the
originator of a message thereby not being able to dispute or repudiate the validity of the message.
The Digital 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 Signature issued by licensed Indian Certifying Authorities.
Q - Why does a customer need to submit documents for procuring a Digital Certificate?
A- Digital Certificate has almost the same importance in the digital world as your Passport or PAN card does in the physical world. Therefore, all information displayed on your digital certificate needs to be verified before the certificate can be issued.
Q - What kind of Digital Certificate should a customer procure for use on the IDBI Bank
Corporate Net Banking platform?
A - The Digital Certificate that can be used on IDBI Bank Internet Banking is strictly USB-token
based. No other forms of digital certificates like web based, browser based are acceptable for use
Digital Certificate
(Fresh purchase/renewal)
2 Years 3 Years
Per Unit Cost of Class II DSC 600/- 1000/-
Per Unit Cost of Class III DSC 1100/- 1500/- on the Bank’s Internet Banking platform. Also, Digital Certificates should be a Class II or Class
III standard. Digital Certificates below Class II standard would not be acceptable for use.
Q- Where can a Corporate purchase a Digital Certificate?
A - Digital Certificates are issued by a valid Certification Authority (CA). Customers can
procure USB-token based Class II / Class III digital certificates from any of below mentioned
licensed Certification Authorities (CA).
• E-mudhra Consumer Services Ltd.
• Safe Script
• TCS
• MtnlTrustline
• nCode Solutions
• NIC
• IDRBT
The digital certificate should mandatorily be a USB token based which is FIPS compliant. In case the customer desires to access and transact the Net Banking site from some other computer, the same USB token digital certificate should be used for making a transaction.
0 comments:
Post a Comment