ICICI Bank Launches India’s First Feature Lock Services for UPI, Net Banking, and Credit Cards

Introduction

ICICI Bank, one of India’s leading financial institutions, has introduced a groundbreaking feature to enhance the security and control of its digital banking services. The bank has launched the country’s first feature lock services for UPI, net banking, and credit cards. This innovative service allows customers to lock and unlock various features, providing greater security and flexibility.

What Are Feature Lock Services?

Feature lock services enable customers to selectively disable or enable specific functionalities of their banking services. This can include blocking online transactions, international transactions, ATM withdrawals, and more. By using this service, customers can prevent unauthorized access and reduce the risk of fraudulent activities.

Key Benefits of ICICI Bank’s Feature Lock Services

• Enhanced Security: Customers can secure their accounts by locking features they do not frequently use, minimizing the risk of fraud.
• Increased Control: Users have the flexibility to manage their account settings and transaction preferences easily through the ICICI Bank app or website.
• Convenience: The service can be activated or deactivated instantly, providing real-time control over account features.
• Peace of Mind: Knowing that specific features are locked can give customers confidence that their funds are protected.

How to Use the Feature Lock Services

Using ICICI Bank’s feature lock services is simple and straightforward. Customers can follow these steps:

1. Log in to the ICICI Bank app or net banking portal.
2. Navigate to the ‘Manage Services’ or ‘Security Settings’ section.
3. Select the feature you wish to lock or unlock (e.g., UPI transactions, international transactions).
4. Toggle the lock/unlock option to activate or deactivate the feature.
5. Confirm the changes and ensure they are reflected in your account settings.

Impact on Digital Banking

The introduction of feature lock services by ICICI Bank is a significant step forward in digital banking security. As more customers rely on online banking for daily transactions, the need for robust security measures becomes paramount. This service not only addresses the growing concerns about online fraud but also empowers users with more control over their financial activities.

Conclusion

ICICI Bank’s launch of India’s first feature lock services for UPI, net banking, and credit cards marks a milestone in the banking industry. By providing enhanced security, increased control, and greater convenience, these services are set to transform the way customers interact with their digital banking platforms. As a customer, embracing these new features can significantly enhance the safety and management of your banking activities.