Thank you everyone for stating your valuable opinion. I am using online banking for a few months and really really liking it, its very convenient. And as for added security i am thinking to open a secondary account with a bank where i will keep small amount of money and do all kind of online transaction form this secondary account so if something does happen i hope i won't feel like thunderbolt hiting my head
( My bank expressedly said if something unfortunate happen bank won't take responsibility and advised to never share passord etc and some general security measure which i already know
) Also as i stated in my first post all the bank in india offer added security by giving a instant 8 digit password in my mobile phone which i have to enter to make a transcation possible. So even though a hacker get my password and log in id they won't be able to do anything because they won't have my mobile with them right?
Only concern is what would happen if banks server got hacked and something happen from their side ( when i asked them about this they said never to worry about that and their attitude is like they are unbeatable. Can you believe it?)