How convenient is a mobile bank app for personal banking?
Smartphones have revolutionized the way we communicate today. And now financial institutions, including banks are leveraging them to help their customers do banking better than before. From retail banking to deposit acquisition and wealth management, mobile apps are the new way people want to save time while managing their money.
A mobile banking app has grown to become one of the most sought-after apps by people owing to the competitive features it holds. The IDFC FIRST Bank mobile banking app can be used effectively for personal net banking to:
1. Check or view your account balance
This has turned out to be the most important feature! An overwhelming majority of users use a banking app to view their account balances. With thepersonalInternet banking app of IDFC FIRST Bank, you can link all your bank accounts with the same or different banks, and view or check the balance. You do not have to shift between different bank accounts; instead, access them on the same platform.
2. Open a savings bank account
Using the mobile banking app, you can open a savings bank account online in a few minutes with best personal bank in India. All you have to do is to give your mobile number, email address and Aadhaar card and Permanent Account Number (PAN) details for verification. After filling in a form with your personal and other related details and submitting it, along with the Aadhaar card and PAN copies for KYC verification, you can open a savings account. It also allows you to open a fixed or recurring deposit account and maximize your returns.
3. Transfer funds
There are various options available on a net banking app to transfer funds. With the Immediate Payment Service (IMPS) or National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS), you can transfer funds safely online. The application also allows you to schedule the payment monthly or quarterly. The UPI-based app enables you to transfer funds instantly through secured net banking login.
4. Manage your debit card
With the mobile banking app of the best bank for personal banking, you can have access to your linked debit cards and set your everyday purchases and withdrawals limits. In case you have misplaced your debit card, you can block it until you have found it. The app also allows you to block the card permanently and apply for a replacement.
5. Apply for a personal loan
Most banks help customers with an instant loan. The personal internet banking facility enables you to apply for a personal loan easily by filling out the application form and uploading related documents. Once the verification is successfully completed, the loan amount is credited to your account. The mobile banking app helps you save time and effort going to the bank.
6. Pay your bills easily
With the IDFC FIRST Bank’s personal net banking app, you can make sure that you pay your credit card bills on time. All you have to do is to set up the electronic payment on the app entering the desired amount to be paid and the schedule. The app sends you reminders when the bill is due and notifications after the payment. You can also make payments through funds transfer via BHIM UPI payment app, NEFT or IMPS.
7. Make investments
The multipurpose banking app is loaded with features to help you manage your money intelligently. You can choose to invest in mutual funds, gold and commodities. The user-friendly tools on the app enable you to open a 3-in-1 account and trade on equity, currency and commodity.
The number of users that rely on the IDFC FIRST Bank mobile banking app is increasing. If you are left out, it’s time you download it on your smartphone for the best personal banking experience.