5 features of a banking app that you must know
The banking sector is undergoing a revolution with smartphones and mobile applications making money transactions faster, safer, easier, and simpler. The digitally-driven customers of today want to carry out banking services whenever and wherever they want. The android banking app has made banking tasks convenient through net banking registration. The users can do almost all the banking activities on their mobile phones by downloading a banking app.
The IDFC FIRST Bank mobile banking app offers several features to its customers to suit their convenience, enhance their banking experience, and manage money easily. The all-mobile banking app is designed to have some money-management tools that enable the users to regulate expenses, save money, and invest in equity for higher returns.
Let it be any android mobile, a banking app allows the user to carry out multiple functions such as saving money, investing, accessing different accounts, account tracking, managing expenses, and paying bills on a single platform.
The IDFC FIRST Bank personal banking app focuses on improving consumer personal money management activities and tracking cash flow. It is possible with a comprehensive money management plan. To get these facilities, you have to download the IDFC FIRST Bank mobile app on your mobile phone and register your name with it. Once you have an access to the app, you can enjoy doing the following.
- Open a free bank account online
Using the IDFC FIRST Bank mobile app, a customer can apply for a bank account online for free. The digital process requires you to fill out an application form and submit it with the necessary supporting documents such as copies of a PAN Card, Aadhaar Card, and sample signatures. Your bank account gets activated after the eKYC verification, and enjoy various benefits like cashback offers, unlimited ATM withdrawals, and competitive interest on balances.
- Link all your accounts from one platform
If you have multiple accounts in different banks, you can link all your accounts from one place and access them easily. You can transfer money, check balances, track transactions and get an account statement instantly using the app. It also helps you invest money, checks the balances on your account, provides financial advice, and set alerts when you overspend.
- Offer the best investment options
The IDFC FIRST bank mobile app offers customized services and unique money-saving tools. Customers can manage their finances and save for their future using these tools. For example, you can choose the ‘invest’ option and make investments in mutual funds, debt funds, equity funds, gold bonds, FD, shares, and three-in-one investments on the app.
Further, the app can help you invest in the index, thematic, small-cap, mid-cap, large-cap, and multi-cap equity funds, short-term income, liquid, dynamic bond funds, and hybrid mutual funds through SIP.
- Convenient bill payment options
You can instantly pay any bills using QR codes on the IDFC FIRST Bank mobile banking app. It allows you to pay your credit card bills using a BHIM or UPI-enabled app. However, paying through a UPI QR code is the most secure way to pay your bills since it automatically shows the amount you need to pay, or you can also type the amount. With this convenient option, you can pay bills online easily.
- Get instant loans
The mobile banking app from IDFC FIRST Bank offers a range of personal loan options for its customers. You can get an instant personal loan for different purposes by submitting your details with essential documents. The loan application process is fast, easy, and convenient. You need to complete the eKYC process online. You can get personal loans at a lower interest rate in a few hours without collateral security. However, you need to fulfil the eligibility criteria and have a good CBIL score.
Further, the IDFC FIRST Bank mobile banking app also helps send alerts and push notifications to remind the customers about low balances and unusual account activities.