Knowing these 5 uses of a mobile banking app will help you

banking app

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The increasing use of smartphones has led most banks and financial institutions to help their customers carry out banking transactions on a mobile app easily. The customers can use the unique features of an open banking app to manage money effectively. The IDFC FIRST Bank mobile banking app, which is multi-featured, offers enhanced user-experience to its customers. They can conveniently do any banking activities through the app from the comforts of their home.

1. Open an online account

By using this digital banking app, the users can open an online savings account through simple steps without visiting the bank’s branch. When you open a new account through a mobile banking app, you are benefited in several ways like unlimited ATM transactions, a zero balance account, a higher interest rate for the amount you hold in your new account, and complimentary vouchers.

2. Manage all your account on a single platform

The purpose of using the integrated online bank transfer app of IDFC FIRST Bank is to manage your bank accounts on a single platform. You can link all your accounts of different banks through this app and access and transactions in the most effective way from a single platform. If you have an account in the IDFC FIRST Bank, download the app on your mobile, link all accounts and transfer money from one account to another, and do other banking activities conveniently.

3. Check and track account balances

IDFC FIRST Bank facilitates its customers check their account balances on their mobile through this check account balance appfeature. Its mobile banking app is a one-stop shop for all banking needs that you can check account details, get mini statements, monitor payments and receipts, and lots more. This user-friendly application helps the customer to make RTGS/NEFT transfers, check account summary, pay bills, and recharge DTH.

4. Make investments and earn money

Through the IDFC FIRST Bank mobile banking app, you can invest in securities through the investment app. It helps you to invest in various types of mutual funds like mid-cap, small-cap, large-cap, thematic index, multi-cap equity funds, short-term investments, liquid, income, and dynamic bond funds, and hybrid mutual funds. Thus, the online banking app allows customers to earn through different investments. You can also invest in stock trading, FD, and RD.

5. Pay all your bills

A mobile banking app also makes it possible to make bill payments through the UPI App. The customers can pay their credit card bills and utility bills like electricity and gas bills instantly through the app. Using a BHIM UPI app, you can make payments and set reminders.

The updates and other alerts sent on your mobile will help you know all your banking details. The biometric authentication, verification process of physical metrics, and comprehensive security features on the IDFC FIRST bank mobile bank app safeguard all your sensitive data. Thus, you can make payments, do tractions, and check the account balances on your mobile from anywhere and at anytime.

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