A convenient, safe & secure mobile banking app is the one-stop solution for those who are always banking on the go. It is beneficial for instant fund transfer, bill payment, online recharge, and, most importantly, managing multiple accounts by using a single platform. Therefore, we can now easily access both our personal and business bank accounts securely from the comfort of our homes. Many people indulge in mobile banking platforms to get customized alerts, quick access, a dashboard, multiple card management features, an investment tracker, etc.
Best-In-Class Features Of A Mobile Banking App:
➤Quick Set-Up Process:
We can download and log in to the app using our customer ID and password. There is no separate activation process, and if we forget our customer ID, we may retrieve it via net banking. We can also recover our forgotten password by selecting the ‘forgot password’ option available on the app.
➤Safe & Secure Access:
The online banking app has a simple and user-friendly interface. Therefore, we can quickly log into our account with just our touch id. We do not need to remember our passwords or PINs to access our accounts safely.
An online mobile banking platform allows us to view real-time total account balance, fixed & recurring deposits, credit card bills, utility bills, and more in one consolidated dashboard. So now we can enjoy a simplified banking experience with the app.
➤Easy Money Transfers:
Nowadays, we can quickly transfer funds from one bank account to another with the app’s help by selecting payment methods such as NEFT, RTGS, IMPS, BHIM UPI, net banking, etc.
➤Managing Credit Cards:
The app helps us to apply for a credit card online with minimal documentation. We can also pay credit card bills and even block a lost or stolen credit card with the help of the virtual mobile banking platform.
➤Availability of Investment Tracker:
Users can easily open and manage fixed deposit and recurring deposit accounts and also track their previous investments by using the investment tracker available on the app. At present, most online banking apps have their own securities platform. Therefore, it allows users to open a Demat account and instantly start their stock trading journey.
➤Convenient Bill Payments:
We can effortlessly and conveniently pay all the utility bills, DTH bills, electricity bills, gas bills, and mobile bills using a single payment platform. The app also works as a UPI bank and allows us to set up automated scheduled monthly payments.
➤Account Opening & Set-Up:
Users can now instantly open a savings bank account through the mobile banking app. They need to open the app and select the account opening option. They can easily set up favorites for all the frequent transactions they make, and there is no need to add payment details repeatedly.
➤Cardless Card & eCMS:
Cardless cash is the new feature on the mobile banking app that enables customers to send cash to other accounts with a valid mobile number. The introduction of eCMS or electronic cash management services is a specialized online payment feature for all large corporations with fixed-set customers, including dealers, investors, etc.
Customers can now chat with the chatbot available on the online banking app at any time for instant solutions. EVA is a new chatbot feature that can accept text input and listens to voice input when users tap on the microphone in the English language.
Presently, the app gives us chat support and provides other essential services. Some benefits include downloading the e-TDS certificate, updating the customers, Aadhaar details, applying for instant loans and credit cards, opening savings accounts, buying a new insurance policy, etc.