Mobile phone applications have changed our lives from communicating, reading, shopping and studying to banking and investments. When mobile technology has helped people in the society get connected easily, it has also helped them perform a number of activities without moving out of a place. Among several activities, online banking is the one that has revolutionized the way people conducted financial transactions earlier. With an online internet banking app, banks offer the user a distinctive customer experience.
Here are some brilliant ways a mobile banking app helps you.
- Open a bank account
With IDFC FIRST Bank’s internet banking registration, you can open a zero balance savings account and enjoy the benefits of it. When you open a zero-balance account, you don’t have to maintain a minimum balance. Apart from this, you are offered decent interest for the balance you have in your savings account.
- Manage your bank account efficiently
The main objective of using an online banking app is to manage your bank account and transactions in the most effectual way. IDFC FIRST Bank net banking app helps you link multiple bank accounts of different banks on the single platform and manage them in an effective way. If you already have an account in the bank, you can utilize the internet bank app download option to download the summary or statement of your various bank accounts and track the expenses.
A banking app is made to support different banks and financial institutions and enable the transfer of money easily between different accounts.
- Make investments
The IDFC FIRST Bank’s online internet banking app offers a convenient platform for the user to invest in different mutual funds or equity schemes. With the experienced fund managers, the bank takes care of your investment and helps you with high returns.
You have enough options to invest in mid-cap, small-cap, large-cap, thematic index and multi-cap equity funds. Apart from this, there are short-term, liquid, income and dynamic bond funds, and hybrid mutual funds, which you can choose to have through a systematic investment plan (SIP). You can even choose to trade by setting up a 3-in-1 account, and deal in currencies, commodities and equity.
- Apply for an instant personal loan
One among the most significant ways to using IDFC FIRST Bank’s mobile app is to apply for an instant loan to meet any of your urgent needs like marriage, home renovation, education, medical requirements, and buying consumer durables. The documentation for an instant loan is minimal and paperless. Moreover, you do not require any collateral security for the loan. If you are new to the app, IDFC FIRST Bank net banking new registration will help you log in and activate your account on a mobile.
- Use UPI-enabled payment option
A banking app is featured with a UPI-based payment option, which allows you to conduct transactions and payments instantly. Using a BHIM UPI app, you can pay your bills, transfer money to another account and invest in equity or mutual funds.
Moreover, the IDFC FIRST Bank’s mobile banking app safeguards your data with comprehensive security features such a biometric authentication and verification of physical metrics.
