Customers sometimes find it difficult to choose an e-banking app that caters to their various banking needs. A good banking app can save on a lot of time and provide a bouquet of services under a single interface. To help you choose the few best e-banking apps of India in 2023. we have given a quick checklist in this article
- Choose the right savings account
Customers must begin by choosing an efficient savings account. An efficient savings account is the one that helps you grow your savings steadily and earn more. IDFC FIRST Bank Savings Account also offers unique “Zero Fee Banking” on 28 commonly used services related to. savings account, i.e., free of cost services like IMPS (Immediate Payment Service), NEFT (National Electronic Funds Transfer), ATM transaction charges, chequebook re-issuance charges, SMS alert charges and more
- Assess the bank’s customer services
Your bank must offer high-quality customer services through its e-banking app. Customers generally find it difficult to resolve problems online when using a bank app with poor customer service. IDFC FIRST Bank’s mobile app offers a superior access to customer services while prioritizing an instant resolution of problems. The bank also prioritizes instant query redressal.
- Prioritise an app that has more money transfer features
Most mobile banking services offer a single money transfer feature, especially since the advent of the Unified Payments Interface (UPI). IDFC FIRST Bank offers two money transfer features – Auto Pay and One-Swipe Pay. By alternating between two or more features to transfer money online, you can avoid an over-dependence on a single feature. By doing so, if one of the multiple modes does not function well, your financial priorities will not take a hit.
- The app should allow you to invest
Once you have saved a considerable sum through your savings account, you should invest it in a lucrative scheme. Apps such as the IDFC FIRST Bank mobile banking app allow you to directly income your savings in investment schemes through the app. You can see all your investments through the app, change your investment amount and exit from an investment scheme. Besides investment, the app must allow access to other features like opening a fixed deposit (FD) account.
- Choose an app that helps you budget well.
IDFC FIRST Bank’s app also has the “Track Your Expenses” feature. This feature helps customers categorize their previous expenses on the app based on various expense categories. Furthermore, customers can infer learnings from this feature to curtail their future expenses. Features like Track Your Expenses help customers budget better for their future expenses and help them save more in the long run.
- Instant loans must be available
Mobile banking apps that offer instant online personal loans are preferable. While applying for an instant personal loan, you only need to provide the required documents online and fill out a loan application form. This feature can help you access a sizeable fund instantly without physically visiting the bank. IDFC FIRST Bank’s mobile banking app offers instant online personal loans for a loan amount of up to ₹1 crore.
By checking off all the items on this checklist, you will surely be able to choose the best e-banking app in India.