6 ways a banking app can make you smart financially
With the best money management, you can reduce spending, improve investments, enhance saving, secure your future, and achieve financial goals. Several mobile banking apps are available online to help you with the best financial management assistance. The IDFC FIRST Bank mobile banking app is one of them to help you open an account and manage personal net banking activities. By using the app, you can save, manage, track and invest money online.
How does a banking app help manage your finance?
To use the services of the IDFC FIRST Bank mobile app, the user has to download the app from the Play Store or App Store and install it on their mobile using the user ID and password provided in the Welcome Letter.
The users can open a bank account of their choice, whether a savings account, business account, current account, retired people’s account, student account, or special account for women. They can use the account to carry out money transactions like making payments and receiving funds through money transfer services offered by the IDFC FIRST bank mobile app.
Some of the user-friendly banking features that help manage your finance are:
- Open bank accounts online
You can open a bank account online based on your needs. The use of advanced technology helps you complete the KYC verification on the app after submitting your details and supporting documents. You get to enjoy several ebanking services through your digital account. The process of opening a bank account is quick and does not involve any paperwork.
- Manage multiple bank accounts
The IDFC FIRST Bank mobile banking app allows you to link all accounts on a single platform. The account linking option helps add accounts of different banks to the app. You can switch between bank accounts, make payments, check balances, and get statements without multiple log-ins.
- Manage bill payments
The mobile app has options to help you register bills for presentment and make the payment instantly. You can view and pay bills and opt for quick payment options. The user can also generate a statement showing the transaction history to view the payments and transactions for the past six months. The app offers online payment methods like NEFT, IMPS, and UPI to pay utility bills such as LPG, electricity, water, internet, FASTag, and DTH using the UPI facility.
- Get investment solution assistance
You can have the best investment solutions such as mutual funds, gold bonds, Demat trading accounts, investment-linked insurance plans, Atal Pension Yojana, and deposit schemes via the IDFC FIRST Bank mobile app. They help you grow money and have a safe retirement.
- Secure your future with insurance
The mobile banking app also offers several types of insurance to secure customers’ life. They can purchase insurance plans like life insurance, health insurance, car insurance, and term insurance on the IDFC FIRST Bank mobile banking app and pay the premium online easily. The regular updates on the insurance premium dues and maturity dates help you manage all insurances on the same platform.
- Get your choice of a credit card
You can also apply for a credit card and get a credit for 48 days for the things your purchase on the card. You can choose a credit card based on your eligibility and use it for different purposes such as making online payments, staying at a hotel, and paying restaurant bills. Apart from purchasing, the user can utilize this card for cash withdrawals.
These are the best features offered by the IDFC FIRST Bank mobile banking app that help customers have a seamless banking experience.
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