Nowadays, an online banking app is very convenient, secure, and safe with powerful features. With the help of these online platforms, we can instantly access both our personal and business bank accounts at any time and from anywhere. These banking apps help us connect a UPI ID securely from our phones. We can update our Aadhaar details, download an e-TDS certificate and also apply for loans, savings accounts, credit cards, debit cards, and insurance by using an app.
Essential Features Of An Online Banking App:
- Easy Set-Up Process:
We can log in to the App using our Customer ID and Password. If we forget our Customer ID, it is straightforward to retrieve it via NetBanking. If we forget our password, we can select the ‘Forgot Password’ option.
A mobile banking app provides easy, safe, and secure access to us. We can quickly log in to our account with just our Customer ID. There is no hassle of remembering passwords or PINs to access our accounts.
- Simplified Banking:
With the help of an online banking app, we can check the real-time total account balance, fixed deposits, recurring deposits, credit card bills, utility bills, and many other things in one consolidated dashboard.
- Quick Money Transfers:
We can quickly transfer funds from one bank to another by selecting payment options like IMPs, UPI, or NEFT. We can also make instant payments by connecting our UPI bank account safely.
- Managing Cards:
Users can quickly apply for a credit card or a debit card by using a mobile banking app. Then, this app is useful for the credit card bill payment and block a lost or stolen credit card or debit card.
- Investment Tracker:
We can easily open, track, and manage fixed and recurring deposits using the investment tracker. In addition, some mobile banking apps are also giving an option to track the Demat account. Therefore, we can easily switch to their trading app for investing in the stock market by using an online banking app.
- Convenient and Effortless Bill Payments:
We pay utility bills, DTH bills, Electricity bills, Gas bills, and Mobile bills instantly by using an UPI bank platform. We can also set up automated scheduled monthly bill payments on the App.
Why Do We Choose A Mobile Banking App?
- Now customers can instantly open a new bank account through the Mobile Banking App.
- We can quickly set up ‘Favorites’ on the App for all our frequent transactions. We do not always need to add our debit or credit card payment details when we make any online purchase.
- After completing the transaction, we can easily send the payment receipts over any platform.
- We chose an online banking app based on the features available on the App. Cardless Cash is a unique feature that will enable us to send Cash from a bank account to anyone with a valid mobile number.
- Electronic Cash Management Services is a unique feature of all online banking apps. By using this system, large corporations can fix the problems of several customers like investors, dealers, etc.
There are other features available on Mobile Banking, like EVA chatbot support. We can now chat with EVA at any time to fix any issue instantly. Besides that, EVA can accept text input and listen to voice input.