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Technology has made significant inroads into every sector, including the financial services sector like banking. The increasing use of mobile devices has led to the introduction of mobile apps specifically designed for certain purposes. A banking app is one among them, and it offers practically most of the services a bank provides. With more and more people using mobile phones, banks with the help of android banking app is successful in having more customers shifting to mobile banking services today.
When technology has restricted people going to banks and spending much time for banking services, it has in turn given a great opportunity to connect with customers in a better way. Today people love doing financial transactions at their convenience, and banks like IDFC FIRST Bank are trying to reach them by offering all possible financial products digitally through a net banking app. You can now manage your money easily using a banking app in several important ways by:
Linking all your bank accounts within the IDFC FIRST Bank Mobile app
One among the most prominent features of the best net banking app is it helps you to link your savings accounts with the same bank or different banks to get a quick overview of the balances. By having all your savings accounts in one place, you can manage your money by transferring funds between accounts instantly. Moreover, the app also enables you to start a free online bank account with zero balance and minimal documentation submitted online.
Smart categorization of bank transactions
The mobile bank apps such as IDFC FIRST Bank digital banking apps are not meant for just transferring funds, paying bills and saving money. Instead, they are designed to track expenses to help the user know where his/her money goes and budget carefully. The expenses incurred are categorized automatically, and when the payments are made, the app identifies the expense and assign it to the right category. This makes it easy to plan and reduce certain expenses.
Analysing your income and expenditure
With the best net banking bank app, you can analyse your income and expenditure and manage your money effectively. You have a chance to learn to spend money wisely based on your financial goal, as well as your income. Any excess money in your savings account can be invested to earn higher returns.
Setting reminders for bill payments
A major expense one comes across today is the late payment charges, which may erode your income in the long run. With an android banking app, you can set early reminders to pay your bills on time. Other than this, you can also set up the payment of both utility and credit card bills to pay them automatically on the due date.
Offering online investment options
With the IDFC FIRST Bank app, you can invest in mutual funds of various types such as equity and debt funds, large-cap, mid-cap and multi-cap. The other options include sovereign gold bonds, fixed and recurring deposit schemes, unit-linked insurance plans and initial public offerings.
The features mentioned above can help you plan and achieve your financial goal successfully.
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