Since UPI (Unified Payments Interface) transactions changed our banking habits, most of us access our savings accounts through a mobile banking app. Mobile apps are undoubtedly the best means of accessing a savings account in India since they offer superior access to all banking services. Let us understand the benefits of using mobile apps to access one’s digital savings account in India today.
Digital savings accounts help customers save more
Let us consider IDFC FIRST Bank’s Zero Fee Banking feature. This feature helps customers save a considerable sum by waiving off 28 commonly-used savings account service charges . These services include NEFT (National Electronic Funds Transfer) charges, SMS alert charges, Balance Certificate issuance charges, and Demand Draft pay order issuance charges. You can also check your savings account limit online without any hassle. Furthermore, with IDFC FIRST Bank, you can open a bank account for interest rates that can help in building up sound savings. Additionally, the bank provides monthly interest credits to customers. Most digital savings account offer similar features that help customers increase their savings.
A mobile app helps customers better access customer support
Banks offer quicker and more efficient query redressal through their mobile banking apps. IDFC FIRST Bank’s mobile app makes its customer service more accessible than ever and resolves customer queries in limited time intervals. You can address a query related to any banking service directly to customer support through a mobile app.
Customers can view and manage their credit and debit card details using an app
Lifetime-free credit cards are very popular today. IDFC FIRST Bank, too, offers them and allows customers to track them conveniently through its app. Before signing up for a credit card, you can use IDFC FIRST Bank’s credit card EMI calculator to know the details of your repayment schedule in advance. Doing so can help you better plan for your future expenses.
Banks facilitate online account openings through their mobile apps
You can open an instant online bank account through the IDFC FIRST Bank mobile banking app. Furthermore, customers who opt for these accounts can benefit from special features like Zero-Fee Banking to increase their savings. An online account opening requires minimal documentation and does not need the customer to visit a bank branch in person.
Mobile apps facilitate secure access
All the access that mobile apps facilitate is secured. Thanks to a series of notifications issued by the RBI (Reserve Bank of India), banks have focused on making their applications safe to use. IDFC FIRST Bank customers can opt to secure their bank accounts with additional layers of security. Features like ‘Auto Pay’ and ‘One-Swipe Pay’ are secure online fund transfer modes that help customers quickly transfer money online. You must choose a mobile app that offers safe access to all banking services.
Netbanking, too, is an easy way to access your savings account. However, mobile apps are more accessible and secure as compared to netbanking today. Banks like IDFC FIRST Bank allow customers to secure their savings accounts by opting for a biometric login.