How can a mobile banking app help you with personal banking?

The introduction of mobile applications has revolutionized everything we do today. You can book a cab, recharge DTH, buy food, and pay your bills without stepping out of your house. Business sectors, especially the banking sector, are leveraging mobile apps to offer better service and user experience to their customers. Through these apps, banks provide personal net banking services like deposit acquisition, issue of credit and debit cards, loans, and investments.

IDFC FIRST Bank through its mobile banking app offers retail or personal banking to help people save time. Here are some distinctive features an app offers to help you do personal banking.

  1. View or check your account balance

Most banking app users prefer to have a quick view of their bank account balances to help them manage finances. The mobile banking app from IDFC FIRST Bank gives you an option to link all your bank accounts with different banks or the same bank on a single platform. This helps you move funds from one bank account to another easily. It will help you avoid any charges for a low minimum balance in any of your savings or current accounts.

  1. Transfer funds

One of the most sought-after features of a banking app is the online transfer of funds through any of the methods like the National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS), and Real-Time Gross Settlement (RTGS). They are safe to transfer funds from person to person through bank accounts. IDFC FIRST Bank offers free online transfers for its customers having digital bank accounts. 

The mobile app allows quick money transfers or payments via UPI integration. It also helps you schedule the payments monthly or quarterly.

  1. Pay utility bills

The IDFC FIRST Bank mobile banking app can help you instantly pay your utility bills using the QuickPay option. For instance, you can pay electricity, insurance premium, gas, mobile phone or DTH recharge, and FASTag purchase and recharge. FASTag is a reloadable and Radio Frequency Identification (RFID) tag, which helps you to pay toll charges through your savings, current, or prepaid account.

Using the QuickPay option in the ‘Bill Pay’ tab, you can do a FASTag recharge instantly. All you need to do is choose the category ‘FASTag’, enter your mobile number, enter the amount you want to recharge and the bank account, check the terms & conditions, confirm the details, and verify the OTP received to complete the transaction. You can also conduct the FASTag balance check before or after recharging it. 

  1. Manage your debit cards

IDFC FIRST Bank also allows you to link your debit cards through its mobile banking app to facilitate easy use of them. The app helps you to set your daily purchases, withdrawal limits, and repayments. It also permits you to block the debit card if you have misplaced it, and unblock it if you have found it. 

  1. Get a personal loan

The personal net banking services of IDFC FIRST Bank include instant personal loans for eligible customers. The net banking app offers easy integration of a loan app on which you can digitally apply for a personal loan by submitting your personal details with essential documents. It takes just a few hours for the bank to process and approve the application. You don’t have to go to the bank; instead, you can complete all the processes online.

More and more people are shifting away from physical banking to online banking. If you are still looking for a reliable banking app, you are not disappointed. You can download the IDFC FIRST Bank mobile banking app for a distinctive personal banking experience on your smartphone now.     

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