Personal Finance Made Easy: How Top Banking Apps Can Simplify Your Life?

The domain of personal finance has undergone a paradigm shift in the last few years. The common person’s interaction with banks has simplified over the years. From real-time electronic fund transfers to opening a bank online account, banking services nowadays rely heavily on technology and digitisation.

The rise of technology, along with the increased usage of digital services, is redefining the way modern bank functions. You don’t have to visit your bank for daily banking activities. Thanks to online banking, you can check your account balance on your smart device.

Online Banking is Streamlining Payments

It is pretty normal that you pay multiple times in a month for electricity bills, water bills, DTH recharge, etc. Usually, there are numerous payment methods that allow you to accomplish this. But with the top banking apps, you can make all these payments from a single application. Moreover, there is no need for you to wait in long queues to settle your electricity bills and credit card dues.

Simplifies Management of Your Finances

One of the key highlights of opening a bank online account is that it lets you simplify your finances. For instance, the IDFC FIRST Bank mobile app provides unique features like a summary of your monthly cash flow, personal finance management statements, etc. The app also serves as a one-stop solution for addressing your personal finance needs. You can even invest in mutual funds right from the mobile app.

Transfer Funds without Visiting Your Home Branch

There are situations when you need to transfer funds to your loved ones or business partners for several purposes. However, transferring funds by visiting your home branch is not always feasible due to commitments and time constraints. This is exactly where net banking services can come to your aid.

The IDFC mobile banking facility offers online banking facilities for retail and business users. You can make bank payments through RTGS, IMPS, or NEFT payment services. Another key highlight of transferring funds via net banking is that it lets you set your transaction level limits.

The Key Features of a Mobile Banking App

The main objective of a mobile banking app should be to address the requirements of the users. Ideally, an online banking app must come with the following features.

  • Add funds instantly from savings and current accounts
  • The auto-pay feature ensures that you never miss bill payments
  • Manage your upcoming spends
  • Allows users to open a Fixed Deposit account with a few clicks

Ease of Investing Online

The best mobile banking apps for Android allow you to invest online in mutual funds, stocks, recurring deposits, etc. Moreover, you can check, redeem, and increase the limit of your investment anytime based on your convenience. So, with the best banking app, you can stay on top of your investments and secure your future finances.

Final Thoughts

So, these are some ways in which mobile banking apps are streamlining our personal finances. If you want to keep track of your finances and investments, download IDFC FIRST Bank’s mobile application today. Through this application, you can check your existing balance in the savings account and transfer money seamlessly.

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