When financial transactions were carried out through SMS in 2002, the concept of mobile banking started in India. Right from checking your account statement to making a bill payment, everything is done by just a click of the mouse/button. Internet banking was already aiding those who found no time to visit the bank branches.
A banking app has made it more accessible and convenient for the users. Almost every bank and non-banking financial companies (NBFCs) have a mobile app.
Following are some of the front-runners in the digital banking app category:
A banking app has made it more accessible and convenient for the users. Almost every bank and non-banking financial companies (NBFCs) have a mobile app.
Following are some of the front-runners in the digital banking app category:
- DBS Digibank: Want to join the #unbankit revolution? Then Digibank is your go-to banking app. DBS through their Digibank services offers a plethora of facilities with the most crucial one being opening an account without any paperwork, signatures or visit to the bank. All you will require is an Aadhaar or PAN card to open a digisavings Also, get all your bank queries answered through their virtual assistant that is available 24*7. It also comes with high safety standards and is available for download on all Android as well as iOS phones.
- HDFC Bank: This mobile app allows you to view your account summary, transfer funds, make all kinds of bill payments, etc. Users can also customise the ‘My Menu' tab where all the essential services are in the offing. The HDFC banking app is available in Hindi as well. They also have a ‘LITE’ version which makes it compatible with those using lower internet speed. However, it does not contain all the features that the regular app contains.
- ICICI Bank’s iMobile: ICICI bank’s app enables the users to open fixed deposits and recurring deposits. You can also manage your insurance schemes with ease. You can also locate the nearest ICICI bank ATM, move cash using UPI medium,
- Axis Bank: Another leading game changer in the digital banking app category is the Axis bank’s axis mobile application. Apart from the usual fund transfer and summary of account statement, you can also schedule your credit card payments. You can also convert your payments to EMIs. Also, Axis bank allows you to close your debit card and set a limit on purchases using a debit card. The axis bank app is also social-friendly as you can tweet feedback. In case of any query, you can also request for a call with the customer care.
