5 benefits of using a mobile app for a new bank account
The use of mobile banking services are increasing with more and more people embracing mobile technology. The latest report shows a significant increase in the volume of digital payments in India, which is 98.5 percent in 2020-21. Mobile banking is growing with a large number of smartphone users shifting to electronic payments and transfer of funds.
If you are one among those who want to open a new bank account on a mobile banking app, you should look for the app that offers the best customer experience along with the must-have banking app features. IDFC FIRST Bank mobile banking app is known for offering some key benefits to customers having a savings bank online account.
- Easy to navigate
The bank’s mobile banking app can be used by anyone as it has a simple and intuitive user interface, which offers easy navigation. The icons and elements are arranged in a way that are easy to find. The colour scheme used gives easy visibility, which encourages customers to use the app every time. The search functions enable the user to use shortcuts or type a query to access the app features easily.
- Open a savings account
The IDFC FIRST Bank mobile banking app is designed to offer unique features, which make it one of the best mobile banking apps. Other than the easy Internet banking registration, the banking app helps you open a free online bank account like a savings account with a few clicks. There are several types of savings accounts, and you can choose the suitable one.
For a free bank account, you can find the Basic Saving Bank Deposit Account with zero balance, offering decent interest rates and unlimited ATM transactions every month. There is the Senior Citizen Savings Account, which offers preferential interest rates on deposits, door-step banking, life-time IHO membership, etc.
You can also open a fixed or recurring deposit account on the app, and earn high returns. On the app, you can also view the FD or RD summary and close the deposit.
- Apply for a credit card
Most apps help you apply for a credit card online. Nevertheless, the IDFC FIRST Bank mobile banking app offers you different types of credit cards with attractive features such as lifetime free credit cards, never expiring reward points, low interest rates, no interest on ATM cash withdrawals and zero rewards redemption fee.
- Get an instant personal loan
The IDFC FIRST Bank mobile banking app offers access to a quick personal loan by applying for it online. The process allows you to submit necessary documents such as the copies of an Aadhaar Card and a PAN Card online, along with the personal loan application. If it is a pre-approved loan, it takes just a few hours to process and sanction the loan amount. One of the best bank apps, it also helps you avail a consumer durable loan, home loan, car or two-wheeler loan, and so on.
- Make payments easily
The banking app also helps you pay your bills and transfer funds easily and quickly. Through Unified Payments Interface (UPI), you can link your bank accounts and pay instantly. As for paying your credit card bills, you can pay them through multiple ways such as NEFT or IMPS and UPI payments. To transfer funds, you can use any of the methods like NEFT, RTGS, IMPS and UPI.
If you have just opened a new bank account on the IDFC FIRST Bank mobile banking app, you can enjoy the above-mentioned benefits.
