Digital baking has been advancing by leaps and bounds. Banks as well as their customers are adopting modern banking solutions delightfully. Banks are moving from traditional banking to digital banking; which is far better than traditional banking. Banks have dramatically improved their banking facilities to provide high-quality and reliable services to their clients. Digital banking brings your bank accounts at your finger tips; you can carry out almost all of your banking right from your home or office. Online banking service, helping banks to eliminate queuing system at banks branches.
In this post, we will be discussing the benefits of having a mobile banking application in a smartphone (android/ ios/windows/blackberry etc). Mobile banking app can be very beneficial in urgencies like; to send money to loved ones when they need money in an emergency, when you’re away from your home and want to know your bank account information, to block a credit card or debit card (if lost), to find nearest ATM or bank branch etc. Scroll down to know more about the benefits of having a mobile banking app in a smartphone.
Advantages of Mobile Banking Application:
1. Immediate Payment Service (IMPS)
2. Enquiry Services
3. Time Saving
- To pay credit card bills, utility bills, postpaid mobile bills
- To pay insurance premiums
- To book railways tickets, air tickets, cinema tickets, and bus tickets
- To recharge DTH
- To do online recharge for mobile numbers
- TO pay for online shopping
5. Safe and Secure
6. Link Other Accounts (Investment and Insurance Accounts)
7. Apply Credit Card, Debit Card, and Cheque Book
8. Open or Close Fixed and Recurring Deposits
9. Loyalty Points and Offers
10. Miscellaneous Services
Conclusion: Almost all banks indemnify all losses, charges, damages, costs, and expenses incurred without your due permission (read terms and conditions of using mobile banking app). So, enjoy a worry-free banking experience. Don’t share your bank details and MPIN with anyone in terms to protect your account against any fraudulent activity. It is advisable to follow all instructions given by your bank to safely use mobile banking app.
Disclaimer: Benefits listed here are for indicative purpose only. Your bank may or may not provide some facilities listed herein.