Banking is getting easier by the day as you no longer have to visit banks to conduct simple transactions manually. Users can also avoid going to the ATM, withdrawing cash and then paying the concerned person. Instead, internet banking systems can be used to increase the convenience of doing the same.
The introduction of mobile banking has further simplified this process, as now you can conduct any transaction straight from your smartphone. Most recognised banks in India have launched specialised mobile apps, which aid in the banking procedure. Here are some of the important advantages of mobile banking, which you should take advantage of.
1. Visiting banks no longer mandatory
Previously, customers had to go to the bank or the ATM to withdraw the cash. They also had to travel to the bank in case they wanted to deposit money into their account. However, this is no longer required for internet banking through a mobile app. You can just download the app for free and access your bank account from the same. All transactions can be concluded from this particular program, saving your precious time and money in the process.
2. 24x7 availability
Banks are open for a particular period of time each day, between Monday and Saturday. However, these institutions remain closed on Sundays and some public holidays. The mobile banking apps though can be used at any time from anywhere. The services are available 24-hours a day, 365 days a year. So, you no longer have to worry about banks remaining open or closed for conducting these transactions.
3. Reminders for bill payment
The apps are designed to remind you of any utility bill payments that you need to make. This is a helpful feature, as it prevents you from forgetting important dates for bill payment. Mobile alerts are used for reminding customers, and these are issued by the bank itself.
4. Balance inquiry
The balance in your account is something that you need to check constantly if several transactions are conducted throughout each month. Normally, you would have to visit your nearest ATM for this information. However, with these mobile apps, balance inquiry is now available in the tips of your hand. Simply log into the account and select the account information or balance inquiry option, to get a distinct knowledge of your savings.
5. Cheque book request from the app
Each chequebook comes with a limited number of pages, which eventually runs out. Applying for a second chequebook means having to visit the bank. However, with the bank apps, you can apply for a chequebook from the confines of your home.
The introduction of mobile banking has further simplified this process, as now you can conduct any transaction straight from your smartphone. Most recognised banks in India have launched specialised mobile apps, which aid in the banking procedure. Here are some of the important advantages of mobile banking, which you should take advantage of.
1. Visiting banks no longer mandatory
Previously, customers had to go to the bank or the ATM to withdraw the cash. They also had to travel to the bank in case they wanted to deposit money into their account. However, this is no longer required for internet banking through a mobile app. You can just download the app for free and access your bank account from the same. All transactions can be concluded from this particular program, saving your precious time and money in the process.
2. 24x7 availability
Banks are open for a particular period of time each day, between Monday and Saturday. However, these institutions remain closed on Sundays and some public holidays. The mobile banking apps though can be used at any time from anywhere. The services are available 24-hours a day, 365 days a year. So, you no longer have to worry about banks remaining open or closed for conducting these transactions.
3. Reminders for bill payment
The apps are designed to remind you of any utility bill payments that you need to make. This is a helpful feature, as it prevents you from forgetting important dates for bill payment. Mobile alerts are used for reminding customers, and these are issued by the bank itself.
4. Balance inquiry
The balance in your account is something that you need to check constantly if several transactions are conducted throughout each month. Normally, you would have to visit your nearest ATM for this information. However, with these mobile apps, balance inquiry is now available in the tips of your hand. Simply log into the account and select the account information or balance inquiry option, to get a distinct knowledge of your savings.
5. Cheque book request from the app
Each chequebook comes with a limited number of pages, which eventually runs out. Applying for a second chequebook means having to visit the bank. However, with the bank apps, you can apply for a chequebook from the confines of your home.
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