Thursday 12 July 2018

4 best mobile banking apps in India

Finding time to go to the bank is next to impossible. In fact, visiting a bank branch has become a chore. Again, passbook needs to be updated; new chequebook orders have to be placed, ATM cards have to be blocked in case they go missing. The list is endless.

Precisely why mobile banking app invention is one thing we all will be thankful for forever. Mobile banking operations started in India in 2002. Everything such as bank transactions, checking bank statements, paying credit card and utility bills, can be done by a click.

Time-saving and convenient, these apps are now massively popular. Listed below are the brands who are the face of banking app industry:

1) HDFC mobile application:HDFC is one of India’s leading banks today. It holds 4.2 rating and has over 10 million downloads on Google Play store. It allows the customers to view their account summary, transfer funds, make credit card payment, etc. Their app is also available in Hindi catering to the mass audience. HDFC app has a ‘LITE' version that makes it compatible with those using low internet speed. However, the ‘LITE’ version does not cover all the aspects. Nevertheless, the regular services are covered under it.

2) ICICI Bank’s iMobile application:ICICI was the first bank to launch full-fledged banking app services in India in 2008. The Google Play has rated ICICI bank’s app 4.5. It is one of the highest rated mobile banking apps in India. Apart from paying bills, the app allows users to open fixed and recurring deposits. Consumers can also manage life insurance policies here. Apart from the iMobile app, ICICI bank also launched the iWear smartwatch app. With Apple and Google smartwatches used heavily, ICICI bank users can access their account and check their last 3 bank transactions, current balance and credit card accounts on their hand.

3) Axis Bank’s mobile application: Axis bank’s app is known for its stability. It has over 5 million downloads and holds 4-star rating on Google Play store. Apart from the regular features, Axis bank users can time their credit card payment, covert them into EMIs, block cards and replace them, temporarily deactivate the debit card, set limit on debit card purchases. The customers can also autopay bills for over 200 utility services through the app. Axis bank’s app is also social-media friendly as users can email and Tweet directly from the app.

4) SBI’s Anywhere Personal Application: The app was previously called ‘State Bank Freedom App.’ The Anywhere Personal app provides essential banking services. The bank has 3.9 rating on Google Play. One of the salient features of the app is mCash. Through this medium, users can transfer funds to a mobile number or email id. It also has the mPassbook feature through which the users can check their past 150 transactions. They, too, have a smartwatch app for the smart users.

So, ensure that you install a mobile banking app today and start using it.

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