Banking apps: Keeping your finances safe

Fast, faster and fastest are the three stages that the modern life operates in. Mobile phones are now not just restricted to communication, they double as one’s bank and are fully capable of performing a range of functions that would previously require a visit to the bank. Paying bills, transferring funds, checking the account balance and much more is now possible with mobile banking apps.

Availability of Apps and their Advantages:

These banking apps are usually available in all operating systems. They can be used on smart phones, desktops, laptops and tablets. Previously working and managing finances was a real headache as banking and working hours would clash making it very difficult for a person to visit the bank physically. Now it can be done at your convenience. You can easily plan investments, make transactions, make payments and tend to other needs as per your schedule. Moreover, online transfer has made it more convenient to pay bills and make payments anytime of the day.

Payment Process and why it is Safe:

Mobile banking apps are a secure way to make payments. A number of measures are taken to ensure that no one can tamper with the transactions. Multiple check posts on the transaction process prevent any accidental transfer of money. Your transaction shall not be processed if the inputs given are wrong. It needs various fields to match such as the account number, name and the IFSC code and then only the transfer can take place.

Most importantly developing banking apps and other modes of payment using the internet has made transactions safer. Now you get notifications regarding your account once any transaction takes place or even if your account balance is lower than the required amount.

OTPs (one time passwords) are essential for processing transactions. Even if your debit/credit card is stolen, a person cannot use it unless he has access to OTP.

Elimination of Human Interface:

The elimination of a human interface saves you from the troubles of corruption as people don’t get a scope of demanding bribes and extorting you. Banking apps and online payments increases transparency in transactions. You also get the facility of IMPS (instant fund transfer) that makes your transactions faster and does not require a long time to be processed.

Security Measures in Case of Theft:

Blocking cheques, reporting card theft or communicating with the bank has now becoming easier with mobile banking apps. Internet banking, mobile banking apps and debit cards all have different pin numbers and ids. Hence a customer’s account is quite safe and secure at all times.

Check out these features of the internet banking app and how it can help you

Internet banking is becoming the need of the hour in India, especially among the younger generation which relies on smart phones for every day needs. It has unlimited advantages over traditional branch banking, which has made it the new face of modern banking in India. Also known as e-banking or online banking and used in short as net banking, it is a feature that allows one to access their bank account from anywhere and at any time using internet through a mobile or computer.

At present, almost every bank has internet banking services in India and people are slowly adapting to this latest trend. Due to the low internet literacy rate in the country, online banking needs more time to start functioning as a mass product. The limitless advantage it has over traditional banking makes it very potent to take over as the only mode of banking in the future.

Internet banking has nearly all the features and services of branch banking and it is very user friendly as well. Listed below are some of the key features of online banking and how it helps you:

• The first and foremost point of internet banking is that it gives you access to your account 24*7 and 365 days. Even when it’s a public holiday or 12 midnight, you can login to your account if needed.

• Online banking allows you to transfer funds to anybody by linking their account instantly. This feature is very useful for businesses as it is completely hassle free.

• It saves you a lot of money and time as one does not have to visit their bank branch every time they need to make a transaction or deposit money.

• It is an ecofriendly mode of banking, which has attracted large number of people around the globe. Online banking allows you to download bank statements in PDF format, thus saving paper.

• It is one of the safest modes of banking as it has multi layered security that is set by you while registering for online banking.

• It allows you to open deposits and fixed deposits and also buy general insurance on the go.

• You can use it to make your monthly bill payments and also use it as the default payment mode.

• You can also make payments and apply for loan with internet banking.

Internet banking is also very user friendly and beneficial because of its multi-purpose functions. It is especially a hit among the younger generation of boys and girls in the country who are much more tech savvy than the older generation.

Do you know what the net banking app can offer you?

HDFC net banking also known as e-banking or virtual banking is short for internet banking. This feature enables a person to handle his finances using the internet, without being physically present at the bank in contrast to the traditional way of banking.

It is an electronic payment system that allows you to do transactions both financial and non financial as per your need, using your mobile or computer. It is the latest outcome of technological advancement that has changed the face of modern banking.

In order to use this feature you need to register yourself with the HDFC bank for online banking. Set up your password and other credentials and you have access to your HDFC bank account 24*7 from anywhere, through your mobile or computer. Contrary to the most prevalent perception of net banking in India, it is very much safe and secure to use as it has multi layered security.

The HDFC net banking app has a wide range of features and offers its users with a long list of services both financial and non financial such as:

• You can view your account balance whenever you need.
• You can download your bank statements in PDF format.
• You can transfer funds to anybody by linking their account.
• You can also use it for online bill payments and third party transfer.
• You can view paid cheques and order cheque books.
• You can download your periodic account statements.
• You can also apply and pay for your loan amount.
• You can also use it to apply for credit cards.
Although net banking is not very common in India because of the low internet literacy rate, it is finding its place especially among the young generation because of the advantages it has over branch banking. Some of the advantages are:
• It gives you permanent access to your account no matter what time or day it is; you can use your bank account as desired.
• The biggest advantage of internet banking is its cost effectiveness. It allows you to access your account without spending a single penny.
• It saves you a lot of times as you don’t have to travel to your bank.
• It is very safe and secure as it has multi layer security.
• It helps you to transfer money instantly on the go.
• It is very easy and user friendly.

Apart from these basic and most common services offered by most of the banks, HDFC net banking app also offers additional features as well. For example one can aggregate all their accounts in one place using net banking. One can also use it for their default monthly payments and also manage multiple users account at one place.

Digital bank apps is the need of the day

Today, digital banking has become the need of the hour. Individuals lead extremely busy lives, and after the end of a hectic day, it is next to impossible to spend time waiting in lines at the bank. This is where digital or online banking comes in.

Digital banking gives the customer the comfort of conducting their banking transactions right from the comfort of their homes, without taking the trouble of standing in line at the bank. All banking transactions such as checking funds and balances, transferring money, and even paying bills can be done via digital banking.

This digital transformation has essentially changed how we live, how we work, and how we bank as well. Transferring money within a matter of minutes and paying bills on smartphones were unheard of till even a few years ago, but they have become very commonplace realities now. Conducting banking transactions using digital banking apps is the common norm today.

Today, almost everyone has devices such as smartphones and other appliances which are always connected and are constantly able to collect data and exchange it. This has led to the delivery of any kind of financial information whenever and wherever you need it. This perpetually connected world, which provides financial management to people at the tip of their fingers, thus needs similarly digitally connected apps that can deliver a 24x7 seamless banking experience.

The explosion of internet-connected gadgets means that the demand for faster digital integration has to be met. Digital banking apps are able to facilitate quick and secure financial transactions.

Moreover, digital banking apps can provide user-friendly interfaces that enable third-party service integration which give banking providers greater control over access of customer information, thus ensuring both ease of access and superior security.

Digital banking is also extremely helpful in paying bills online, which is why so many customers are turning towards it. Paying bills is an aspect that all of us have to deal with at some point in our life. Before the shift towards everything digital, paying bills used to be a cumbersome process. Today, with the introduction of mobile banking apps that provide digital bill payment services, paying bills directly through your bank has become extremely hassle-free.

Digital banking apps cash in on the popularity of smartphones and easy access to the internet, making these apps a must-have for anyone who holds a bank account and wants to conduct all banking transactions with just a few taps. Digital communication is at an all-time peak now, and this is why digital banking apps are also the need of the day!

What can a bank mobile app do for you?

Mobile banking is one of the many services that a bank or any other similar financial institution provides to its customers. Using banking apps, the customers of a bank can conduct several types of financial transactions through their mobile devices, tablets and smartphones.

Mobile banking should not be confused with internet banking, which requires a different software. Mobile banking takes place via an app that the user has to download, and this app is provided by the bank itself. Bank mobile apps are available for 24x7 use, and they offer a wide variety of transactions for the user to conduct, including obtaining previous transaction lists and checking account balances. Additionally, several apps also allow customers to pay bills online, as well as transfer funds between customer accounts.

Today, you can use some of the best mobile banking apps and make your online banking experience easy and fast. Bank mobile apps have a wide range of benefits that you should take advantage of. They are-

• Mobile banking is very convenient- mobile banking though an app allows customers to perform most of the tasks that they would otherwise complete physically at a bank branch. These tasks include checking account balance, transferring money between accounts and viewing account statements. Being able to do all of these tasks through your mobile is extremely convenient. No matter where you are, you can take care of your banking business without even stepping out of the house.

• Bank mobile apps are very secure- Mobile banking is a very secure platform. Banking apps use the highest-grade encryption to make sure that your financial information is safe and secure.

• App mobile banking is very simple- App mobile banking functions are extremely easy, and user-friendly. The user can perform tasks on these mobile banking apps very easily.

• Provides easy access to your finances- The best mobile banking apps make sure that you are able to access your financial records and all other related information even beyond the standard working hours of your bank. This is extremely helpful, as certain circumstances can prevent you from going to the bank within its working hours. In such cases, instead of postponing your work to the next day, you can simply complete your task using mobile banking apps.

• Mobile banking allows you to perform all banking tasks free of cost- Mobile banking services are not chargeable, so users can access their accounts and perform necessary tasks without any extra charges.

• Provides easy control of your finances- Since you can monitor your account balances at the blink of an eye, as well as set reminders to pay bills, and even deposit checks, mobile banking apps guarantee that you have total control over your finances.

Try out mobile banking today and enjoy the services it has to offer!

What can a bank mobile app do for you?

Mobile banking is one of the many services that a bank or any other similar financial institution provides to its customers. Using banking apps, the customers of a bank can conduct several types of financial transactions through their mobile devices, tablets and smartphones.

Mobile banking should not be confused with internet banking, which requires a different software. Mobile banking takes place via an app that the user has to download, and this app is provided by the bank itself. Bank mobile apps are available for 24x7 use, and they offer a wide variety of transactions for the user to conduct, including obtaining previous transaction lists and checking account balances. Additionally, several apps also allow customers to pay bills online, as well as transfer funds between customer accounts.

Today, you can use some of the best mobile banking apps and make your online banking experience easy and fast. Bank mobile apps have a wide range of benefits that you should take advantage of. They are-

• Mobile banking is very convenient- mobile banking though an app allows customers to perform most of the tasks that they would otherwise complete physically at a bank branch. These tasks include checking account balance, transferring money between accounts and viewing account statements. Being able to do all of these tasks through your mobile is extremely convenient. No matter where you are, you can take care of your banking business without even stepping out of the house.

• Bank mobile apps are very secure- Mobile banking is a very secure platform. Banking apps use the highest-grade encryption to make sure that your financial information is safe and secure.

• App mobile banking is very simple- App mobile banking functions are extremely easy, and user-friendly. The user can perform tasks on these mobile banking apps very easily.

• Provides easy access to your finances- The best mobile banking apps make sure that you are able to access your financial records and all other related information even beyond the standard working hours of your bank. This is extremely helpful, as certain circumstances can prevent you from going to the bank within its working hours. In such cases, instead of postponing your work to the next day, you can simply complete your task using mobile banking apps.

• Mobile banking allows you to perform all banking tasks free of cost- Mobile banking services are not chargeable, so users can access their accounts and perform necessary tasks without any extra charges.

• Provides easy control of your finances- Since you can monitor your account balances at the blink of an eye, as well as set reminders to pay bills, and even deposit checks, mobile banking apps guarantee that you have total control over your finances.

Try out mobile banking today and enjoy the services it has to offer!

Banking on the go: Why online banking is your solution

People now a days are always on the go and thus want easier banking options. Today’s, fast paced life demands a quick as well as flexible banking facility. It not always possible to visit the bank personally when one has to deal with hectic schedules and endless travelling, which is why banks have come up with mobile banking.

These days, with internet connection being widely available across the country, banks have been able to develop internet banking facilities. Tasks like bill payments, purchasing products online, transferring funds, loan payments, checking your account balance and so much more can be done using the online banking facility. 

Internet banking can be accessed from any internet aided device such as laptops, desktops, smartphones and tablets. All you need to do is apply for the mobile banking facility offered by your bank and wait for activation. Once the services are activated you can use it for all your banking needs. This is an effective way to banking, as it saves a lot of paper work and unnecessary visits to the bank.

The distance people travel is growing every day in today’s world. Parents send their children away for better education and a more secured career. In this case a major concern remains paying the fees within time. Banking institutions have a fixed banking hour within which they operate. But the online option is available 24x7. Hence online banking saves you both time and energy while offering stress free options of payments.

Internet banking facility lets you become organized. Firstly, you can keep a constant vigilance on your balance and plan transactions accordingly. Secondly, you can schedule transactions beforehand for payment of your bills, rents, interests on loans etc. Also opting for account alerts prevents the occurrence of low balance because you will get notified as soon as this is about to happen.

Transactions through online banking are extremely safe and convenient. This methods uses encryption to secure your data and prevents it from falling into the wrong hands. The multiple check points verifying account number, name, IFSC codes, CVV, card number and others prevents any attempt of theft. If you try to transfer money through online banking, you must enter the recipient’s name, account number and IFSC code. This eliminates chances of sending the money to a wrong account even by mistake as the three fields have to be correctly filled in to proceed with the transaction.

Opt for online banking to in order to handle finances more efficiently. Mobile banking has also come up, making it more convenient for customers to manage their everyday finances.