Pay your credit card bills with mobile banking today

The mobile phone or smartphone nowadays has become an extension of our lives. It is like our third arm. Living without it is next to impossible for most people. People these days turn to their mobile phones for fulfilling the most basic needs such as shopping for grocery or even calling a cab on the road. So, when such basic functions are being carried out through the medium of a device, why should important tasks such as banking or paying credit card bills to be left out of the scheme of things?

Read this article to find out the how to pay credit card bill with mobile banking.

• Almost all banks offer the service of mobile banking. You need to ask your bank if this option is enabled by them. Download the app of the concerned bank, link your account and get things started.

• On the app, make an entry for the amount that is due, select a date for delivery and you are set. If you do not feel like paying the bills manually every month, you can pull some strings on your app and stir up the automatic payment settings. You can schedule your payments henceforth so that you do not need to log in every time you wish to take care of your dues.

• Paying the credit card bills on your mobile phone can make it easy for you to streamline payments and also help you to keep track of the balance all the time.

• Getting access to eBills can make your life aeons easier. The company that is charging you will forward eBills to your concerned bank, and you can later clear up this eBill amount in your own sweet time through mobile banking or through the online account.

• Have we mentioned how easy and convenient it is to clear up your bills with your mobile banking app with just a few swipes and taps here and there while you sit comfortably in your favourite armchair back at home?

• Paying the credit bills on your mobile phone is an extremely safe affair as the banks encrypt the information to the extent that is undecipherable, plus they use high-end security features.

• Also, you will get alerts when payments are due.
As you can rightly see that paying credit card bills with mobile banking app these days are so easy that it almost seems like a child's play. Don’t wait any further; enjoy the benefits of mobile internet banking today!

What Are The Opportunities You Can Get Through Your Banking App

The utility and benefits of mobile applications are numerous, to begin with. A mobile app is the new face of virtual marketing nowadays. A mobile banking app is a much faster option for a quick browse than manually manoeuvring through a web browser. With all kinds of businesses now having an app of their own these days, starting from retailers to restaurants, to better their marketing domain, banking has also joined in the league.

For the sceptics and the amateurs who are still trying to figure out the wonders of the mobile banking app, here are some opportunities that you will likely get.

• Increased Customer Engagement
Mobile apps give you the opportunity of participating in increased customer engagement. The purpose of apps is for seamless connections and interactions.  Mobile banking allows you to check your financial details whenever you feel the urge to or whenever the need arises. This is very beneficial to manage the safety of the account. You can keep track of any uncalled for transactions and fraudulent activities.

• Lower Expenses
The banking app reduces costs that come with messaging and also reduces the cost of paper. When you conduct banking services often, you need to take out truckloads of printouts of various details from various facets of your life. This entails a lot of costs. But a banking app will take care of all of this.

• Pay Your Bills
You get the opportunity to pay credit card bills through your banking app. You can either pay directly or on the company website. When you try to make your bill payment through mobile banking, it helps to streamline payments and also to monitor your balance 24*7. This saves tons of time and is extremely convenient.

• Banking Apps are Serious Game Changers
Banking apps are becoming better and better every day with new and improved features being added on a regular basis. Certain banking apps give you the opportunity of using virtual wallets and also saving engines that automatically set money aside as per your scheduling.

• Free Gratis
Nowadays, banks do not charge extra fees for enjoying the benefits of various services.
Although mobile banking apps are still in their initial stages of growth, they are already becoming popular at breakneck speed. Banking apps are extremely easy to use, safe and secure. This has completely changed the commercial canvas making it a top priority of online mobile banking services all over the world to provide consumers with a smooth experience that will keep them coming back for more.

Net Banking Apps You Need to Download Today

Mobile banking and net banking are related but not entirely similar. Mobile banking is offered by banks through their customized apps and is easily accessed by consumers for banking purposes. You don’t have to go to a bank to make monetary transactions. Here the medium is mobile or your smartphone, to be precise. On the other hand, net banking is having access to banks through the internet. Also, net banking facilities can be accessed using both laptop/computer and mobiles.

Nowadays people have become more tech savvy and social media friendly.  As a result, mobile and net banking have become almost the same and are often used interchangeably. Everywhere people are using smartphones and do not carry around cash anymore. For these reasons, net banking has become all the rage among youngsters, professionals and businessmen.  The market has been flooded with various net banking apps for users to choose from. Every bank has their own individual app which customers can use. Some of the most popular apps are listed below:

 Axis Mobile- Launched by Axis bank. The Axis Mobile app is available for both Android and iOS platforms. Through the app, you can view your bank account details, access your debit and credit card details. It also lets you convert your credit card transactions into EMIs.

 HDFC Mobile Banking- This is one of the most user-friendly net banking apps out there. It allows the user to perform a host of banking tasks such as creating your RD account, checking your FD account, transfer funds and also, you can request for chequebooks via this app. It is the only app on mobile that provides banking services in Hindi.

 iMobile- This net banking app has been launched by the ICICI bank. The app is pretty streamlined and safe to use. You can do a host of banking activities ranging from checking your FD account to managing your insurance and credit cards. Also, you can locate ICICI ATMs through this app and check the status of any check issued by you.

 YES Mobile- It has been launched by YES bank and offers basic banking facilities ranging from managing your accounts to fund transfers and also making donations. 

 State Bank Freedom- This is the net banking app from the State Bank of India which is a public sector bank. The app is very easy to use, where you need to register only once and then you can access a host of its functions including paying bills, money transfers and managing accounts.

 Baroda M-Connect- This app has been launched by the Bank of Baroda and lets you access all of the possible banking facilities.

There are a host of other net banking apps that allow you to fulfil every possible banking need ranging from mutual fund debts to loan repayment. These apps allow to pay credit card bills and bills of other utility services like gas, electricity etc. So, don’t wait in ques anymore as banking is a just a click away.

Internet Banking: Why you need eBanking apps today

The banking industry has responded amazingly well to the ascent of smartphone technology. Now any individual can access his/her bank account and monitor the account on the mobile device. Internet banking does not only facilitate this access but lets you make vital decisions in regard to your finances. No longer do you have to queue up before the bank or make appointments with your bank representatives- an e banking app allows for maximum efficiency at any given time. Here are a few reasons why you should opt for the ease of internet banking today:

Paying Bills
It cannot be emphasized more how efficiently bills can be paid by means of an e banking app. An irksome chore that used to drain you of all your energy is now a minutes-long process. This function has made all the hassle completely redundant. In fact, you could even set an automatic payment system through your bank website and if that is not feasible for you, use your bill payment app to connect to your biller’s website. Regardless, internet banking is the best method through which you can fulfil your billing requirements.

Tracking Transactions
Perhaps one of the most frustrating things about having a bank account is the relentless activity that occurs on any given day. With an e banking app, you will be able to view your statements and thus plan your expenses or savings accordingly. Moreover, getting message alerts for every transaction will also allow you to detect suspicious activity or confirm the success of your purchases. Ultimately, being able to track your transactions paves the way for greater financial judgment.

Portability
In the matter of emergencies, it might not be possible for you to visit a bank or an ATM, so a mobile application provides instant access anywhere you would like and at any given hour. Gone are the days when you would have to schedule your time for a particular visit to the bank or call a teller for the most basic functions. If you are able to master internet banking, you become the sole operator of your bank procedures.

Cost-Effective
Since you will be saving time and money by avoiding the lengthy and oftentimes hectic trips to the bank, this e banking app will already be worth your effort. Furthermore, you do not have to issue cheques as you can pay bills and transfer money through internet banking. The service charges associated with digital transactions have also been reduced considerably, so people are persuaded to make the most of internet banking.

Reasons why IMPS transfer makes a good option for emergency fund transfers

The question of money is a bare necessity; no one knows when there might be a financial emergency and you will need to fall back upon a large sum of money to solve some crisis. Think of a situation when your loved one or child is staying or studying in some other city or country and there is a need to send a considerable sum of money immediately.

How do you make this quick transaction possible? With the help of IMPS money transfer service of course!

Immediate Payment Service or IMPS, for short, is a service that can be made use of with the help of one’s mobile phone. The receiver will be credited with the transferred money right away. The only thing is that both the accounts need to be IMPS enabled. No more standing in long queues in the pouring rain of the monsoons or sweltering heat of the summers. Get your money transferred from the confines of your comfort space at the snap of a finger.

More and more people these days are turning to IMPS emergency fund transfer. The reasons are as follows;

• Always Available

Unlike most other money transfer services, IMPS enjoys being one of these rare few that are available round the clock. Not only is it open for money transfer service 24*7 but also during the dreaded bank holidays. This is a huge benefit when you have to send off money suddenly and urgently.

• The Range is High

The IMPS money transfer service enables you to transfer money anywhere between one rupee to two lakh rupees in Indian currency. On a daily basis if there is end-to-end encryption, which will be provided to you by the bank, then the bank can allow a transaction amount of up to Rs. 50,000 and if there isn’t any end-to-end encryption then the bank will allow a transaction amount of Rs.1,000. 

• Low Processing Fee

The transaction speed of this service is super fast, not to mention that the processing charges are really low.

The IMPS money transfer service can only be carried out online and through internet banking. Other services such as NEFT and RTGS are available not only online but also offline. When you are carrying out the money transfer all that you will require is a MMID pin that will be provided to you in seven digits. In order to get hold of this MMID pin you will need to navigate yourself to the banking option on your mobile phone, choose the required bank account, choose the Insta FT option and finally click on the MMID option and you are set!

Why travel currency cards are the new travel currency

Travel currency cards are introduced to enable you to spend your vacations and travelling time in a smart way. There are many risk factors involved when you travel and carry hefty cash. With the implementation of these travel currency cards now you don’t have to carry cash on you. All you need now is a smart card, a travel currency card, a card that secures all your finances on the go. Now you can access your funds anywhere and anytime on the go.

Travelling currency cards are usually prepaid cards which are available in various denominations of worldwide currencies. These cards are usually prepaid, which means the cash that you withdraw on the go is deducted from your bank account where you deposit funds. The travel currency cards are linked with various international companies.
However, the maximum amount that you can carry in your currency card depends on the guidelines issued by RBI (Reserve Bank of India).

BENEFITS OF TRAVEL CURRENCY CARDS

 Security
The travel currency card is protected by using the system of biometrics. The funds are secured on the go and there is minimum chance of theft. The travel currency card also allows you to withdraw funds anywhere and anytime, thus, you don’t have to carry huge denominations of cash where you are going.

 24*7 Services
The financial institutions always provide excellent customer care support 24*7. During any emergency, the financial institutions will provide their best of services as necessary.

 Duty free shopping
Travel currency cards also provide you with duty free shopping facilities at airports of various locations. With the use of these smart cards, now you don’t have to pay extra charges for any souvenirs that you bring for your loved ones.

 Travel insurance
The financial institutions ensure that your finances are secured when you are on international tours. They offer 360 services and insurances that always comes in handy when you are on the go.

 Convenience
No matter which country you visit, these travel currency cards ensure that while you withdraw funds in any country, the cash that comes out are completely in denominations of that respective currency. There are minimum conversion fees and totally hassle-free.

 Instant activation
Now you don’t have to go to third parties to secure your foreign exchange. You can go to your respective bank account branches and apply for a travel card which gets activated instantly. There is no waiting period or long procedures for foreign exchange so you can have a tension free journey.

Thus, travelling currency cards are the new travel currency. However, one must know the exchange rates and conversion fees according to which you will withdraw money from your own account.

How can you take advantage of the NRO account

NRO means Non-Resident Ordinary account which is savings or fixed deposit accounts for Non-Resident Indian in a bank which is situated in India. This is basically an Indian Rupee account where the interest which is earned is taxable. The account may or may not be jointly opened with an Indian resident. Another important thing about NRO accounts are that the interest earned in these accounts is non-repartriable, which means all the funds that are deposited can only exist in Indian currency and cannot be converted to foreign currency.

Thus a nonresidential Indian can send money to their family members who are Indian residents via these NRO accounts. The interest rates offered by the financial institutions are catered to the needs of the customers and there are minimum additional costs to maintain this account. Thus, NRO accounts enable the nonresidential Indians to transfer funds to their hometown in a hassle free manner.

KEY ADVANTAGES TO AVAIL FROM NRO ACCOUNTS
 Low cost and hassle free money transfer
NRO accounts can be availed through numerous online and offline modes at flexible exchange rates.

 Minimum balance required
NRO accounts can be maintained at minimum monthly account maintenance as low as 10,000 rupees.

 Interest
INR balances on or above 50 lakhs can give you up to 4% interest per annum and 3.50% for account balances below 50 Lakhs.

 Easy transfer
The money in NRO accounts and the interest earned after deducting tax can be repatriated till one million USD for all bonafide purposes.

 Can also serve as Fixed Deposit accounts
NRO accounts can also serve you as fixed deposit accounts with all the benefits that a fixed deposit account might have and also allowing deposition of funds from overseas.

 NRI advantages
There are various additional benefits that a NRI will receive. These benefits cater to the needs of the individual who travel home and abroad simultaneously.

 Joint account holding facilities
The NRO account can have joint holders. This means that more than one individual can operate this account just like any other savings or deposit account.

 Bank benefits
Various financial institutions offer different offers for these NRO accounts. You need to do some research to find which bank provides you with the best of facilities at minimum cost. There are also benefits like free mandate card and cheque book for your family members in your home country which gives them extensive access to your account.

 Flexibility
You can change your savings account or fixed deposit account to and NRO account which helps you to maintain uniformity and gives you better access to all the facilities with just one single bank account.