Take the easy way out to pay your utility bill with this app

Are you tired of running around multiple offices to pay your electricity bills, water supply bills, etc. and are looking for a more convenient way to pay these utility bills? Or, have you had to deal with late utility bill payment fines? Then, You should definitely try out mobile banking apps.

With mobile banking apps you can pay all of your utility bills just sitting at your home or anywhere else and that too within a few minutes. This saves you a lot of time and energy, which you might have wasted in going to the offices of the different utilities. But the area where the mobile banking apps shine is timely utility bill payments. They offer a variety of options for you on this front. For example in HDFC bank’s HDFC ASO Mobile Banking app, if you want, you can set reminders and notifications through the app that will remind you on the desired time and date to pay utility bills. If you want even something more convenient then you can also issue standing instructions through the app to pay your utility bills at a specific date and time.

Additionally mobile banking apps like Axis bank’s Axis Mobile app for example, help you by maintaining an electronic history of all transactions and that include your utility bill payments too. This helps you do two things: first it keeps all your payment details in one place so that you can review and track them as and when you like; second, it helps in eliminating the need of paper bills thus helping you do your part in conserving the environment.

As with all forms of electronic fund transfer systems there is a possible threat of hacking and information theft. But these banking apps are very secure and have counter measures in place for such threats. For example, the ICICI bank’s mobile banking app iMobile uses strong encryption on the data stored in the phone. Additionally all data being transmitted over the network is also encrypted by secure technologies like PKI, 256 bit SSL encryption, etc. Thus you do not have to worry about any kind of theft, either monetary or of personal data while paying your bills through these banking apps.

So say ‘no more’ to waiting in long queues, late payment fines and turning the house upside down to find your previous bills and start using mobile banking apps today itself to pay utility bills the easy way.

Net Banking Apps: What are the different features?

Net banking apps are becoming more popular than ever, thanks to the digitalization of the economy. More people are embracing the online mode of transaction, due to which the different banks have developed and launched their own applications for internet banking.

Here are some of the features that almost all net banking apps share.

1. Account creation
If you do not want to visit a bank to open an account, the only option that you have is to download the app of that bank and create the account online. This process is simple and instant. However, keep in mind, you will still need to present the photocopies of identity documents in order for the bank to verify your identity.

2. Bill payments
Net banking apps can be used to clear bill payments. These apps come preloaded with options of essential categories like electricity, gas and phone bills. All you have to do is click on the relevant category, select the company and pay. Furthermore, you can make credit card bill payments through the mobile app as well. These apps also allow you to automate the bill payment, which will further reduce the hassle involved with periodic payments.

3. Statements are electronic
Instead of paper statements that are liable to get displaced or damaged, when you use a net banking app for transactions, the invoice or receipt is digital and mailed to you. This will be easy to keep track off at the end of the month, when you are calculating expenditures and savings for that particular month.

4. Alerts for every transaction
Whenever a transaction occurs in your account, you will receive an instant alert of the same. This alert will also notify you of any irregular changes in your account, such as any unexpected debit of money. In such a case, you can get in touch with the relevant people to rectify the issue almost immediately, thanks to the banking app on your phone.

Similarly SMS alert services are also offered by the banks, but often these messages may get delayed. In some cases, the SMS may not arrive due to network issues or some other reason. However, when you turn on the alerts in the app, you can rest assured knowing that any change in the account will be notified to you.

The mobile banking apps offer the best features and the best deals. Furthermore, it makes handling your finances simpler and more convenient.

How can payment apps help you pay your bill online?

With the advancement in the world of technology today, paying bills online is just a natural thing to do. Paying bills online has come as a boon in our hectic lives as having to remember the due date of each one from a plethora of bills can be difficult and confusing. Gone are the days when we had to worry about taking a trip to the different corners of the city, only to wait in a queue for hours to pay the various bills. With the help of simple and easy-to-use apps, anybody and everybody can easily pay their bills within a few minutes. Paying bills online does not need your whole and sole focus as online bill payment can be done easily, while focusing on other important tasks in hand.

Advantages of paying Bill Online
Paying bills online is an extremely simple and convenient thing to do. You don’t have to worry about a thing. All you need to do is download the said utility bill payment app and pay your bills online,at  anytime and from anywhere.

• Online Bill payment helps you in saving a lot of your precious time. In this fast moving and extremely busy world, there is no time for you to waste. This is where bill payment apps can help you out. Taking out extra time from your hectic schedule is neither possible nor needed as bill payment apps help you pay all your utility bills instantly with a single click on your mobile phone.

• With the help of payment apps, you can not just save your time and energy, but also your money. Remembering to pay the bills on the last day of the month is also not a problem because of how quick the process is. With no reason for late bill payment, the need to pay fines also reduces significantly

• Online Bill payment is highly secure and keeps everything organized. With all the transactions easily recorded, bill payment apps help you track the amount paid with every bill. From water bills to electricity bills, you cannot find this facility of easy payment anywhere else.

• Individuals can make immediate payments via these simple to use bill payment apps. Often you tend to forget about paying your bills until your supply is abruptly stopped. With the help of bill payment apps, you can now set a reminder which will help you clear your bills with a lot of time in hand.
 
So, without wasting any more time, switch to this hassle-free mode of payment for your own convenience.

Are you aware of these education loan benefits?

With the increase in the cost of education each year, funding higher studies have become a matter of concern for parents and aspiring youth. Having big dreams but not having enough financial support has been troubling the youth of the country for quite some time now. This is where education loan comes into the picture and saves bright students from compromising on their desires due to shortage of funds.

Education loan in India helps you in not just funding the course of your choice, but also covers the cost of your entire education. From expenses of travelling to a new country for further studies to the cost of the essentials needed, everything is covered by such a loan. So, in order to find out more about the benefits of getting an education loan keep reading below.

The numerous benefits of getting an education loan
One of the major advantages of getting an education loan is that you will not be expected to pay the amount instantly after completing your course.

Education loan gives you enough time to accumulate the amount and then repay. You can easily find a job first, make a substantial savings and then start paying back the amount.

Individuals who claim the loan have an added advantage of claiming deduction on the entire interest amount of the loan. However, this can only be done when the person who is claiming the loan is repaying the amount under section 80E of the Income Tax Act. In order to avail the tax benefits, individuals have to fulfill certain conditions which are:

• The loan either needs to be taken from a scheduled commercial bank or the two gazette financial institutions. Taking an education loan from any other institution will not allow you to get the tax deduction.

• Secondly, the loan can only be taken to fund higher education, which is after passing your senior secondary examination.

One of the most attractive features of an education loan is the low interest rate it offers. In comparison to any other loan, education loan has low interest rates as public banks all over the world subsidy it. This is primarily done to improve the standard of higher studies all over the world.

Education loan has great repayment options as well. Individuals taking the loan can return the amount after securing a job. The burden on both parents and students are thereby reduced, making it easier to pay the amount over a long period of time, conveniently.

3 Reasons why you should apply for a gold loan through an app

Applying for a loan can be a tricky business, especially when it comes to a loan for something as precious as gold. Gold loans however, are one of the best loans you can take in times of emergencies. From absolute transparency with the policy to flexibility in returns, gold loan is easily the best type of loan there is.

One of the best ways to get a gold loan is via the online facility. With the help of numerous gold loan apps, people all over the country have been able to get instant approval on their loans. By ditching the traditional and not-so-convenient method of applying via a bank, individuals who need gold loans have benefited immensely. If you too are considering this method, keep reading to find out the advantages of a gold loan app.

Advantages of Applying for a Gold Loan through an App

There is more than one reason why you can and should apply for a gold loan via an app

• Convenience: With your understandably busy schedule throughout the week, visiting a bank and applying for a gold loan can be a dreadful task. No one has the time to stand in a queue for hours, waiting for their turn to come. Gold loan app comes in handy for anyone who wants to find easy and convenient ways of applying for the loan. Applying for a gold loan online therefore is the best alternative to visiting a bank for the same.

• Low interest rates: Applying for a gold loan online helps you get the lowest interest rate possible. Gold loan is one of the safest options for people who urgently need money and have their gold jewelry sitting idle in the lockers. Due to its easy availability and easier liquidity facility, gold loans have attractively low interest rates as well

• Comparison of options: Applying for a gold loan online has an added benefit of comparison between different options. Every bank has its interest rates and other policies mentioned in their app. This helps potential loan seekers to compare between different banks and make the right call. Gold loan emi calculators can also help you find out about the EMI to be paid, instantly.

Gold loan apps are therefore the best way to apply for a loan. Easy access to all the information and instant approval of your application are a few other added benefits of this facility. So, if you are in the need of funds on an emergency basis, a gold loan can turn out to be your saviour and with gold loan apps, you can avail the benefits at ease.

Did you know that payment apps make for the ideal payment solution?

The internet has revolutionized our everyday life in every possible way. With its evolution and wide spread use, our lives and future have become digital. You use your phone and computer for more than just calling people and answering e-mails. Being “online” is more than just staying connected to our friends and family. It is a way of getting things done quicker and more conveniently to keep up with the fast pace of modern day life. It doesn’t make sense to stand in a queue for hours to pay your bills when you can quite simply do it on your way to work. You can pay for your parents' medical bills and household expenses with a simple online transfer of funds. Online payment solutions aren’t hindered by geography. You could be anywhere and still make sure that your bills are paid on time.

Here are a few reasons why mobile apps are the perfect payment solution for you-

1. Quick and Easy-
The most valuable commodity nowadays is time. Making payments from mobile apps saves you a lot of time. With just a few quick and easy steps you can pay your bills without having even left the comfort of your home. Most mobile payment solution apps offer multiple options for credit and debit card users. Both time and cost efficient, it is an extremely useful tool at your disposal.

2. Secure-
If you were to lose your cash, you will more than likely never get it back. But if there is any kind of discrepancy in your online transaction and you report it, you will be reimbursed for the same in full. Mobile payment apps come with their own security measures like PINs (Personal Identification Number) and Usercodes. Your transactions will be both secure and free of any kind of human error.

3. Organized-
One of the biggest advantages of online payment solutions is that it organizes and records your expenses. You no longer need to worry about keeping the receipts for the payments you make. Since you will be transfering funds directly and through an electronic medium, you will be paying the exact amount. There will be room for error in your calculations or in the deductions from your account. With e-mail and SMS notifications, you will be able to keep an easily accessible record of your finances.

Whether it be receiving or sending money to a family member, or paying your utility bills or ordering a meal, mobile payment apps are ideal for any kind of transaction.

Bill payments are now made easy through the bill payment app

Bill payment is a crucial part of maintaining your finances, even though it can sometimes feel like a chore. This is why banks have devised convenient and simple ways of helping you settle your bills conveniently.

Internet banking is one such brainchild of the banking industry that has revolutionised how payments are made. Here the internet acts as the interface between you and the payee, making the whole process convenient and instant. The number of online bill payments is rising staedily, corroborating the fact that internet banking is gaining popularity, especially in light of demonetization and the government pushing for cashless transactions.
Here is a look at some of the important advantages that internet banking offers when it comes to bill payments and clearance.

1. Simple, safe and fast payments
In case of a manual bill payment, you would first need to sign the check for the bill in question and then wait for it to get processed or you will have to pay using cash. With an app, you are able to transact instantaneously and from the comforts of your own home. Moreover, since the transactions are encrypted, you are protected against hackers and other allied threats.

2. Using credit cards for payment
Generally, people use cash for making bill payments. However, if you want to, you can use your credit card to make the same payment through the app. This can be very helpful, in case you are short on funds and the due date has arrived. Moreover, credit card transactions are usually safer and a more secure mode of payment.

3. Turning to digital from cash payment
It is always better to reduce cash transactions and the usage of bill payment apps can help you limit cash exchange. Printing physical currency is an intensive process that uses up a lot of the country’s capital. Moreover, you will also end up saving paper when you control cash transactions, which can greatly help the environment.

4. Keeping track of bills is easy
When you try to keep track of bills, it may be difficult. However, using the online method can simplify this process of tracking the paid and unpaid bills. Some of the apps offer the opportunity to set alerts and notifications, which will help you know if a bill is due. Moreover, in case of a bill where the amount remains same every year, you can automate the bill payment procedure completely.

5. Attractive discounts
Sometimes, certain companies will offer attractive discounts on the bill amount when you decide to pay them through apps.