5 common uses of an e banking app account and how you can open one

Mobile banking apps or e-banking apps have made banking and its related tasks easier for people. Earlier you would have had to go to the nearest branch of your bank to do any banking transaction. But now you can complete all the bank procedures and transactions easily with the help of your fingertips. You can search a phrase such as ‘bank new account open online’ on Google to know how you can open a bank account online and enjoy banking services through mobile banking apps. In this article, we will tell you about the steps to follow to open an e banking app and the 5 common uses of that app.

These steps are:

  1. Download the e-banking app from either Google Play Store or Apple App store based on the Operating System of your smartphone.
  2. Register on that app using your Customer Relationship Number (CRN), debit/credit card PIN, or internet banking password. You will get these details in the bank account kit you got from the bank when you opened an account there.
  3. Start the one-time activation process by entering the OTP received on the mobile number you registered with the bank.
  4. Set a 6-digit MPIN and log in to start using that app.


Now let us look at some of the common uses of such apps.

1. Send and receive money via NEFT, RTGS, and IMPS


You can use an e-banking app to send and receive money to your beneficiaries using transaction methods such as National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), Immediate Mobile Payment Services (IMPS).

2. Make regulated UPI payments


You can use a mobile banking app to make payments through Unified Payments Interface (UPI) to shopkeepers and other merchants for the products or services you buy from them. These UPI payments are tracked by banks, so you will always have a record of them.

3. Pay mobile bills, utility bills, and recharge


You can use such apps to pay your mobile bills, electricity bills, water supply bills, tax bills, internet connection bills, gas connection bills, and other utility bills. You can use the app for DTH recharge, pay the vehicle toll at toll plazas, and so on.

4. Apply for a Credit Card, make credit card payments, and take loans


You can use these apps to apply for a credit card and make credit card payments. Using these apps, you can apply for a personal loan, education loan, home loan, car loan, and other loans that your bank provides.

5. Regenerate your Debit and Credit card PINs


To be a step ahead in money matters, you should keep changing your debit and credit card PINs from time to time. This helps you keep your hold on your money safe. With such mobile banking apps, you can regenerate your Debit and Credit card PINs, and thus, secure your money transactions.

So, this is how you can open an e-banking app account and enjoy 5 common benefits of that app. Have a nice day!

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