5 unusual things that a digital account app can do which you never knew about

 


Today, when we wish to buy something, the first thing that we think about is would product be available online. Sellers know that their customers would always choose to go for the more convenient alternative, which is why many have an online platform where you can complete your purchase from the comfort of your home, using a simple digital account app.

It is common knowledge that you can buy products off online platforms such as Amazon and complete the payment through your digital app which is connected to your open savings account. While this may be the primary purpose of such apps, it is not the only thing that they can do.


Let us take a look at 5 unusual things that a digital banking app can do that would surprise you:


1. You can transfer money without needing your bank information

Whenever you think of online bank transfers, you rush to get your passbook and all your banking details. However, a digital account app does not work in the same way as net banking does. When you use such an app, you do not need to fill up any bank information as the app will already have all your details stored!

2. Book train tickets without having to stand in long lines anymore

Have you ever booked a train ticket on a weekday during peak hours? It is taxing, to say the least. There are long queues which often do not seem to be moving, especially if someone is renewing their monthly pass. This is something that you do not have to worry about anymore! You can simply book your train ticket using IRCTC (Indian Railway Catering and Tourism Corporation) and pay for it through your digital account app.

3. Temporarily de-activate your debit card in case of an emergency

If you lose your debit card, which let’s be honest, could happen to the best of us, your next course of action would be to frantically search for your bank’s customer service number and get in touch with them in order to de-activate your card. However, there is no need of running around anymore. Now, you can simply de-activate your debit card on a temporary basis until you have found it.

4. Buy mutual funds and maintain your investments

Ever thought investing in mutual funds was tough? Not possible without a proper broker or having to log on to a fund house’s official website? Nope! You can now buy mutual funds simply through your digital account app. Of course,  learn about the different types of mutual funds before doing so.

5. Get a salary advance when you face a cash crunch

It is quite normal to face financial shortcomings at certain points in life, especially at the start of your career. In such cases where all you require is a little financial boost, you can now easily get a salary advance thanks to your digital account app. This proves to be a great help since you get the cash you need immediately and can pay it back once your salary kicks in.

We hope that this article has made you understand the importance of having a digital account app on your smartphone. All the best!


Read More:  5 tips to keep in mind while using an ebanking app

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