5 Benefits of an Online banking app

  In order for their wealth to increase, people need to invest their savings in a bank to achieve financial growth. Hence it comes as no surprise that people open savings accounts to get interest every year. This is a good way of building your savings as well as keeping it safe. But before you go on to open a savings account, ensure that you check a bank and the quality of its services thoroughly. Most banks have made opening a savings account easier for people by providing online banking services. But you must ask a few questions to a bank before opening an online savings account there. 1.Do I need to keep a certain amount of money in my account? Banks ask account holders to maintain a threshold amount of bank balance to enjoy the services they provide. Some banks ask their account holders to pay fees if they are unable to maintain that threshold bank balance. While other banks offer special schemes in which account holders need not maintain a threshold bank balance. These o...

  Earlier, people had to walk to the nearest office of a bank to open an account there. They had to wade through noisy streets and stand in a queue at a bank to conduct all banking transactions. Now, they do not need to put so much effort into their banking actions. Online banking facilities have made banking effortless than before. Now people can transact money and do much more from their laptops and smartphones. They can even open a bank account through a bank’s smartphone app. We have curated a list of steps of the online banking account opening procedure you have to follow to open a bank account. 1.    . 1. Fill up your bank’s questionnaire to find a suitable bank account The first step of the online banking account opening procedure is to visit your bank’s official website and answer a few questions. Based on your answers, they will recommend you a suitable type of bank account. Those questions usually are on the lines of: i)      ...

    Banks provide savings accounts for people who wish to build their savings. Using such accounts, people can start being financially stable and can grow their wealth. When people keep investing in their savings accounts, they receive interest from the banks on the money in their accounts. Today, almost every one of us has a savings account. However, there are some who face complications with the saving account opening procedure. If you have a problem with this too, this article will help you out:   1.    Eligibility conditions to open the account Many banks set forth some eligibility conditions for people who are interested in opening an account with them. They understand that the less complicated the eligibility conditions are, the better it is for their prospective account holders to open a savings account. Hence, banks keep those eligibility conditions simple. The two eligibility conditions that banks mostly set are that the prospective account h...

As the banking sector has become the backbone of every country’s economy, there has been a significant upsurge in the number of financial institutions present even in our country. With the ever-increasing number of facilities and benefits offered by banks online, it is pretty easy to get confused when choosing the best net banking app .  However, to help you overcome the dilemma, here are 4 ways to choose the best net banking app for all of your financial needs -  1) List out all the required financial services  The services offered by banks vary significantly. As a result of this, it is very important to understand your needs and make a list of all the services you wish to utilize to meet your financial needs. Do keep in mind to check if the benefits you need are also offered on the bank’s app so you can conveniently access them when the time comes. You can easily get this information directly from the bank’s website or even by reading the app description in the Google...

  5 Benefits of using a UPI Money Transfer app Half a decade ago, one would have had to go to a bank to pay or send money to somebody. They would have had to stand in a queue at a bank to deposit or withdraw money from their savings account. With the advent of mobile banking apps, banking has become effortless and swift. All the banking services are packaged into an online banking app that you can operate on your smartphone, thus, making the banking experience much easier. To aid with payments and collection of money, these apps introduced a new way of money transfer—the UPI or Unified Payments Interface. We will discuss the benefits of using such an app. Transfers money swiftly A UPI money transfer app sends money in an instant. One has to register on the app, and as soon as the registration is successful, they can start transferring money. Also, the services of the said app are available round the clock—that is 24*7. Other transaction methods like NEFT take up to ...