5 Benefits of an Online banking app

  Most banks provide people with the facility to open their bank accounts online through the bank’s website or their app. Bank accounts help people carry out their transactions and avail of the various services provided. Carrying out transactions through a bank app is very convenient and safe. There are a few steps you need to follow to open a bank account. Some people are confused and stuck during the KYC (Know Your Customer) process while opening their bank account. In this article, we would provide you with a few simple steps that you can follow to complete the process smoothly. 1.       Submit your identity proof While opening your KYC bank account , the bank would need your identity proof to open your account. You could submit your AADHAAR card, PAN card, or any other government-issued document to the bank. You need to submit a copy of these documents to the bank as they would save it in their database. If you plan to complete the process onl...

Banks help you transact money and keep a track of it easily. Most people are opening their bank accounts online these days as it is efficient and safe as well. Banks, nowadays, have an online presence on the internet and encourage their customers to visit their sites for relevant updates. You could avail of the benefits offered by your bank and check their website and apps to avail new offers and services. You can also open a new bank account online or via their mobile app. Some people avoid opening a bank account online due to the myths related to it. In this article, we would be debunking a few myths about opening a bank account online. 1.   Data   could be shared without the user’s consent Some people think that their data would be shared without their consent while opening their new bank account online, which is not true! The data which you provide on the bank’s website or their mobile app is not shared with any third party companies. In some cases, you may rece...

  If opening an account in the Bank Online sounds scary to you, it’s not! It is not as complex as it sounds; it is very similar to opening an account visiting the nearest branch. You don’t need to wait in the bank as you could open an account online in less than 10-15 mins. There are just a few easy steps you could follow to open a bank account online. Given below are the steps to open your bank account online. 1.You would require to fill in your details Once you go to the bank’s website and click on the ‘open new account’ button it would ask you to fill in all your details on a form. These personal details would include name, address, age, email id, mobile number, etc. You would need to ensure that all the details filled in are correct as it may cause an inconvenience in the future. The bank would then send you an OTP on your registered email id and mobile number which you would be required to enter. These details are then saved in the bank’s database. 2.You would be asked ...

       Due to digitalization, a lot of bank users have started using the mobile banking app as it is more convenient and easy to use. Most banks provide you with the option of banking through an app. You could easily access a mobile banking app through any of your devices such as phone, laptop, tablet, etc. There are various benefits of using the banking app. Here are 5 reasons why you should use a banking app. 1.      You can easily carry out transactions Transactions are made much simpler using the mobile banking app. The app gives you access to carry out transactions at any time; you can easily carry out transactions sitting in any corner using the app. You could complete the transaction within seconds with just a few clicks. The app also provides you with detailed information about the transaction which helps you to have much better clarity about it. 2.      You could start investing using the banking app Mobile ...

  Phone banking helps you to complete a wide range of transactions easily at your convenience from the comfort of your home. You will have to follow easy steps to complete the registration to make your phone banking account on the bank’s mobile app or you go log on to their website. Phone banking has many benefits and uses and is being used by the majority of the people during the lockdown. The features have made life with phone banking much easier. Given below are some of the features available: 1.It is quick and has easy access. Phone banking could be done quickly as it means you do not need to stand in long queues or need to search for your nearest branch to carry out any transaction, instead you could just carry out the transaction with your phone while being at home or in your comfort zone. It is quick and you can access your accounts easily.   2.It is safe to use and reliable It has end-to-end encry...

  Nowadays, most banks have account opening apps that help people to open an account easily. These apps are customer-friendly and have clear instructions about how to go through each process. You could call the customer service number which is usually available 24/7 for any query you come across. Are you wondering which the best instant account opening app is? Here are 5 tips that may help you in finding the best bank account opening apps. 1. The bank should offer high-interest rates While finding an instant account opening app, you should check the interest rate the bank offers. You should usually try to find a bank that offers high interest rate on your savings in the bank. Various banks offer different interest rates to their users depending on the type of account you wish to open. You should check the interest rate on the type of account you are planning to open and compare the banks according to that rate and find th...