Pandemic has led to several lifestyle changes like contactless shopping, social distancing, online learning, Internet banking, and work from home. These changes have given banks a great opportunity to enhance their mobile banking services.
Most banks like IDFC FIRST Bank try to respond to the new changes and capitalize on them. They offer the best consumer banking services online to enhance customer experience, accelerate growth, and improve competitiveness.
With more and more mobile phone users relying on the digital transfer of funds and payments, the use of a mobile banking app is increasing. If you are looking for the best online banks in 2022, you should look for the one that offers the best consumer banking solutions. Here are the top five of them you should consider.
- Checking bank accounts
With the IDFC FIRST Bank mobile app, you can have easy access to your bank accounts, like a savings account or current account. It allows you to link your accounts with IDFC FIRST Bank and other banks and view the balances on a single platform. By monitoring your bank accounts, you can plan your purchases and payments. You can also transfer funds from one account to the other that has a low balance and save money on penalties or fees charged for it.
- Open a digital bank account
The mobile banking app from IDFC FIRST Bank is known for offering a positive customer experience through unique consumer banking services. It assists you in opening a savings account by undergoing Internet banking registration on the app. The paperless process allows you to submit your personal details with supporting documents for eKYC verification.
You can choose any type of savings account to suit your purpose. Some of the common ones are the senior citizen savings account, minor’s savings account, FIRST Power, and NRI savings account. They offer you competitive interest, limitless ATM withdrawals, free fund transfers, and other general banking services. IDFC FIRST Bank net banking service also helps you open a fixed or recurring deposit account on the app and earn high returns. You can also view the deposit summary and close it if you want to.
- Apply for a credit card
With the best net banking app, you can apply for a credit card. IDFC FIRST Bank offers you different types of credit cards like FIRST Classic, FIRST Millennia, FIRST Select, and FIRST Wealth, which come with amazing features like no or low interest on cash withdrawals, low monthly interest, and rewards and redemption.
- Get an instant personal loan
Consumers choose a banking app that helps them apply for an instant personal loan with minimal documentation. IDFC FIRST Bank requires you to submit a duly filled personal loan application with necessary documents such as the scanned copies of an Aadhaar Card and a PAN Card online. After successful verification, it approves the loan. If it is a pre-approved loan, the bank takes a few hours to process and sanction it. You can get a personal loan for a medical emergency, home renovation, child’s education, and buying consumer durables.
- Make bill payments easily
You can manage your bill payments on the app by scheduling them before the due dates. The mobile banking app allows you to choose NEFT, RTGS, or IMPS to make payments by adding a beneficiary. You can also use the UPI method to pay the utility bills quickly.
The consumer banking services mentioned above are the basic yet essential ones that most users want a banking app to provide. If you are still looking for a suitable app, download the IDFC FIRST Bank mobile app now.