Features of the top 5 banking apps in India

by Giselle Lobo Writer & Blogger

Almost every bank in India has developed a mobile banking app for its customers. These apps encourage customers to transact in a cashless manner and, at the same time, enhance the convenience of banking. While numerous apps are available free, a select group have managed to become the most popular and widely used net banking apps in the country.

Here is a look at the five most widely used mobile banking apps, along with the features of each.

HDFC Bank mobile banking app

HDFC is one of the largest Indian banks and reflects the same extravagance. Customers using the app can choose to view a summary of the details of the account and the transaction history. Additionally, the app also allows you to transfer funds to other accounts. Similarly, you can use the program to pay the utilities and credit card bills. Owing to its high popularity in India, the app is available in a LITE version as well as in Hindi language.

ICICI iMobile app

With a rating of 4.5 on the Google Play Store, the iMobile banking app has been downloaded over 10 million times. Apart from conducting transactions, paying bills and maintaining a record of the account, the app also allows users to open recurring and fixed deposit accounts in a convenient manner. Furthermore, the app can also be used to locate ICICI bank ATMs in the proximity of the user. ICICI constantly updates the app with newer features. In fact, a newer option has been introduced, which allows users to check personal loan eligibility through the app. Furthermore, one can even avail such a loan through the application.

Axis Mobile app from Axis Bank

One of the most stable banking apps, Axis Mobile can be used for the usual fund transfer and bill payments. However, what sets it apart is the application’s feature through which you can schedule credit card bill payments for a particular date every month. The app can also convert these credit card payments into EMIs. If required, you can block credit cards using the app as well.

Digibank by DBS

What is the purpose of net banking apps? No paperwork, no charges for digital transaction and no rules for minimum balance maintenance. That is what Digibank by DBS allows you to do. They have moved away from one-time passwords and security tokens era. Digibank have automatic authentication that runs in the background and keeps the money secure. So, just grab your phone and in few taps, you can enjoy all the conventional banking facilities.

Anywhere Personal Application from SBI

Formerly known as the State Bank Freedom app, this application allows customers to choose between Hindi and English as the default language. It allows you to transfer funds and maintain a detailed record of your bank statement online. The application also houses a mCash feature, using which customers can transfer funds to a given mobile number or email. Furthermore, you can pay the premiums of your SBI life insurance policy as well.

Therefore, download the application that coincides with your bank. It will make your life simpler and improve the way you deal with finances.