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Banking operations have seen a drastic change since 2000. First came the web service, also known as internet banking, where customers could login to the bank’s website and easily connect with their account. After demonetization and widespread digitization of the Indian financial landscape in 2016, phone based applications circulated by banks became a popular mode of banking. They are convenient, ever present and loaded with features we need for our daily finances.
What is a banking app?
It is an application designed for mobile platforms. Basically, it is a bank on your phone, and to complete a transaction you just need a couple of taps. These apps are available for major mobile operating systems like iOS and Android. Banking Apps are free; you just need to download your bank’s app from the Play Store or App Store, login using your credentials and start transacting from your phone.
Once you download the application on your phone, you will be asked to register (in case of new users) or login using your login details. After login you will see the App’s dashboard or home page depicting all the basic information related to your account.
The features you should look for in a banking app:
How to pick a banking app?
Usually, your primary banking partner will have a banking app; you can download that as per your mobile device. Check customer reviews and consider App Store and Play Store ratings. This will help you to understand the app’s general performance.
Instant Savings Account Opening App | Mobile Banking App | Open Savings Account Online | Online Zero Balance Account Opening | Kotak811
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