Mobile banking is growing in popularity, with more and more people reaching out for smartphones to carry out financial transactions. People, particularly millennials and generation Z, find it easy to manage money through online banking, without visiting a bank. Banks encourage them by providing safe, convenient, and secure personal internet banking services, which promote financial health.
With more financial institutions offering mobile applications, customers’ expectations are changing. The banks that fail to live up to those expectations risk losing customers. Other than considering the quality and security of a banking app, customers look for the features like opening an instant bank account, managing money, checking account balances, making quick fund transfers, and receiving notifications and alerts. You can apply for a bank account online using the electronic know-your-customer process.
Banks use an eKYC process to electronically verify a customer’s credentials, avoiding tedious in-person verification. IDFC FIRST Bank offers you one of the best online bank accounts with distinguishable features like competitive interest, unlimited ATM withdrawals, and higher POS limits. With a savings account, you can easily make payments, invest in securities and manage your money through budgeting.
The mobile banking app of IDFC FIRST Bank helps you open an appropriate bank account online via video conferencing, wherein the bank ensures that you meet the essential eligibility requirements. The IDFC FIRST Bank personal internet banking app is known for its advanced security, clear design, and user-friendly features.
Know how to open a bank account on a mobile banking app
You can open any type of savings account on the IDFC FIRST Bank net banking app. There are savings accounts designed for women, senior citizens, minors, students, NRIs, festivals, and army persons. Opening a digital bank account is a paperless process, and it includes:
- Downloading the IDFC FIRST Bank mobile app on your smartphone
- Keeping your PAN Card and Aadhaar Card or Voter’s ID ready for entering the details
- Filling in your registered mobile number, PAN Card number, Aadhaar Card number, and email address, and verify the OTP (One-time password) received on your Aadhaar-linked mobile phone
- Providing your details like your full name, contact address, date of birth, age, employment details, and other relevant information.
- Upload the digital copies of your Aadhaar Card, or Voter’s ID Card, PAN Card, and your signature to authenticate your details
- Verifying the details by receiving an OTP
- Transferring money via net banking, UPI, or debit card payment method to your new Savings Account
- Completing electronic KYC verification through a video call from the bank
Your online bank account will get activated within a few hours, and you can start receiving or making payments.
Some advantages of opening a net banking account
With a digital bank account from IDFC FIRST Bank, you can carry out basic financial transactions, as well as set up automated payments, budget, and invest money. By fulfilling the eligibility requirements, you can enjoy transaction benefits and rewards. The IDFC FIRST Bank savings account also offers you Visa Signature Debit Card with vouchers worth Rs 3000 on:
- Account activation
- First bill payment
- Money transfer
- First debit card transaction
- First UPI payment
- Starting an FD account
Other than these benefits, IDFC FIRST Bank mobile app ensures that your account is secured through multi-factor authentication and other advanced security measures like face recognition and fingerprinting.
If you are new to mobile banking, don’t hesitate; you can download IDFC FIRST Bank’s mobile banking app and apply for a bank account online easily.