Whenever we think of consumer banking apps in India, we generally think of savings accounts and their various features. In this article, we discuss the features that must be present in your net banking app that can help in making your credit card more accessible. You must look for the following 6 features in your net banking app to access your credit card(s) better.
You should have access to your credit card details through your banking app
An efficient consumer banking app offers increased access to one’s credit card. IDFC FIRST Bank’s mobile banking app, for instance, offers customers access to all the details of their credit card such as the credit card number, PIN, CVV code, etc. You can also opt for adding an extra layer of security to your credit card’s access through the app.
You must be able to track your credit card’s repayment cycle
If you have availed a credit card before, you already know the significance of a credit card repayment cycle. You should be able to access all the details of your credit card’s repayment cycle through your consumer banking app. This will help you repay your dues faster and more efficiently.
The app must support all payment methods
IDFC FIRST Bank’s mobile banking app offers customers a variety of online money transfer options to repay their credit card dues. You can choose UPI (Unified Payments Interface), the “Auto Pay” feature, or the “One-Swipe Pay” feature to make this payment. While making payments to any recipient, you can also use NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) on the IDFC FIRST Bank mobile app.
Your mobile banking app should offer doorstep banking services
For current account holders, IDFC FIRST Bank provides efficient doorstep banking services and free bulk uploads. You can also order chequebooks and credit/debit cards through the app. Current account holders are also provided with the best-in-class POS, QR, and Payment Gateway facilities to facilitate more efficient business transactions. Through these services, the business owner can easily access their previous transactions through the app.
POS hardware must be integrated with the app
If you are a business owner and have opened a current account with a bank, the POS hardware must be seamlessly integrated with your bank’s mobile banking app. This integration will help you track your business’s daily transactions better and thereby run your business more efficiently.
Tracking transactions through the app should be a seamless process
Popular mobile banking apps of the day also allow customers to increase their savings by helping them budget well. IDFC FIRST Bank’s “Track Your Expenses” feature helps customers budget better by tracking their previous expenses. The app also has a feature that helps customers categorise their previous expenses to improve their financial planning while budgeting for the future.
If you have the above-mentioned features in your mobile banking app, you can have instant access to your credit card and manage your business in a much more effective way if you have a current account.
What did we learn?
- 1 You should have access to your credit card details through your banking app
- 2 You must be able to track your credit card’s repayment cycle
- 3 The app must support all payment methods
- 4 Your mobile banking app should offer doorstep banking services
- 5 POS hardware must be integrated with the app
- 6 Tracking transactions through the app should be a seamless process