By Having a savings account is no less than a blessing. It pays modest interest which acts as an extra earning. There is low risk, easy access via an app and free transactions. The initial investment to open the account is also quite affordable. Withdraw money from your nearest ATM anytime when you need funds from the savings account. You must be wondering which is the simplest way to start savings banking? Read on to know.
Use a Mobile App
The best-in-class app offers the facility to open a savings account. It can be done from your home, at the workplace or anytime on the go. This service is absolutely free of cost without hidden charges. The opening process is simple. Follow these steps:
Step 1: Download and install the app from Google Play Store or App Store
Step 2: Click on ‘Open Savings Account’ on the main page.
OR
Step 1: Click on login and click on the three dots in the top right corner.
Step 2: Click on ‘Open Savings Account’
You can talk to bank agents on live chat or call if you have doubts. They are happy to assist users with instant online bank account opening.
Top Benefits of Using the App for Savings Account
The top benefit of using a good app is that 28 savings account-related services are offered free of cost. This will include money transfers to any bank via NEFT, IMPS or RTGS without adding a beneficiary. You may also apply for debit card issuance and credit card re-issuance. Link the account to see the balance and statement from time to time. Having an app helps you track, analyse and manage your savings account online.
You no longer have to worry about scammers on the app. It follows RBI safety standards like 2-factor authentication. Nobody can access your account unless both factors have been decoded which is extremely hard. A SIM Binding feature protects your data. Users have to set up a user ID and password or a mobile number and MPIN. Face ID and fingerprints are also available to prevent hacking.
However, the bank requests users to be careful on their end. Try not to store your PIN and passwords on the phone. If you do, lock your device. Do not give away your account details to anyone. Know that bank agents will never ask for confidential information.
Other Services
Using an app opens door to plenty of other banking activities. You can get personalised offers across loans, buy insurance, invest in mutual funds, create an FD, recharge your phone and FasTag and clear all your utility bills. Online credit banking is also allowed and you can pay credit card bills, manage credit card payments and redeem card rewards. All of these can be done under one roof with one-swipe banking.
IDFC FIRST Bank’s Optimus App is currently the best in the country. It has exciting features and advanced technologies. The app is clutter-free with easy navigation which altogether offers a fresh banking experience to all.
