While looking for banks on the internet to open a bank account, you must prioritize a few features to save more in the long run. Among them, the bank must offer decent mobile banking services. With online payments increasing in India, a mobile banking app can make or break your savings and investment journey. Let us look at the most popular and safest banking apps in 2023.
Which features constitute a safe online banking app?
You can find the following features in any safe online banking app that helps you save money and invest it in reliable investment schemes, all in one place:
- Quick and secure money transfers
Online money transfers are becoming the norm in India. So, what distinguishes one money transfer app from another? It is the speed, security, and efficiency of money transfers. A preferable mobile banking app allows you to transfer money fast without worrying about security.
- Investment options
Both saving and investing-related features must be present in the mobile banking app to be considered effective in India in 2023.
- Efficient customer service
Any bank with a professional customer service team to help resolve its customers’ queries already offers high-quality mobile banking services. The number of banks focusing on customer service is increasing in India, with banks like IDFC FIRST Bank leading from the forefront.
- Reliable security features
Reliable mobile banking apps offer more than one method to secure your bank account from an unidentified user. Banks have started introducing biometric login mechanisms to add a layer of security.
- Features that help you learn from past expenditures
An IDFC FIRST Bank speciality, the “Track Your Expenses” feature has inspired a lot of other banks to incorporate a similar feature in their mobile banking apps. It helps the customer categorize and analyse their previous expenses to save more over the period.
The safest banking apps for opening a bank account
Here is our list of the best and safest banking apps of 2023. You can choose any of these accounts and start your saving journey:
- IDFC FIRST Bank’s mobile banking app
IDFC FIRST Bank is a strong contender for the best mobile banking app in 2023. In addition to the benefits already enlisted above, it has extra features like a user-friendly user interface to instantly access bank statements, open Fixed Deposit accounts, and pay your loan EMIs, etc.
- Axis Bank’s mobile app
The Axis Bank mobile app allows you to access all of your bank accounts through the app besides, helping you recharge your prepaid mobile or DTH connection and access your credit and debit cards. You can also make seamless fund transfers through this app.
- HDFC Bank mobile app
The HDFC Bank app also has a “lite” version that is more accessible. You can unlock the app with your Face ID and stay updated on everything related to your HDFC Bank account.
- SBI YONO mobile banking app
The SBI YONO app helps you pay utility bills, avail of platinum debit cards, and order chequebooks through the app. It also has an efficient user interface!
- Bank of Baroda M-Connect Plus app
The M-Connect Plus app launched by the Bank of Baroda offers various options for money transfers. In addition, it helps you link all your accounts on one Client ID.
Select any one of these accounts and get off to a great start on your long investment journey!
