Advancements in technology have given you mobile apps for everything from shopping, ordering food, and getting health advice to making payments, investing in securities, and banking. Whether personal or business, it is never easy to stay on budget. To achieve financial success, you need to have a monthly or weekly budget and stick to it.
When you are just starting as an individual or a business person, knowing how much you spend on your earnings regularly is an essential habit you want to cultivate. Without the right support, it may not be possible to budget. Moreover, if you don’t have control over your expenses, you will find it difficult to save or invest more money in business. With a net banking app, you can learn to manage your finances, whether personal or business.
IDFC FIRST Bank offers you the most advanced mobile banking app, which helps you to set your financial goals and monitor them regularly. Most people, particularly millennials, have a personal budget to handle their money effectively. The IDFC FIRST Bank online bank app has built-in smart tools to manage your money, save and invest more of it, and maximize returns. Here’s how you can do it.
- Open a bank account online
A bank account helps you manage your personal and business finances well. It helps you learn to invest and save money. Other than keeping your money safe, a digital bank account allows you to use it and get returns. The IDFC FIRST Bank mobile banking app helps any eligible person to open a personal savings account or business account through an online bank registration. With it, you can easily carry out all your day-to-day financial transactions and is an ideal solution to all your banking needs.
You can open a savings account online by providing your personal details like your full name, date of birth, mobile number, email address, employment status, and PAN Card and Aadhaar Card numbers. Also, upload the scanned copies of essential documents for verification.
The IDFC FIRST Bank activates your bank account after processing your details and completing electronic KYC (Know Your Customer) verification. You can transfer funds and save more through compounding every month on your account.
- Track your expenses
The IDFC FIRST Bank mobile app helps improve your financial responsibility and money-management skills through distinctive features. You can use smart filters to categorize your financial transactions based on the type or name of the expenses and mode of payment. It helps you to monitor your expenditures and know where you have overspent and when to reduce to improve your finances.
- Pay your bills on time
If you want to learn to manage your money successfully, pay your bills promptly. You can avoid penalties or late fees, which may erode your savings in the long run. With a strong payment history, you can enjoy competitive interest rates and improve your credit score. The IDFC FIRST Bank mobile banking app allows you to schedule your credit card and utility bill payments and pay them before the due date.
The ‘Autopay’ option helps you pay the recurring bills in full or EMI automatically before the due date. The other option is ‘QuickPay’, which does not require any registration. You can use it to pay your credit card bills or utility bills like electricity, insurance premium, gas, and DTH. The IDFC FIRST Bank Bharat Bill Payment System (BBPS) also helps you make quick bill payments.
The IDFC FIRST Bank online banking services also provide easy funds transfer through NEFT, RTGS, IMPS, and UPI.
- Monitor your bank account
Manage your money successfully by checking your banking activities regularly. You can check your account balances anytime on the mobile app and set up alerts for any missed payments, low minimum balances, excess spending, upcoming payments, and high-amount purchases.
- Start investments
Using the IDFC FIRST Bank mobile app, you can start investing your extra savings in equity or fixed deposit schemes to earn better returns.
In conclusion, you can download the IDFC FIRST Bank mobile app now and learn to manage your personal or business finances online.
