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What Is Mobile Banking And How To Use It?

Mobile is a device that everyone has and uses it to carry around everywhere. Mobile devices are fast featured and compact than a laptop which enables the user to carry it around. The use of the mobile devices is very common with the introduction of Smartphone that delivers the best user experience to the user carrying. Many companies and industries has now integrated the business with the Smartphone to provide seem less experience. This can also be seen on the Banking sector where the mobile devices is now featuring the use of mobile app the can help the user with the banking.

Normally, an individual spend a lot of time in lines and waiting for the turn to present to the counter for the banking purposes like money deposit, withdrawal etc. With mobile banking technology the account holder can use the mobile devices to do the payments, fund transfer, and much more that requires the user to visit the ban branch. Basically, there are two types of mobile banking one of a feature phone that works on the symbian OS and one is for Smartphone that works on Android or iOS.

USSD Banking

USSD Banking is a banking that is specifically for the Feature Phone users. It uses a symbian Os that offers a basic display with a very limiting option. The USSD Code banking can be used by dialing the *99# in the keypad and pressing the calling button. Then a screen with various option related to the bank will appear that can be chose by the user.

Mobile App

Mobile app is a easy to use and free of cost banking app available at the play store and app store for Android and iOS user to download. The interface used in the mobile app is graphical which makes it easy to navigate aroud to use the service also the use of mobile app enables the account holder to find a lot of general account detail like Bank Account Balance details. Earlier the account holder need to give a missed call using the Missed Call Banking number or to visit the bank branch to find the bank account detail but with the introduction of the mobile app. The user can find the bank balance using the mobile app. There are a lot of banking service offered by the mobile app that further facilitates the user.

Benefit of Mobile Banking

There are a lot of benefits when it comes to the Mobile Banking and are as follows-
·         Easy to use
·         Free of cost
·         Banking makes easy
·         Does not requires to visit the bank branch
·         Can be used anywhere and anytime
·         Latest Banking technology
·         Safe and secure

Source: Ask Bank IFSC Code



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