Skip to main content

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



Comments

Post a Comment

Popular posts from this blog

List of Banks in india and how to check IFSC Code of the banks?

There are currently 27Public sector banks in India out of which 19 are nationalized banks(though none of the nationalized banks has 100 percent ownership of Govt of India). Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank Post Bank of India Private-sector banks Axis bank Catholic Syrian Bank City Union Bank Development Credit Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank RBL Bank Nainital Bank South Ind...
Post a Comment
Read more

Why you should have a SBI Account?

State Bank of India is the largest bank in India with 23% of the Market shares. SBI has over 24000 Bank branches all over the world. SBI is listed in the top 50 global bank list and listed in the Fortune 500 company list. SBI started 200 years ago with the Mergence of Bank of Madras, Bank of Bengal and Bank of Calcutta. and named as Imperial Bank of India. In the year 1955, It was renamed as State Bank of India and Government of India took the stakes with Reserve Bank of India. Recently, SBI merged few banks into the SBI to increase their asset.  SBI has 16 regional hubs and 57 zonal offices that are located at important cities throughout India. Other Non-Banking Business SBI also has the following non-banking business that contributes to their revenue-  ·          SBI Capital Markets Ltd ·          SBI Funds Management Pvt Ltd ·          S...
Post a Comment
Read more

PPF Return in 15 Year | How to Maximize the PPF Return?

What is PPF Account? PPF is an acronym for Public Provident fund which is an account for Provident Fund that is available to everyone. Usually, PF is given to the employee by the employer as a job benefit which is known as EPF but PPF account is for everyone who wants to save the money for their retirement. The PPF account is the best account as it is regulated by the Central Government which makes the account to have a guaranteed return and one of the best Return on Investment. In this article, we will discuss the how PPF Account provides return and how to get the best returns on your investment? PPF Account Calculation for 15 Years The maturity period of the PPF Account is 15 years but it also offers a 20 year and 25 years extension for getting maximum benefit from the account. One of the best things about the PPF Account is its interest rate which is 8% P.A which is one of the highest interests by any Bank account. The PPF account can be best explained by taking the example....
Post a Comment
Read more