Having a budget and within it is often challenging. You may not be able to meet your financial obligations if you don’t receive your payments on time. Also, not having control over your spending or expenses will leave you with no savings. If you want to manage your finances effectively, you need to budget carefully.
You can keep your money safely and securely in banks. Using net banking services, you can manage money by transferring funds, making payments, and investing in equity and various deposit schemes. IDFC FIRST Bank helps you manage your money efficiently through its advanced mobile banking app, which has several distinctive features to budget and balance it to invest for higher returns.
If you are one of those who want to track your spending to save more anytime, you can do so with the most reliable mobile banking apps for android, which help create a budget. With the latest net banking app from IDFC FIRST Bank, you can have a workable budget to achieve your financial goals.
Most people, particularly millennials, want an app to help save money by tracking and regulating their spending. IDFC FIRST Bank offers you the best online bank app with smart features to stay on top of your finances. Here are some ways how it helps you manage your finances.
- Track spending
The mobile banking app of IDFC FIRST Bank helps you to link your various bank accounts to check the new transactions and balances anytime. Similarly, it also gives you an option to link your credit card accounts to have a view of debit transactions and new purchases. Using smart filters, you can group the expenses under various heads based on the category, mode of payment, and amount. It will help you to know where you overspend and how much to cut back to save money.
- Make payments and fund transfers
You can use IDFC FIRST Bank’s mobile banking service to pay off your utility and credit card bills on time. The banking app allows you to set up an ‘Autopay’ option to schedule your payments and pay the entire EMI or bill amount. You can also pay your credit card bills using an Adhoc payment option. Using due date trackers, you can schedule the payment of bills before the due dates to avoid late payment charges.
With the net banking app, you can pay your utility bills related to the DTH connection, electricity, LPG, and insurance through the ‘QuickPay’ option, which does not require any beneficiary account. For transferring funds, you can use NEFT, RTGS, and IMPS payment methods by adding the beneficiary’s name. There is also an integrated UP app to make instant fund transfers using a virtual UPI address.
- Open a digital bank account
To save and invest money for higher returns, you need a bank account. The IDFC FIRST Bank mobile app facilitates the easy opening of an instant savings account through a simple registration process. With an Aadhaar Card and PAN Card, you can open a digital account by providing your full name, address, email address, and Aadhaar-linked mobile number.
IDFC FIRST Bank conducts e-KYC (Know Your Customer) verification which does not required your physical presence and activates your savings account to help you carry out financial transactions and manage your money.
- Track your banking activities
If you want to manage your money successfully, you need to monitor your bank account regularly. By setting alerts and notifications, you get to know the interest charges, missed payments, and low minimum balances. The latest net banking app from IDFC FIRST Bank also helps you to receive notifications for funds received, large purchases, upcoming payments, and unauthorized intrusions.
In short, if you want to manage your money safely, you can choose to download the IDFC FIRST Bank mobile banking app and be a smart saver in 2022.
