5 key benefits of opening a bank account online

The use of smartphones has brought significant changes in the ways people perform banking activities. They could do financial transactions from anyplace by using versatile banking applications. Mobile banking apps are gaining popularity, for they offer easy accessibility and several easy-to-use banking features. Moreover, such top banking apps like IDFC FIRST Bank mobile app offer tremendous opportunities for the bank to connect with their customers directly and provide the best and efficient service every time.

How to open a new bank account online on IDFC FIRST Bank mobile app?

To get complete access to an online banking app, you need to download and register your name and account with it. Once you have successfully done it, you can do all the banking activities, even opening a new bank account. With the safe and secured mobile app, you can open bank account online by logging into the app using your ‘Username’ and ‘Password’. The rest of the process includes:

  • Filling out your name, mobile number, email address and city
  • Providing personal details, including your PAN and Aadhaar details
  • Submitting essential documents
  • Undergoing eKYC process, and
  • Activating your account

A new savings bank account offers several benefits to customers such as a competitive interest rate, free and unlimited ATM transactions, higher POS limits and cashback offer.

Several other benefits of having an IDFC FIRST Bank net banking account

With an online bank account, you can enjoy other advantages like:

Link and view all your bank account balance:

The user-friendly tools on the IDFC FIRST Bank safe online banking app allow the customer to link all accounts of different banks in one platform and manage them easily. They can check the total balances, transactions, money transfers and manage money without shifting from one bank account to another.

Personalized bank offers across loan categories

The online banking helps the user avail different types of personalized loans such as an instant loan, home loan, car loan and personal loan to fulfill your immediate requirements like education, medical expenses, renovation of your home, marriage, purchase of home appliances, and so on. You can avail such loans at comparatively low interest.

Purchase health, term and car insurance

Insurance makes us feel financially safe and secure. With such safe online apps, you can purchase unit-linked insurance plans and make premium payment online easily. The online app will send you alerts about premium dues, maturity and so on.

Scan and pay UPI feature

The app facilitates the customer to pay and accept payments instantly on the Unified Payment Interface (UPI). It helps you generate a UPI QR code and use the ‘Scan & Pay’ feature to pay. Most banking apps offer UPI transactions for free of charge and the payments are instantly credited to the account.

Credit Card Rewards Redemption on the app

You can apply for a credit card through a IDFC FIRST Bank banking app, which is free of charge and valid for lifetime. This will help you to pay bills, purchase household items, shop online at low or zero interest and gain points for each purchase. You can use these reward points to pay for shopping online or at a store. Moreover, you can also withdraw money at the ATM at a low interest rate ranging from 9 to 36 percent.