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Step-by-Step Instructions to Get the Most Out of Mobile Banking

Mobile banking has emerged as one of the most convenient and reliable banking systems in the recent times. Daily functions like transfers, payments and several other banking procedures that usually require you to visit a bank can be taken care of on your phone. The main aim behind mobile banking is to provide mobility to people, enabling them to transact anytime and anywhere. Most banks also offer mobile applications solely dedicated to providing convenience of easy banking to their customers.

Here are some of the major functions to help you get started with online mobile banking:

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Easy Account Management

With mobile banking, all your account information is right at your fingertips. All you need is a smartphone and an internet connection. Once you log in to your account, you can easily check your balance, account history, or any required information related to your transactions. You can also generate mini-statements directly from the application making it easier to manage your finances.

Instant Fund Transfers

With a robust mobile banking application, you can control the flow of funds from and to your account, seamlessly. Mobile banking apps give you accessibility to schedule transfer of funds. You can even set the schedule to one-time or recurring transfers. Apart from that, options such as NEFT and IMPS are available, which can be used according to the urgency and nature of your fund transfers.

Easy Cheque Deposits

Several banks have introduced a new feature of allowing customers to deposit cheques through their mobile banking application. With this feature activated, all you need to do is to click a picture of your cheque (both sides) and upload it to the mobile app. Your money is securely deposited once you get a confirmation from the bank.

Bill Payment

On your online mobile banking page, you can also schedule your utility and phone bill payments. All you need to do is to input the agency details. Next, choose the type of account – savings or current, from which you would want to pay. After filling in the amount, select the date on which you would like to make the payment. Also, you can keep a tab on all your recent payments, and recipient-wise bill history.

Security & Privacy

Mobile banking apps are also a highly secured option even in this era of increasing online frauds. Make sure you follow some simple security rules. Ensure that your smartphone is password protected so that only you can access it. Creating or having a password, which cannot be easily guessed, can also be helpful for a safer mobile banking experience.

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