{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/savings-account\/what-is-mobile-banking-setup-steps-and-benefits\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/savings-account\/what-is-mobile-banking-setup-steps-and-benefits\/","headline":"What is Mobile Banking?","name":"What is Mobile Banking?","description":"Imagine being stuck in a long queue at the bank, watching the minutes tick by when you could have been spending that time with family or on your personal projects. It’s a digital world today where convenience and flexibility are highly prioritised by everyone, especially in managing finances. That’s where mobile banking comes in. It...","datePublished":"2024-11-13","dateModified":"2024-11-13","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/What-is-Mobile-Banking.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/What-is-Mobile-Banking.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/savings-account\/what-is-mobile-banking-setup-steps-and-benefits\/","about":["Savings Account"],"wordCount":1354,"articleBody":"Imagine being stuck in a long queue at the bank, watching the minutes tick by when you could have been spending that time with family or on your personal projects. It’s a digital world today where convenience and flexibility are highly prioritised by everyone, especially in managing finances. That’s where mobile banking comes in. It eliminates the need to rush to the bank before it closes or waste time standing in queues. It’s the solution to tedious banking hassles and puts the power of a bank branch right in your pocket.What is Mobile Banking? A Brief Overview To define mobile banking in simple words, it refers to the ability to access banking services via a mobile device, such as a smartphone or tablet. It includes everything from transferring funds and paying bills to opening a savings account and even applying for loans.How Mobile Banking Works So, with the mobile banking meaning clear, let\u2019s now understand how it works. Mobile banking operates through a secure application provided by your bank. For example, IndusInd Bank provides the IndusMobile app, which allows you to manage your finances 24\/7.Here\u2019s how it generally works:Download the banking application from the Google Play Store or Apple App StoreOnce installed, you will need to register with your net banking\/debit card\/credit card\/vehicle loan credentialsAfter registration, create a secure MPIN (Mobile Personal Identification Number), set a pattern lock, or enable biometric authentication to log in to the app and authorise all transactionsOnce you have logged in to the IndusMobile app, you can avail 75+ banking services through the app’s dashboard.Benefits You Enjoy With a Mobile Banking App 24\/7 Accessibility Whether you are at home, work, or any other location, you can check your transaction history, transfer funds, and pay bills with just a few clicks on your mobile phone. You can even make mobile\/DTH recharges, cab bookings, and food orders easily. This 24\/7 access is especially valuable for those with busy schedules or for managing time-sensitive financial matters after hours.Open a Savings Account Instantly Let’s say you want to open the IndusInd Bank Indus Delite Savings Account to take advantage of its no minimum balance requirement. The entire process to open this zero-balance savings account through the IndusMobile app is simple and 100% online.Just apply, enter your personal details, provide your PAN and Aadhaar card details, and add funds. No physical paperwork or bank visits are needed.You enjoy a range of additional benefits with this digital savings account, such as:FeatureHow it Benefits YouCustomisable account numberChoose a personalised account number, such as your birthdate or a sequence of your choicePremium discountsEnjoy 20% savings on Swiggy orders and 10% off on BigBasketMovie benefitsEnjoy a \u2018Buy 1 Get 1\u2019 free offer on BookMyShow movie ticketsComplimentary insuranceBenefit from insurance protection of up to \u20b91.5 lakhCashbackGet 5% cashback on fuel, entertainment, and OTTNote: The discounts, movie benefits, insurance, and cashback are all exclusive to the Delights Debit Card, which you can apply for online.Now what\u2019s the wait for? Open an online zero-balance account and get started with IndusInd Bank today!Real-Time Transactions With mobile banking, transactions such as fund transfers, bill payments, and mobile recharges happen in real time, which means the updates and account balances reflect immediately. This speed is especially beneficial in emergency situations where quick fund transfers are crucial.Bill Payments and Scheduled Transfers You can also schedule payments for regular expenses such as rent, utilities, or subscriptions so that you never miss a due date. This automation simplifies financial management and also helps you avoid late fees.Rewards and Offers A mobile banking application also provides access to exclusive rewards and offers. You may enjoy cashback on purchases, discounts on shopping, and special deals on travel and entertainment. These perks provide additional value and savings on your everyday purchases.More Value-Added Services Beyond basic banking functions, mobile banking apps offer numerous other services, including:The ability to apply for loansOpen fixed deposits and recurring depositsInvest in mutual fundsAccess credit card details and loan informationTransfer funds instantly via SMS, email, or social media Instantly block your lost debit card directly through the app, and moreAlso Read: Steps to be Taken If Your Bank Account is FrozenMobile Banking | The Future of Banking in Your Hands With features like instant money transfers, bill payments, transaction history reviews, direct access to customer support, and customisable notifications, a mobile banking app empowers you to perform countless banking activities anytime, anywhere.To manage your finances more effectively, consider opening the IndusInd Bank Indus Delite Savings Account. This digital savings account not only integrates smoothly with mobile banking but also offers additional perks. These include zero balance requirements, a competitive interest rate, customisable account numbers, cashback offers, exclusive discounts, and insurance coverage with the Delights Debit Card. Apply today!Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.Share This:"}