Why safe online banking is the future of banking apps

With the increasing volume of digital payments, the Reserve Bank of India (RBI) has repeatedly highlighted the importance of the security of online transactions through various notifications and press releases. Safe online banking is a new priority for banks across India, including IDFC FIRST Bank and other top banks in India.

Every bank assumes this responsibility as its top priority and provides customers with various options to secure their transactions.

Which is the safest online banking app?

Every mobile banking app in India tries to provide a safe banking experience. Some apps succeed at it more than others, giving their customers the freedom to bank the way they like.

While every banking app offers some level of safety, IDFC FIRST Bank’s mobile banking app is considered India’s safest online banking app. Here are a few reasons why:

  • Two-factor authentication: IDFC FIRST Bank ensures that only you can access your bank account.The two-factor authentication system does it, verifying your identity in two steps.
  • Biometric login: You can enable the biometric login option to add an extra layer of security to your transactions.
  • A responsive customer service team: If you wish to raise a complaint regarding a transaction’s safety or want to know more about anything on the app, you can reach out to IDFC FIRST Bank’s customer service team. They offer 24×7 support, helping resolve your queries immediately.
  • Tips to ensure safety on the mobile app: IDFC FIRST Bank’s educational initiatives are one of the few reasons why its app is considered safe and reliable. The bank takes it upon itself to remind customers to follow good practices – both online and offline – to keep their bank accounts secure.

How important is a net banking registration after opening a savings account?

The most important step after opening a savings account – whether online or offline – is registering for the bank’s net banking service. With a reliable and quick net banking service, you can transfer funds quickly and apply for loans and credit cards in minutes. IDFC FIRST Bank’s net banking service offers the following benefits to its customers:

  • Online account opening
  • Bank-from-home
  • Easy money transfers
  • Regular savings
  • Loan management
  • Timely payments

Besides the above benefits, IDFC FIRST Bank’s net banking service provides a unified banking experience across devices, allowing you to access your bank account from the connected device of your choice. It offers the best solution to paying their bills quickly through various online channels such as UPI and NEFT.

IDFC FIRST Bank also ensures customers are updated with the status of their loan applications through the mobile banking app. The banking ecosystem, comprising both the net banking service and mobile app, helps increase your savings with monthly interest credits and a facility to analyze and categorize your previous expenses.

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