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Mobile phones with banking apps are not just a device to transfer funds and make payments. Instead, they help you with wealth management and make smart financial decisions. People’s reliance on mobile banking is increasing. Most competitive banks help their customers carry out financial transactions and manage money through investment on a smartphone with their unique mobile apps.
IDFC FIRST Bank offers its customers distinctive mobile banking services, which help them to remain on top of their finances. Other than paying bills, you can set personalized alerts to remind you to make certain payments, notify when you exceed your expenses, and inform when you don’t have enough balance. The mobile app also helps you with the smartest investments in equity, sovereign gold bonds, and unit-linked insurance plans.
With tech-savvy Generation Zs and millennials relying heavily on an ebanking app, banks use this opportunity to give more convenience through smart features. The IDFC FIRST Bank mobile app helps you manage your money and maximize returns through various investment options.
- Mutual Funds
The latest mobile technology from IDFC FIRST Bank helps you invest your money in mutual funds managed by professional fund managers. Through mutual funds, you have money invested in money market instruments, equities, bonds, or other securities.
The banking app gives you access to the latest market information, real-time market data, and financial results. Choosing a Systematic Investment Plan (SIP) will help you to invest a small amount of money in the stock market every month. You have flexibility in choosing the amount and tenure here.
The IDFC FIRST Bank mobile app helps anyone with investments without worrying about it. As the best way to invest money, you can choose debt funds, equity funds, hybrid funds, and gold funds and invest in any of them for better returns.
- Sovereign Gold Bond Scheme
You can get better returns and save on tax as well by investing in the sovereign gold bond scheme. Any individual and entity like trusts, charitable institutions, and universities are eligible to invest in this scheme. It is an alternative to holding physical gold. You receive an ongoing market price for the gold and interest, and there is no risk of storage. The bond is redeemed on maturity for money.
- IDFC FIRST Zerodha 3-in-1
IDFC FIRST Bank, along with Zerodha, offers you a 3-in-1 account, which includes trading, saving, and Demat account to help you trade in equity, commodities, and currencies. Through the IDFC FIRST BANK mobile app, you can link the Zerodha account and view the real-time Demat holdings and funds, transfer funds, and download reports. There is no brokerage when you buy or sell shares through this account.
- Unit-Linked Insurance Plans (ULIP)
With a Unit-Linked Insurance Plan or ULIP, you can have both investment and life coverage. It is a safety net that allows you to grow your savings without any worries. IDFC FIRST Bank offers you the most suitable ULIP plans to suit your purpose. They offer you market-linked returns, maturity benefits, flexibility to switch between equity and debt, and tax benefits.
With the customers’ needs changing, an ebanking app should keep up with the times. IDFC FIRST Bank has this in mind with the advanced features to help you make smart investments.
