We are lucky to witness the digital revolution in India. There are almost all types of work that can be done now through mobile phones. Thanks to the digital India theme which helps us to get things done through our fingertips. During the last year, due to Pandemic Covid-19, there was a lockdown, so people have started doing banking through their mobile phones. Today in this article we will check the top mobile banking apps in India. In this comparison, we will check the banking app features and usability.
Through the mobile banking app, we can do all the transactions like check the balance, transfer money to anyone, pay utility bills, pay for online shopping, invest in mutual funds and fixed deposits, and many more.
Top Mobile Banking Apps in India
So without wasting much time, let’s jump in to check the best mobile banking apps in India. We will check the individual banking app’s features and then do a comparison to check which app is best and why.
ICICI Mobile Banking App
ICICI Bank’s mobile banking app is called iMobile. This is the most comprehensive and secure mobile banking app I have ever see and used. The app has lots of features that stand out from the other banking apps. There is no other mobile banking app that can beat the iMobile from ICICI bank.
The iMobile banking app has more than 180 banking services which are unparalleled. This unique mobile app provides you the features like balance check, money transfer, credit card bill payment, utility bill payment, opening a new PPF account, apply for a new chequebook, invest in fixed deposits, invest in mutual funds, and more.
iMobile – Key Features
- Check account balance
- Transfer money through NEFT/RTGS/UPI
- pay utility bills
- Book railway tickets
- Book hotels
- Pay Government Tax
- Create and manage UPI ID
- Find local deals and discounts
- check issued cheque status
- Submit a request for a new cheque book
- Open new PPF account
- Deposit funds to PPF account
- Invest in mutual funds via iDirect
- Purchase life insurance and general insurance
- Do mobile and DTH recharge on the go
- Secure with Fingerprint sign-in/Face Recognition
- Forex services like fund transfer and currency converter
- Positive pay by iMobile
- Apply for Fastag
Download Link for iMobile
YONO by SBI
Another famous mobile banking app is YONO by SBI (State Bank of India). This one is famous because of its wide reach of SBI. SBI is the leading PSU bank in India having the highest number of accounts. The YONO app offers the below features.
YONO by SBI – Key Features
- Check account balance
- Transfer money via NEFT/RTGS/UPI
- Positive Pay
- Pay credit card bill
- Pay utility bills
- Mobile and DTH recharge
- Smart spending – spending analysis
- An instant account opening from anywhere
- Deals and discounts
- Get overdraft facility against the fixed deposit
Download Link for YONO Mobile App
HDFC Mobile Banking App
HDFC Bank is another leading private sector bank. HDFC mobile banking app offers 120 banking transactions that make mobile banking very useful. Here is the list of the features of the HDFC mobile banking app.
- Check account balance
- Transfer money via NEFT/RTGS/UPI
- Invest in a fixed deposit
- UPI address creation and manage
- Pay tax
- Pay utility bills
- Mobile/DTH recharge
- The advanced encryption security system
- Unlock mobile app via face ID and fingerprint
- Bill payment reminder notification
- Make a task list like a To-do list
- Cheque book request
Download Link for HDFC Mobile App
Axis Mobile Banking App
Axis mobile app is a safe and secure mobile banking app that offers 100+ banking transactions at your fingertips. Below are the features of the Axis mobile banking app.
- Check account balance
- View mini account statement
- Email account statement up to 12 months
- Personalize account with profile photo and nickname
- View credit card outstanding
- Check unbilled credit card transactions
- pay credit card bill
- Transfer funds via NEFT/RTGS/UPI
- Create unique UPI ID
- Link multiple accounts with your UPI ID
- Scan and pay at merchant’s outlet
- Recharge mobile/DTH
- Pay utility bills
- Open fixed deposit and recurring deposit account
- Check your loan account
- Invest in mutual funds
- View and redeem reward points
- Apply for a new credit card, personal loan, car loan
- Fingerprint lock
Download Link for HDFC Mobile App
SMS MBANK to 56161600 to receive the download link
Kotak Mobile Banking App
Kotak bank also offers its mobile banking app with loads of features. Below is the list of the mobile app features.
- Check account balance
- View past transactions
- Request for account statement
- Open fixed deposits and recurring deposits
- Transfer money via NEFT/RTGS/UPI
- Create UPI ID
- Schedule fund transfer
- Scan and pay
- Send receipts
- Mobile/DTH recharge
- Pay utility bills
- Invest in mutual funds
- View credit card statement
- Check un-billed credit card transactions
- Redeem mutual funds
- Book domestic and international air tickets
- Make hotel reservation
- Book bus ticket
- Book train tickets, check PNR status
- Apply for FasTag
Download Link for Kotak Mobile App
What you should look for in a mobile banking app?
Mobile banking has become an important part of our daily routine. It’s not just a transaction app. With more and more facilities available online, the banking app has to be feature-rich.
A comprehensive mobile bank app must have below features.
- The secure and easy registration process
- Clear bifurcation of “without login” and “After login” features
- Complete bank account overview i.e. balance/transaction check
- Fund send/receive via multiple options
- Mobile wallet
- Wealth Management
- Mobile security – PIN/OTP/Fingerprint etc
- Intuitive UI/UX
- Contacts/Calendar syncing
- GPS navigation for locating ATM/bank branch
FAQs for Mobile Banking App
Conclusion
In today’s digital world, it is imperative to use mobile banking. It is very easy and convenient. You can have the access to your bank account 24X7. I don’t remember when was the last time I went to my bank branch for any banking transaction.
I do all the banking through eh mobile app only. I am using iMobile from ICICI and HDFC mobile banking app. I can say that the iMobile from ICICI bank is the best mobile banking app available in India as of date. And there is no app there with the close competition to this app.