With the rapid digitisation of traditional methods in today's technology-driven world, digital banking has emerged as a preferred channel for delivering banking services in India. The shift from mobile and internet banking to digital wallets has revolutionised digital India’s banking services in recent years.
Although digital banking has become popular recently, it is not a newcomer to finance. The term ‘digital banking’ has been around for a while now. However, today we can enjoy its benefits like opening bank accounts, transferring money, and so much more using smartphone apps.
For starters, digital banking refers to banking activities through online portals or smartphone applications. The services that once required you to visit a physical branch can now be remotely conducted using digital banking.
From opening a savings account and transferring funds to viewing account statements, the convenience of digital banking has made these tasks easier than ever before. Moreover, introducing digital banking also brings in new features like auto bill payment, the ability to manage credit cards, tracking and managing finances, and more.
The introduction of digital banking has brought convenience where people can access all banking activities without physically visiting the bank branch. With Fi's online banking, the possibilities are even greater. By opening a zero-balance account online, you can access its intuitive interface and AI-powered tools that help you save, invest wisely, and analyse your expenses. Open a Federal Bank savings account through Fi Money and say hi to the future of secure, digital banking.
Managing your finances becomes super convenient with digital banking as it offers easy access to multiple banking services anytime, anywhere. Further, helps you save time, offers improved security and makes banking cost-effective.
Digital banking enables you to effortlessly manage your accounts, conduct transactions, and analyse access all yours in one convenient location by simply logging in to banking service your finances through a smartphone application. You can securely.
Yes, if you have any monthly bill payments or scheduled transfers like mobile bills, credit card bills, rent, etc., you can use Internet banking to make auto payments. Further, for a secure experience, you shall instantly receive a notification on your smartphone regarding any activity in your account.
Internet banking provides 24x7 access to your account balance, transaction history, and other account information. Further, it offers you customisation of setting up auto-payments and alert notifications per your needs. Compared to traditional banking methods, digital banking is a super convenient and cost-effective way of conducting banking activities.