Banking Made Simple and Convenient with HDFC Bank's Digital Offerings

One of the things that most people consider while opening a bank account is how close the nearest bank branch is to their home. After all, no one would want to deal with travelling along traffic-laden roads to complete simple banking functions such as transferring money, updating the passbook, depositing a cheque or other such activities. This becomes even more time-consuming and challenging if you have a busy schedule. So, it is only natural to look for a bank that is located either close to your home or workplace.

Enter digital banking

One way out of this problem is to open an account with a bank that offers a multitude of digital functions, such as MobileBanking and NetBanking. And there are several reasons why mobile banking is the present and future of banking.

Firstly, smartphones are ubiquitous with India being one of the largest markets for manufacturers around the world.

Secondly, they have become more versatile over time, thanks to the mobile app revolution.

And with the rise of internet penetration in India, a massive chunk of the population uses apps to go about daily life, including mobile banking apps. 

According to the Reserve Bank of India report, during 2018-19, the total digital transactions in volume terms recorded a growth rate of 58% as opposed to 50.4% in 2017-18. These transactions are set to rise by four times in 2021. And as per the CEIC data, the volume of mobile banking transactions reached its peak in January 2020, recording 1440.27 unit million transactions. These figures show that digital banking is the way forward.

Therefore, to make banking easy, quick and convenient, the first step is to choose a digitally forward bank. For instance, HDFC Bank, one of India's leading private sector banks, has a MobileBanking facility that offer several benefits:

View account status at a glance 

Managing multiple accounts becomes hassle-free with HDFC Bank's MobileBanking app as it eliminates the need to switch between tabs to view the account summary for various accounts. Instead, the app sports a consolidated dashboard view that lets you check the status of multiple accounts, whether credit or debit card, Savings or Salary accounts and other investments like life insurance and mutual funds.

Save your favourite transactions

With HDFC Bank's mobile app, you can perform more than 120 types of transactions seamlessly from making transfers to activating or deactivating cards, from changing your PIN to investing in mutual funds, from applying for loans to getting complete statements of your account and more. Moreover, you can personalise the settings on the app to access your most frequent transactions within seconds.

Instant payments

With HDFC Bank MobileBanking, you no longer need a reminder to pay your bills, nor will you have to face the embarrassment of delayed payment. This easy-to-use app makes it possible for you to set up automatic bill payments for a variety of service providers including DTH, mobile network and even credit card bills. The app generates alerts whenever your account is debited by billers to help you manage your budget with ease.

Manage your investments

With just a few clicks, you can keep a check on your investments and plan your finances better. You can operate your DEMAT account, start a fixed deposit, order traveller's checks or international currency and transfer funds to friends and family seamlessly via HDFC Bank MobileBanking. 

Open a bank account from anywhere 

The InstaAccount is the latest addition to a range of digital banking services provided by HDFC Bank. You can now open a Savings or Salary account instantly, minus the paperwork and the hassle of visiting a branch. Just visit the HDFC Bank InstaAccount website, fill in the required details, complete KYC, upload necessary documents, validate your identity with a valid Aadhaar or PAN card and you are done. 

Within seconds of submitting the online application, you will get your account number and customer ID with NetBanking, and MobileBanking automatically enabled. You can fund your account immediately using NetBanking or UPI

Also, you will have to visit the nearest HDFC Bank branch and complete your KYC within one year of account opening.

HDFC Bank MobileBanking and digital banking aim at making life easier through a host of services – 24/7 chat option, view bank statements, cardless ATM withdrawals, easy bill payments etc. The objective is to reduce your visits to the bank because time is precious, and you need to find ways to save it. So, opt for a tech-savvy bank and open an InstaAccount today. Click here to get started.


*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.