The Unified Payment Interface (UPI) is India’s preferred tool for digital transactions. Various institutions offer UPI facilities, including IDFC FIRST Bank and other leading banks in India. While comparing every bank’s UPI feature is challenging, IDFC FIRST Bank’s app is more popular than others. This article examines why.
What is UPI?
UPI is a digital payment method for receiving and sending funds using VPA or a virtual payment address. With a UPI app, you can instantly conduct transactions through the mobile net banking app. The money is credited or debited directly from your savings account.
What benefits can you get from the UPI payment app?
UPI has reduced internet banking usage. It is faster, more secure, and easier than any other form of money transfer.
- Pay or send money
Money transfer is the main feature of a UPI app. You can facilitate fund transfers from your account to another using a UPI app. To make the transfer, you can use the beneficiary’s UPI ID, mobile number, QR code or bank account details.
- Make bill payments
There’s a BBPS or Bharat Bill Payment System available in every app, using which you can make your bill payments to any biller in India. Using a UPI app, you can easily know the bill amounts of your water, electricity, DTH, etc. and make the payment instantly through the UPI app.
- Check account details and balance
Using a UPI app, you can know your savings account balance. To know the balance, hit the balance check option to see the account balance instantly. You can even learn about various transactions you conduct using a UPI app.
Benefits offered by IDFC FIRST Bank’s mobile banking app
The IDFC FIRST Bank digital app offers a range of banking features through which you can conduct most of your banking activities with a click. For instance, you can check out your savings account balance, transfer funds to another account user, request a new chequebook, initiate money transfers, set up standard instructions, open a fixed deposit account and make utility bill payments.
Through the IDFC FIRST Bank bankin app, you can bank from anywhere at any time. It does away with the stress and hassle of visiting the bank branch physically and waiting in long queues for your banking activities. You can download the IDFC FIRST Bank net bank app from the Google Play Store or Apple App Store and enjoy seamless banking at your fingertips.
Once you download the app, register and log in using your ID, passcode, fingerprint or MPIN. You can use any of the services per your preference and requirement after logging in to the IDFC FIRST Bank digital banking app.