Best Mobile Banking Apps in India for 2024

Banking has become a very easy task in this digital world. Be it transferring money, checking your account balance, getting complete details about all your transactions, and so on, everything can be done from anywhere and anytime. While various methods are available to banks, using mobile banking apps is a convenient way. Almost all banks have their own mobile banking apps. You just have to download the mobile banking app on your smartphone and you can start banking seamlessly. Let us now discuss some of the best 10 mobile banking apps in India. 

List of the Best Mobile Banking Apps in India 2024

1.  Kotak-811 and Mobile Banking App

This app is a safe, secure, and all-in-one solution to meet all your banking needs in one place. With over 250 features and services, the app enables banking, shopping, traveling, investing, paying, and a lot more. 

Key Features 

  • Account management can be done with NEFT, IMPS, RTGS, and UPI transfers

  • Bill payments, mobile recharges, and DTH payments can be made. 

  • You can book bus, train, and flight tickets. 

  • You can access the all-in-one shopping platform KayMall for shopping on platforms like Flipkart and Amazon. 

  • You can use it to buy and redeem mutual fund investments and keep track of your investments. 

  • Regulated UPI payments can be made

  • You can instantly update your profile details using the Kotak-811 and mobile banking app

  • It has a Payday loan feature for emergency funds. 

  • You can apply for a Kotak credit card and make credit card payments with ease. 

  • Blocking of debit and credit cards. 

Steps to activate the Kotak-811App

Step 1: Download the mobile app from Google Play Store or Apple App Store and install it.

Step 2: Register using your Customer Relationship Number (CRN), debit/credit card PIN, or netbanking password. 

Step 3: Enter the OTP sent to your mobile number and activate the app. 

Step 4:  Create a 6-digit MPIN and log in to the app using it.  

2.  IDBI Bank Go Mobile + App 

The IDBI Bank GO Mobile+ App comes with a collection of user-friendly features and services. The app has all the built-in features to make your banking transactions safe and secure. It enables users to avail of multiple services anywhere anytime. 

Key Features

  • You can transfer funds via UPI, NEFT, and IMPS using this app. 

  • Get a personalized experience by uploading selfie pictures or custom themes. 

  • You can download account statements, do balance checks, and make utility bill payments. 

  • You can manage your debit card with transaction limits and security controls. 

  • This mobile app provides for the use of financial calculators to make better investment decisions. 

  • Hassle-free credit card management and monitoring can be done

  • You can set both international and domestic usage on your card. 

  • Recharge your prepaid mobile number. 

  • DTH recharge can be done 

  • Chequebook requests can be made

  • You can link and update Aadhaar. 

  • Link and Update Aadhaar

  • Register for email account statements

  • Apply through it for loans and more

Steps to activate the IDBI Bank Go Mobile + App

Step 1: Download and install the application from either the Google Play Store or the Apple App Store.

Step 2: Register using either netbanking credentials, via an ATM channel, by sending an SMS in the format MBREG to 9560853000

Step 3: After registration, activate the app and set your personalised MPIN by validating your debit card or netbanking credentials. 

Step 4:  Login and start using the IDBI Bank Go Mobile + App

3.  State Bank of India YONO App

YONO SBI allows you to bank, shop, pay bills, invest, and do a lot more. It gives you secure digital products such as YONO Lite and SBI Netbanking. It supports 5 different languages namely Punjabi, Gujarati, Tamil, Hindi, and English. With a host of features, this mobile banking app is easy and secure. You can also use voice-assisted transactions along with click-based transactions in this application. 

Key Features

  • It is a one-shop stop offering various banking services to its customers like balance enquiry, fund transfers, bill payments, and loan applications. 

  • Customers can do instant fund transfers up to Rs. 25,000 per day for new beneficiaries. 

  • Users can make flight and hotel bookings and order food delivery all within one app. 

  • Provides instant loans within just 2 minutes with minimal documentation required.

  • Provides options to lock the app and reset the login MPIN to provide additional security.

  • You can make requests for chequebooks, ATM/debit cards, and emergency services like ATM PIN changes, card blocking, and cheque cancellation.

  • It unites all State Bank relationships like credit cards, investments, and insurance in a single view. 

Steps to activate the SBI YONO App 

Step 1: Register and log in to the SBI YONO App using your netbanking credentials. 

Step 2: If you do not have netbanking credentials, you can create a temporary netbanking password with your debit card. 

Step 3: Register using your password and proceed towards using the app. 

Step 4: Set a 6-digit MPIN for the YONO app when registering. 

4.  ICICI iMobile Application

ICICI Bank’s official mobile banking app, iMobile offers 400 plus banking services. It can be accessed by both ICICI Bank customers and non-ICICI Bank customers. This app enables customers to send money through UPI payments, locate ICICI Bank ATMs, transfer money to a mobile number or email ID, bug fixing, avail instant personal loans against their personal loans and credit cards, upgrade debit cards, and check loan eligibility.

Key Features

  • You can use the app to do various banking operations like account balance checks and statement downloads. 

  • You can transfer funds via NEFT, RTGS, IMPS, and UPI

  • You can manage your credit card and pay your bills using the mobile app

  • Fixed and recurring deposit management 

  • Loan account management and EMI payments can be done.

  • The app offers Investment services including mutual funds and insurance. 

  • The app offers secure and customizable UPI services.

  • This app is a One-stop shopping platform 

  • Instant personal loans and credit cards can be obtained with ease using the app.  

  • You can open a savings account and open or close fixed deposits using this app

  • Payments can be made using the Scan to Pay feature

  • You can instantly purchase or sell gold. 

  • You can download consolidated statements of transactions and analyze them 

  • You can make travel and stay bookings.

Steps to Activate the iMobile App

Step 1: Visit Google Playstore/Apple App Store on your smartphone

Step 2: Download the ICICI Bank iMobile App

Step 3: Open the iMobile app and confirm your mobile number

Step 4: Establish a 4-digit login PIN

Step 5: Do a one-time grid card validation using the account-linked debit card. 

5.  HDFC MobileBanking App 

The HDFC mobile banking app enables its customers to view their account summary, pay their credit card and utility bills, and transfer funds. The app allows its users to customize the ‘My Menu’ tab where the most frequently used services are available in the same tab. It is also available in Hindi. The app has a "LITE" version that works with low internet speeds. Although the LITE version does not have all the features of the regular version, it has the most frequently used services.

Key Features

  • You can instantly access the account using your customer ID and IPIN/password

  • The HDFC mobile banking app provides secure and quick access with touch ID

  • Enables real-time account balance and transaction viewing. 

  • Enables investment tracking and bill payments can be done 

  • Provides Chatbot support for instant queries

  • Enables cardless cash withdrawals and special corporate services

Steps to activate the HDFC MobileBanking App

Step 1: Download the HDFC mobile banking app from Google Play Store or Apple App Store. 

Step 2: Open the app and input the username and IPIN given by the bank (The same is  used for internet banking)

Step 3: Create a quick access PIN by giving the customer ID and OTP received on the registered mobile number as input

6.  HDFC PayZapp 

This is a safe, secure, and convenient to use mobile payment app. It can be used by customers of any bank. It comes with several features and services. The best thing about PayZapp is that it gives rewards, discounts, and coupons on online shopping websites and a lot more. You can get e-vouchers from top brands like Amazon, Swiggy, Blinkit, Bigbasket, etc.

Key Features

  • You can use PayZapp to pay for online and offline services like paying bills, shopping online, sending money. Etc. without the need to use your bank account or cards.

  • You can pay, recharge, and transfer money in one click

  • You can transact anytime and anywhere in minutes. 

  • Using the app is secure. Information on credit cards is not stored on it or shared with partner merchants. The app also enables the protection of transactions with a unique 4 to 12-digit password.

Steps to activate the PayZapp

Step 1: Download the PayZapp from Google Play Store or Apple App Store.

Step 2: Register with your mobile number enlisted at HDFC Bank. 

Step 3: Verify the authentication code dispatched to your mobile number

Step 4: You can complete the KYC process online by furnishing soft copies of your ID and address-proof documents. 

Step 5: The PayZapp allows you to link your HDFC Bank card with other bank debit or credit cards. You can do this by manually inputting the card details in the app. By linking the cards, you can ensure uniformity of payments. By linking, you can ensure that funds are credited or debited to the same bank account irrespective of the payment mode.

Step 6: Complete the registration process and start using the app to perform various types of financial transactions from peer-to-peer fund transfers, person to merchant transactions, bill payments, and shopping transactions.


7.  Bank of Baroda M-Connect Plus App 

This mobile app offers a user-friendly interface and multiple services for banking. The services are absolutely free of cost. There is a one-time SMS charge for silent SMS, and GPRS/mobile internet fees are applied according to your service provider's rates.

Key Features

  • Completely robust and feature-rich mobile banking application.

  • Instant inter-bank fund transfer 24/7/365

  • Increased per transaction limit (Inter Bank Fund transfer)

  • Seamless and advanced biometric login. There is no need to input the login PIN. 

  • Cash on Mobile Service i.e. Cash on ATM via an OTP generated from the mobile banking app with enhanced per transaction limit. 

  • Registration is based on customer ID. 

  • The application offers an intuitive and user-friendly interface. 

  • The app enables the graphical representation of a mini statement. 

  • The app enables a 360 degree view of customer details. 

  • The app provides you with an option to save your favourite transactions. 

Steps to activate the Bank of Baroda M-Connect Plus App

Step 1: Download and install this app from the Google PlayStore or Apple App Store

Step 2: Launch the app. Click confirm on the silent SMS page

Step 3: Click confirm on the OTP page. 

Step 4: Generate your own application password (4-digit number)

Step 5: Read and accept the terms and conditions.

Step 6: Enter the mPIN sent to your mobile through SMS and then set your own 4-digit mPIN. 

Step 7: You can now start using the Bank of Baroda M-Connect Plus App 

8. Axis Mobile App

This bank offers a range of services such as the basic funds transfer, checking account statements, scheduling credit card payments, and a lot more. Application users can also generate auto-pay bills and standing instructions for more than 200 utility services. 

Key Features

  • The Axis mobile app facilitates the opening of a digital savings account 

  • The Axis mobile app provides a customizable dashboard for account management

  • You can make a favourite list with the 10 most common transactions done on the app. 

  • Customers can tweet and email feedback directly from the application and request a call back from the customer care representative.

  • The Axis mobile app simplifies banking transactions including UPI, account summary, and bill payments. 

  • The Axis mobile app offers one-touch services for mutual funds, RDs, FDs, insurance, and credit card applications. 

  • The app facilitates instant, pre-approved 24×7 loans and personal loans.  

Steps to activate the Axis Mobile App

For the Axis mobile banking registration, it is imperative to first register the mobile number with the bank. 

Step 1: Download the mobile banking app. 

Step 2: Click on the option for ‘Log in’. 

Step 3: An SMS will be sent to your mobile number for authentication. 

Step 3: Post verification, the Axis Bank mobile banking app will get activated instantly. 

Step 4: Enter your name and create the mPIN. Follow the instructions of the bank and complete the registration process. 

Step 5: Now, set the password and authenticate yourself by furnishing your debit card details or the netbanking login ID and password. So, you can choose your own method of authentication

Step 7: Finally, provide all the required details. You can start using this app for all your banking tasks seamlessly. 

9. CANDI Mobile Banking App

The CANDI mobile banking app was launched by Canara Bank with the aim of implementing the ‘One Bank, One App’ objective. It is a multi-channel app which facilitates several banking services such as transfers, opening a FD or RD, loan payments, etc.

Key features

  • Facilitates touch and pay with RTGS/NEFT

  • Enables starting a fixed deposit or recurring deposit. 

  • Enables investing in mutual funds

  • You can schedule automatic recurring payments with the app

  • The app provides an interface to view your account balance and download bank statements

  • Enables funds transfer using NEFT,  RTGS, or IMPS

  • With the app, you can place requests for chequebooks.

  • The app enables you to view and track the history of transactions. 

Steps to activate the Candi mobile app 

Step 1: Download the app from Google Play Store or Apple App Store. 

Step 2: Register using any one of the choices specified below:

  • Netbanking credentials
  • ATM 
  • By submitting the channel registration form at the nearest IDBI Bank Branch.

Step 3: Post registration, start a one-time activation process and establish your personalised MPIN by validating your debit card or netbanking credentials. 

Step 4: Login and begin using the mobile app. 

10. PNB ONE Mobile Banking App

This mobile banking app offers a single platform through which all banking services can be delivered. It enables the PNB account holders to perform major banking transactions like investing in term deposits, fund transfers, managing debit and credit cards etc. anytime anywhere. Users don’t have to visit the bank physically. 

Key features

  • The app provides an interactive dashboard for easy access to accounts.

  •  Fund transfers via NEFT, UPI, and IMPS, UPI, including quick transfers without the addition of beneficiaries can be done through the app. 

  • You can make Investment options in term deposits and mutual funds using this app. 

  • The app facilitates bill payments and recharge services for various utilities. 

  • It provides Cheque management features like status inquiry and stop cheque.

  • Value-added services like PAN/Aadhaar registration and e-statement subscription are provided. 

  • PNB has used biometric authentication coupled with MPIN to safeguard the application. 

Steps to activate the PNB ONE Mobile Banking App 

Step 1: Download the app from Google Playstore or Apple App store. 

Step 2: Enter the account number and choose your preference for registration - Either mobile banking or both (Internet and mobile banking)

Step 3: Enter the OTP obtained on your registered mobile number.

Step 4: Give your linked card number and PIN as input

Step 5: Create the login and transaction password. 

Step 6: After this, you will receive a success message containing the user ID for login

Step 7: Click on ‘Sign In’ and start using the app. 

Disclaimer: The steps, features, and other information mentioned above are as of 22nd May 2024 when this page was written and are subject to change. For exact information, contact the respective banks or refer to the specific mobile app websites.

How to Choose the Best Mobile Banking App in India?

There are many mobile banking apps available these days. So, how to choose the best one? Here are some criteria based on which you should assess the mobile app. 

  • Payment system - The best mobile banking app should include all types of payment systems available. For example, you must be able to pay using IMPS, BHIM, NFC technology, RTGS, NEFT, QR payment, and so on using the mobile app.

  • Credit Card Handling - The best mobile banking app should enable you to handle credit card transactions seamlessly. Ideally, the app must have an individual credit card segment. 

  • Beneficiary Adding: The best mobile banking apps must facilitate adding the beneficiaries for IMPS, UPI payments, or NEFT payments. So, you don’t have to make a similar payee for transactions done again. 

  • Comprehensive Notification – The app must notify all the updates, banking transactions, or offers through emails, SMS, or the notification centre of your mobile. 

  • Branch or ATM Locator: the best mobile banking apps must enable you to locate the nearest ATM or branch.

  • AI-Enabled Chatbot – The best mobile banking app must have an AI-enabled chatbot in-app to resolve user-specific issues.

  • Bill Payment System - The app must facilitate the registration of bills like mutual funds online, UIN, SIP, Visa Credit Card Bills, LIC Premium, etc.

  • Non-Traditional Banking Features– The app must have some non-traditional banking facilities like PPF account opening, NPS, flight or hotel booking, budget tracking service, buying movie tickets from the app, IRCTC rail ticketing, etc. 

  • Other Traditional Features – A classy mobile banking app must provide have traditional banking features like PIN generation, linking multiple accounts, tracking your deliverables, current offers, ATM card issue, etc.  

Conclusion

The top 10 mobile banking apps mentioned above are some of the best for mobile banking with excellent features. Apart from these, there are other apps also. Before choosing a mobile app, keep in mind all the aspects for selecting the best mobile app, You can then download the same on your Android or iOS mobile devices and start using it. 

FAQs on Best Mobile Banking App

1. What are some of the benefits of mobile banking in India? 

Some of the benefits of mobile banking in India include convenience, ease of use, time-saving, security, cost-effectiveness, and real-time updates.

2. What are some of the cons of mobile banking apps in India?

The challenges faced by mobile banking apps in India are lack of Customer awareness, issues in security and privacy, and risk of virus or malware attack.

 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.