Everything is getting digitized! Technology has proved a great help to us in every aspect of our lives, from little things like toothbrushes to something as massive as entertainment. Now, technology wants to add value to us and better our lives by helping us manage our finances.

Almost no one in the younger generation wants to stand in the queue at any Indian bank, which is so crowded as a result of India’s massive population of 1.398 billion people according to Data Commons.

A mobile bank offers us a great deal of security, comfort, and ease, you can look at your money in the bank right from your phone without having to go confirm at the bank what your account balance is, also easy access to your funds from anywhere in India as long as you have your debit card.

You can do virtually anything you have done in a physical bank before: account opening, deposits, withdrawals, loan requests, transfers, online purchases of goods and services, etc.

Are you confused about FinTech, and worried if digital banks are also FinTech? Yes, they are digital banks.

Also, Check out our post on top 11 digital banks in Nigeria.

And all of this from your smartphone. It reduces stress, saves a lot of time allowing you to do other important things at the same time!

Banking from home is the easiest thing to do and you don’t want to miss out on the amazing feeling of being in control, handling your finances on the go, and having your funds within your grasp – literally speaking. 

Top 10 Mobile Bank in India

We’ve compiled a list of the digital banking apps in India that will offer the best banking experience:

1. Kotak-811 & Mobile Banking

Kotak tops this list for a lot of reasons.

What Kotak lacks in having few physical branches they make up for it on their in-app features and their customer satisfactory UI (user interface). 

Let’s have a look at what Kotak-811 Mobile Banking app offers:

• Kotak-811 Mobile banking app is touch ID and face ID enabled.
• You can open a savings account, and not just any savings account, a zero-savings account.
• Their Virtual Visa Debit Card allows you to access eCommerce features both in India and overseas.
• Their customer care team is very responsive.
• Kotak Bank also recently introduced WhatsApp Banking in India, the very first, Wow!

Kotak-811 app is available for Android and iOS

2. SBI – Yono Lite

SBI bank is widely known as one of the largest banks in India, subsequently, their mobile banking app is top of the rung, as one of the best in India.

Let’s look at some of its features:

• With an excellent UI, the SBI bank has different apps for different banking solutions, and this particular one contains everything in all other apps, making it perfect, that’s why it’s referred to as Yono (You only need one).
• You can easily manage your debit card and access your funds.
• SBI supports 10 languages – Punjabi, Marathi, Tamil, Telugu, Hindi, Bengali, Kannada, Gujarati, Malayalam as well as English.
• With the Yono lite app, you can easily withdraw cash without using a debit card, how? 

Open the Yono app > Go to Yono pay > Go to Yono cash > Enter amount you want to withdraw > Enter your 6 digit pin

 > You’ll get a 6 digit reference number as SMS on your phone > Go to any Yono ATM machine > Go to cardless withdrawing > Enter your 6 digit reference number > Withdraw cash out. Easy peasy right!

SBI banking app is available on Android and iOS.

3. Axis Mobile

With a valid PAN and Aadhaar number, you can open a zero savings account with the Axis Mobile app called ASAP Account.

Here are some of its features:

• Axis Mobile app also offers a virtual debit card for online transactions both local and foreign.
• Axis Mobile app started the touch ID login for digital banking in India. 
• You can schedule payments to friends and family, partners with your credit card on a later date, in case you forget, you wouldn’t seem like you can’t keep a promise, this helps to build people’s trust in you.
• They also have physical branches all over India.
• It offers NEFT, UPI, MPS, and QR code payments.

Axis Mobile app is available for Android and Android.

4. iMobile by ICICI Bank 

ICICI Bank is a pioneer and leading stakeholder in digital banking, they developed and launched India’s first Mobile Banking app in the year 2008.

Here are some of its features: 

• Contactless Debit Card
• Using the iMobile bank app assures you maximum security, it’s easily the one of the most secure digital banks in India. It safeguards your checkbook with its “Positive Pay” feature.
• The iMobile app has touch ID login enabled.
• eCommerce feature that allows its customers to purchase goods and services online, make travel and accommodation bookings, register for online applications, and so on. It can be used in India and internationally.
• iMobile delivers exceptional customer service to customers with its AI chatbot.

the iMobile app is available for Android and iOS.

5. Baroda M-Connect Plus

Baroda M-Connect Plus is a digital bank that’s an offshoot of one of India’s largest banks, Baroda Bank. Although it’s a PUC bank, this mobile app is constructed with the satisfaction of its customers in mind.

Here are some of its features:

• It has a nice, user-friendly UI, allowing for all sorts of integrated payments.
• You can pay bills, make credit card payments, and transfer funds on the go.
• It offers NEFT, UPI, MPS, and QR code payments.
• You’ll get a virtual debit card for easy transactions.
• Baroda M-Connect Plus has an eCommerce function enabled too, allowing you to make transactions from the comfort of your home.

Baroda M-Connect app is available for Android and iOS.

6. BOI Mobile

BOI Mobile (Bank of India) has a lot of in-app features to make banking easier for its customers. An offshoot of the Bank of India, it lives up to its reputation.

What does BOI Mobile have to offer:

• Customers can make transactions and view transaction history.
• Bank statements can be sent to your email for future use.
• Easy money transfer through NEFT, UPI, MPS, and QR code payments.
• A virtual debit card to manage your funds will be given to you.
• When you use the BOI Mobile banking app, you can tag a transaction as “Favourite” to increase the transaction speed, allowing you to transfer money in the fastest way possible.
• You can locate ATMs on the BOI basking app.

BOI Mobile app is available Android and iOS.

7. DBS DigiSavings

DBS Bank is the first foreign bank in India to create a bank app to ease the banking lifestyle of Indians. DBS is located in South-East Asia and is considered one of the largest banks in that part of the world.

Check out its features:

• Zero balance savings account that allows you to empty your account when you need all the money you can get your hands on.
• A savings interest rate of 6%.
• Contactless payment by using a virtual debit card.
• eCommerce both locally and internationally.
• A soft token system for faster and more secured transactions.

Digi Savings is available for Android and iOS.

8. HDFC Mobile

HDFC bank is the second largest bank in India. It’s banking app however isn’t the second best in India, lol. Over the years, it has dropped in rankings because of the negative reviews the app has gotten, both on iOS and Android. 

Here are some of its features:

• It has a LITE version that is made for smartphones with lesser internet speed, it lacks a few extra features contained in the actual app.
• Customers can make prepaid payments, check bank statements, transfer funds and pay utility bills.
• eCommerce for customers with virtual debit cards.

HDFC Mobile bank app is available for Android and iOS.

9. CANDI – Mobile Banking App

Canara Bank has brought this fantastic bank app to Indians. Serving as a multi-channel app, you can open an FD or RD account.

Here are some of its features:

• You can pay off your loans on CANDI.
• On this banking Facility, you can make payments, transfer money as fast as possible and check for loan eligibility.
• eCommerce is made easier for you with the CANDI app, assuring stress and hitch-free transaction.

CANDI app is available for Android and iOS.

10. Indus Online Savings

Indus Online Savings is a leading digital bank app made by Indus India bank (IndusInd Bank). With a valid PAN and Aadhaar number, you can open a zero savings account on it.

It offers the most interesting and captivating features in its application coupled with an excellent UI, let’s take a look at some of them:

• It has WhatsApp Banking enabled.

Customers can even select what they want their account number to look like as long as it’s unique, but first, your account number is your phone number, amazing!

• Easy accessibility to Google Pay and Samsung pay.
• Excellent customer care service that allows you to video chat with their customer care representative. 
• You can pay for services on the app and transfer money by simply tapping a button or scanning.

Indus digital banking app is available for Android and iOS.

Summary

The list we’ve compiled isn’t just about the big and largest banks in India, it’s a list of the best digital banking applications in India for you to choose from.

These are the most secure banking apps available for Indians. We hope that this carefully researched list helps you select the perfect app for you and your smartphone.

We would love to hear your experiences and answer your questions in the comment section below.