IDFC First Bank simplifies financial transactions for clients through IDFC Mobile Banking services. Mobile devices, along with SMS, will enable customers to conveniently transfer funds, make payments, invest money, and block credit or debit cards. It provides a range of transaction options for seamless banking on the go.
How to Install and Activate IDFC First Bank Mobile Banking?
To use IDFC Mobile Banking, you should install and activate IDFC First Bank Mobile Banking. These simple steps given below will help you with the process.
- Download the IDFC Mobile Banking App from Google Play Store or App Store and install it.
- Open the IDFC First Bank Mobile App. Click on the login button on the left-side top corner of the page.
- Enter your registered mobile number and customer ID. The welcome kit given to you while opening the account or the account statements shared through email will have your customer ID.
- The device will seek several permissions, and you allow them all by clicking on the ‘Allow’ button.
- Enter your savings, current, OD/cc loan account number, or debit card details to authenticate.
- You will receive a verification code on your mobile number. Enter the code and confirm
- Select the ‘Create MPIN’ option and set your MPIN.
- Enter the desired MPIN and re-enter the MPIN for confirmation and click on the ‘Proceed’ button
- On the next screen, the device will ask for permission for IDFC First Bank to use Fingerprint. You can either allow the option or skip the option.
- If you need fingerprint authentication, you should set your fingerprint with the help of the touchpad.
- Now the activation process is complete, and you are ready to use the IDFC Mobile Banking App.
What are the Features of IDFC Mobile Banking App?
The features of the IDFC Mobile Banking App are:
- Transfer funds instantly from any account
- Set Auto-pay for bill payments and never miss a bill payment
- View and manage your upcoming expenses
- Start a fixed deposit effortlessly
- Download e-statements and manage your finances effectively
- Invest in Mutual Funds
What is the Transaction Limit for Funds Transfer Through IDFC First Bank Mobile Banking?
The user can set the transaction limit through the Manage Transaction Limit option on the app. The transaction limits should be within the stipulated limit of the bank for funds transfer through various options.
How to Add Beneficiary for Funds Transfer Through IDFC First Bank Mobile Banking?
Follow the procedure given below to add a beneficiary for funds transfer through IDFC Mobile Banking:
- Open the IDFC First Mobile App and enter the MPIN for the IDFC Mobile Banking login.
- On the home page, click on the ‘Send Money’ option
- You will be directed to the next page, where you will have to enter the Payee’s Bank Name.
- Enter the Account Number
- Re-Enter the Account Number
- Enter the IFSC Code
- Once the IFSC Code is entered, the Payees Name will automatically appear in the respective field.
- Select from the options ‘Add Payee and Transfer Funds’ or ‘Add Payee and Transfer Funds Later’
- Enter a Nickname (optional)
- Click on the ‘Confirm and Continue’ option
- On your mobile, you will receive an OTP; enter it for verification.
- You will receive a message for having added the beneficiary.
- You will be able to view the Payee if you click on the All Payee option.
How to Transfer Funds Using IDFC Mobile Banking?
You can easily transfer funds through IDFC Mobile Banking with a few simple steps.
- Open the IDFC First Mobile Banking App and enter the 4-digit MPIN to complete the IDFC Mobile Banking Login process
- Select the ‘Send Money’ option on the home page
- Select the Payee from the All Payee option on the right-side corner of the next page.
- The Payee details will appear on the screen.
- Enter the amount
- You can choose from two options ‘Pay Now’ or ‘Pay Later’
- Click on the ‘Schedule Payment’ option and enter a date.
- Click on the ‘Pay Now’ option and select the Payment Mode
- Click on the ‘Pay’ option to proceed.
- You will get a ‘Payment Successful’ on the screen. A receipt will also be displayed on the screen.
- You can download the receipt.
What are the advantages of IDFC First Bank Mobile Banking?
IDFC Mobile Banking provides several advantages around the mentioned features:
- Customers can transfer funds instantly from any account, whether it is within IDFC Bank or to other bank accounts. This allows for quick and convenient money transfers without the need for physical visits to a bank branch.
- With the Auto-pay feature, customers can set up automatic bill payments. This ensures that bills are paid on time, eliminating the risk of missing due dates and incurring late payment fees. It provides convenience and peace of mind.
- The mobile banking app allows customers to view and manage their upcoming expenses. They can track their expenses, set budgets, and plan their finances accordingly. This feature helps customers stay organized and in control of their financial commitments.
- Customers can open fixed deposits with just a few clicks through the mobile banking app. This saves time and effort compared to traditional methods of opening fixed deposits, which often require visiting a bank branch and filling out paperwork.
- The app enables customers to download e-statements, providing a digital record of their transactions and account statements. This makes it easier to track and manage finances effectively. Customers can review past transactions, monitor spending patterns, and reconcile their accounts more efficiently.
- IDFC Mobile Banking offers the option to invest in Mutual Funds. Customers can explore various Mutual Fund schemes, get information about their performance, and make investment decisions conveniently through the app. This allows for diversification and potential wealth accumulation.
IDFC Mobile Banking FAQs
How to get the Customer ID to register and activate IDFC Mobile Banking?
What is the procedure for unlocking the fingerprint setup?
● Click on the ‘More’ options on the home screen
● Go to ‘Settings’
● Under ‘Security,” you will find the fingerprint.
● Toggle the switch next to the fingerprint to enable and disable the fingerprint.
How safe are mobile banking apps?
What are the three important features of mobile banking?
● Anywhere and at any time, availability.
● Convenience
● Customer Support