Banking sometimes gets complicated. But as you know because of the internet, people can do lots of things online.

Today, we gonna talk about some top android applications to open a bank account and managing funds online.

These apps are 100% legit and safest method to secure money similar to other real bank accounts. The good thing is that there is no need to deposit money, it is 0 balance bank account.

Since 2017, E-wallet and online banking is increasing dramatically, and why not, It provides customer hassle-free online money transfer and instant transaction on the go. The main reason that promoted E-wallet services in India is due to notebandhi.

If you don't like paperwork or going to the bank office then these apps and services help you with financial work.

Many banking companies are now providing "Asap Bank Account". It means anybody can open a bank account in just 5 minutes using his/her smartphone. There is no need to do paperwork. Below apps provide zero balance savings account. Furthermore, you will need to verify the bank account with some documents offline.

5 Best Banking Mobile Apps in India

Airtel Payments Bank

Airtel gave rise to the most out of it, after Paytm created their own banking service in India Airtel also came into the banking market. With My Airtel App, anyone can easily register to open a savings bank account without paperwork.

My Airtel is now the Airtel thanks app.

It is a fully UPI based app. Mobile number aadhar card for KYC is mandatory. Users will also need to create 4 digit mpin.

You can even get a higher interest rate of 5.5 % per annum according to the company statement. Airtel bank is a pre-loaded feature on My Airtel app and this application is currently available for Android and IOS smartphones. You can do NEFT, IMPS, etc things with mobile banking.

Online debit card by Airtel thanks.

Online debit card by Airtel thanks wallet

There is no hidden charge for financial transactions/Banking purposes. Users can refer to My Airtel app for more information regarding banking services.

DiGIbank by DBS

DiGIbank DBS is an all in one banking app. You can create a zero balance bank account within seconds after installing the app.

At first digibank E-wallet will be created and to convert it into a saving account you will only need aadhar/other documents verification. Occasionally, you can directly verify aadhar by OTP SMS to create a digiSaving account.

Digibank provides the best support and features to all its customers. Bank account 0 balance.

This banking app currently in the top interest rate provider. Currently, customers are getting up to 7% interest in a regular savings bank account. Get free virtual visa debit cards and plastic cards on-demand.

Services - IMPS, UPI Payment, offers and deals on various brand merchants shopping, visa debit/ATM card, higher interest rate, mobile banking, instant money transfer, etc.

Paytm Payments Bank

Who doesn't know about Paytm, today about 80% of Indians are using Paytm. After increasing the popularity of paytm, finally, the company decided to bring something new that is Paytm Payments Bank. And the Paytm Payments Bank is here. If you are still using Paytm E-wallet then it's time to convert it to a savings bank account, aadhaar verification is mandatory.

Also, get instant bank account statements.

Here is how your Paytm bank account passbook will look like...

paytm payments bank statement

Kotak 811 and Mobile Banking

The free financial app or website. It is going to be quite popular in India as the 811 savings account is very easy to open.

Pan card, aadhaar card is required.

Anyone can create a zero balance bank account without visiting the bank branch. You even don't need any type of paperwork to open the Kotak bank account. It can be done in 5 minutes using the app or website.

People can do transactions, send and receive money through NEFT, IMPS, and RTGS, or shop online, etc are the free and best features of this 811 account. You won't be charged for transferring & withdrawing money.

About App -
You can open a zero balance digital bank account, Kotak 811, without any paperwork or even without stepping out of your home.

Experience over 100 features including managing all your financial transactions, sending and receiving money through NEFT, IMPS, and RTGS, shopping online via Flipkart, booking movie tickets via PVR, flights, and hotel rooms via Goibibo and much more. This mobile banking app is also BHIM UPI enabled, you can instantly transfer money online without adding any additional bank information.

Axis Mobile App

Similar to the above one, axis banks also introduced their financial app. Create an axis bank saving account with this app.

This app is free to use. Furthermore, you will also need few documentation or aadhar /Pan card to convert it to a fully functional 0 balance bank account.

This a bank account you can open online without a deposit. The online bank account will be linked to aadhar.

About this app - Axis Mobile is a user-friendly, safe, and secure mobile banking application from Axis Bank, with 100+ cutting edge features and services satisfying more than just banking needs. Axis mobile has the following features-

•A one-stop shop for all retail and business loans.

•Pre-approved credit cards for you.

•All new my privileges with exciting offers for you.

•Bhim Unified Payment Interface (UPI) is enabled on Axis Mobile - Add Payee, Send & Receive.

Money, Link Multiple Bank Accounts, and start transacting.

•Scan & Pay instantly using UPI.

•Instant UPI Transactions History to Help You Track Your Transactions.

•Make Your Own UPI QR Code.

•View account summary, mini-statement, and transaction details for all your savings, current, and credit card accounts.

•View the latest, unbilled and past statements of your credit cards. Pay your Credit Card bill instantly or schedule a payment for a later date.

•Instantly open FD or RD on a click.

•Access your Deposit, Loan, Forex, Demat, and Mutual Fund details easily.

•Convert Credit Card Transactions into EMI.

•Block and Replace your cards.

•Switch your debit card on and off with 1 click.

•Modify your debit card purchase limits as per your needs.

All apps are available in the Google play store. Download for free and start your hassle-free banking journey, all just with a smartphone.

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