• C 7/8, Shri Popatlal Dani Bhavan,Gandhinagar, Gujarat-282021
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Mobile Banking

Mobile Banking

The Gandhinagar Urban Co-op Bank Ltd > Mobile Banking

Mobile banking offers customers a convenient and accessible method to manage their finances on the go. It helps to check the balance of any accounts linked to your mobile banking profile, such as savings, current, or other accounts. A complete list of recent transactions, including deposits, withdrawals, and transfers, is available. Transfer funds between your own accounts or accounts at the same bank. Some banks also provide interbank transactions using NEFT, RTGS, or IMPS. Utility bills, credit card bills, and other recurring payments can all be paid using your mobile banking app. Request fresh cheque books, halt payment of cheques, or check the status of issued cheques. View information about your loans, such as outstanding balances, impending EMI dates, and interest rates.

From the bank’s point of view, mobile banking reduces the cost of handling transactions by reducing the need for customers to visit a bank branch for non-cash withdrawal and deposit transactions. Mobile banking does not handle transactions involving cash, and a customer needs to visit an ATM or bank branch for cash withdrawals or deposits. Many apps now have a remote deposit option; using the device’s camera to digitally transmit cheques to their financial institution.

  • Mobile banking is a service provided by a bank or other financial institutionthat allows its customers to conduct financial transactions remotely using amobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted.

  • Transactions through mobile banking may include obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits,P2P payments, and funds transfers between a customer’s or another’saccounts.Some apps also enable copies of statements to be downloaded and sometimes printed at the customer’s premises; and some banks charge a fee for mailing hardcopies of bank statements.

 

 

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