While preparing for banking examinations its very much important to know the changing trends in the banking sector. This article comes up with the new mobile applications related to both public and private sector banks. So, this general awareness or current affairs section, Banks and their Mobile Apps, will really help with your preparation.
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Digitalization has paved the way for mobile banking, through which customers can conduct financial transactions remotely using smartphones/tablets. Respective financial institutions provide the software application for the purpose. It is available 24 hours, only depends upon the internet connection. Transactions depend on the application available. Customers can check account balance, list of transactions, fund transfer details, P2P payments electronic bill payments, etc.
The mobile banking system provides account information like a mini-statement, checking account history, alerts on account activity, access to card statements, monitors term deposits.
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UPI, Unified Payments Interface, is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood(http://cashlessindia.gov.in/upi.html).
How to access:
- One needs to have a bank account
- A valid mobile number linked to the account
- Smartphone with internet facility
- Debit card
For activating thew service provided by the bank, download the app for UPI, do registration part with account details, create a virtual ID and set MPIN ( Mobile banking Personal Identification Number).
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All banking operations can be done with the help of apps, fund transfer limits up to 1 lakh. Also, there are no transaction charges, except for mobile data.
Banks and Mobile Apps
Public Sector Banks:
| SI.NO | Banks | Software Application | UPI |
| 1. | State Bank of India | YONO, SBI Anywhere, SBI Buddy, State Bank Freedom App | BHIM SBI Pay, Aadhaar SBI |
| 2. | Bank of Baroda | M-Connect plus | BHIM Baroda Pay |
| 3. | Allahabad Bank | empower | BHIMALLbank UPI |
| 4. | Bank of India | BOI Mobile | BHIM BOI UPI |
| 5. | Andhra Bank | AB TEJ | Andhra Bank One |
| 6. | Bank of Maharashtra | MahaSecure | BHIM Maha UPI, MAHA BHIM Aadhar Pay |
| 7. | Canara Bank | Canara Bank Mobile Banking, Canara e-infobook Bilingual | BHIM canara-eMpower |
| 8. | Central Bank | CentMobile | BHIMCent UPI |
| 9. | Corporation Bank | CorpEase | BHIM Corp UPI |
| 10. | Vijaya Bank | Vijaya Bank m-Pay | BHIM VIJAYA UPI App, BHIM AADHAAR VIJAYA BANK |
| 11. | UCO Bank | UCO mBanking | BHIM AADHAAR UCO-BANK |
| 12. | Dena Bank | Dena Mobile Banking App | BHIM Dena UPI |
| 13. | Indian Bank | IndPay | BHIm Indian Bank UPI |
| 14. | Union Bank Of India | U-Mobile, union Sahyog | Union Bank UPI App |
| 15. | Punjab National Bank | PNB ONE, PNB Mobiease | BHIM PNB |
| 16. | Punjab and Sind Bank | Punjab and Sind Bank, PSB m-Pay | BHIM PSB, BHIM Aadhaar Pay PSB |
| 17. | Syndicate Bank | Syndicate Bank-SyndMobile | BHIM Synd UPI |
| 18. | Indian Overseas Bank | IOBmobile, IOB Nanban | BHIM IOB UPI, BHIM Aadhaar IOB |
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Private Sector Banks:
| SI.NO | Banks | Software Application | UPI |
| 1. | Axis Bank | Axis Mobile-Fund transfer | Axis Pay |
| 2. | Bandhan Bank | mBandhan | BHIM Bandhan UPI |
| 3. | Catholic Syrian Bank | CSB e-Passbook | CSBPAY |
| 4. | Dhanlaxmi Bank | Dhanlaxmi Bank Mobile Banking | BHIM DLB UPI, |
| 5. | Federal Bank | FedMobile | Lotza BHIM UPI, Cointab |
| 6. | ICICI Bank | iMobile, Mera iMobile, Pockets | Tez |
| 7. | IDBI Bank | IDBI Bank GO Mobile+,
IDBI mPassbook |
Pay Wiz |
| 8. | City Union Bank | City Union Bank Mobile Banking Plus, City Union Bank LTD | BHIM CUB, Cointab |
| 9. | IndusInd Bank | Indus Mobile | BHIM IndusPay |
| 10. | Karur Vysya Bank | KVB-DLite, | BHIM KVB Upay |
| 11. | Kotak Mahindra Bank | Kotak 811 & Mobile Banking | BHIM Kotakpay |
| 12. | Laxmi Vilas Bank | LVB MOBILE | BHIM LVB UPAAY(UPI) |
| 13. | Yes Bank | Yes Mobile | YES PAY |
| 14. | RBL Bank | RBL Mycard, RBL MoBank 2.0 | BHIM RBL Pay |
| 15. | South Indian Bank | SIB Mirror+ | SIB UPI POS |
| 16. | HDFC Bank | HDFC Bank Mobile Banking | BHIM UPI |
| 17. | Jammu and Kashmir Bank | J&K Bnak mPay | BHIM JK Bank UPI |
| 18. | IDFC First Bank | IDFC First Bank mobile Banking | BHIM IDFC First Bank UPI App |
| 19. | DCB Bank | DCB Bank Mobile Banking App | BHIM DCB Bank UPI |
Bharat Interface for Money (BHIM, https://www.bhimupi.org.in) is a payment app that lets you make simple, easy and quick transactions using Unified Payments Interface (UPI). You can make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app. You can also request money through the app from a UPI ID.
BHIM Aadhaar Pay(https://www.npci.org.in) enables Merchants to receive digital payments from customers over the counter through Aadhaar Authentication. It allows for any Merchant associated with any acquiring bank live on BHIM Aadhaar Pay, to accept payment from the customer of any bank by authenticating customer’s biometrics.
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