DIGITAL MONEY

Digitisation and mobility have reached the level where you can manage your entire financial world with clicks and taps.

Managing your money is a necessity in this day and age, but it has never been this convenient as India heads towards a heavily digitised, less-cash society. Thanks to the rapid growth of the Internet and mobile Internet across the country, data cost has dipped dramatically, and the shift to online is growing bigger and better. Plus, there is no shortage of innovation in the digital space, making money management easier, faster and more cost-effective. Be it banking, budgeting or payment, insurance, borrowing or investment, everything can be done now from your PC or mobile. Here is what you can do to stay in control of your finances.

Banking and Payment Systems

Giving the traditional Indian banking a digital edge was no easy task, but the ecosystem has evolved in such a way that you can open a digital bank account online without even visiting the branch. Most banks provide digital transaction platforms via net banking and mobile apps so that their customers can access all products and services online – be it fund transfers or securing loans or buying third- party products.

“Today, all payments and transactions have moved to digital channels. A majority of the service requests such as updating personal details (address, contact number, PAN, nominee), chequebook requests, generating bank statements and