Digital banking is NOT the identical as internet banking. Right here’s all it’s essential know!


Over the previous few years, an rising inhabitants has warmed as much as the thought of transacting on-line. This may be attributed to digitalisation and the widespread proliferation of smartphones and democratisation of 4G providers as effectively. 

Though web banking has been round for some time, it’s nonetheless primarily used to hold out important transactions. Within the period of most iconic innovations, digital banking has been probably the most important emergence on account of technological breakthroughs. It brings your banks actually at your fingertips. This mode of banking is mobile-optimised, has a user-friendly interface, and could be relied on to hold out all of your banking actions. 

The excellent news is that each channels of banking have obtained an impetus as a consequence of COVID-19. Since we have been cooped up at dwelling to remain shielded from the virus, we closely relied on on-line transactions to assist our lives run easily. 

However which, out of the 2, is a greater medium? 

Earlier than we transfer to that, let’s first perceive the distinction between digital and on-line banking. Though these phrases are sometimes used interchangeably, they aren’t the identical.

On-line vs digital banking: How are the 2 totally different?

Find out more about the difference between online vs digital banking
Discover out extra concerning the distinction between on-line vs digital banking

On-line banking permits customers to entry banking capabilities and different providers utilizing the web. On-line banking is a broad time period that additionally encompasses cell banking. When you log into the account through the web site or your financial institution’s app, you possibly can examine your account stability, pay your payments, apply for a mortgage or bank card, and way more. Nevertheless, it comes with some limitations like not being mobile-first, weak consumer interface, difficult navigation, and so on. Not likely constructed for every day small-ticket transactions on the go. 

Having stated that, our banking system has gone via some monumental adjustments over 2-3 years, one among which is digital banking. Nevertheless, it goes past the realm of conventional and on-line banking. Digital banking works with an intention to eradicate the necessity to go to a bodily department. In addition to, digital banking leverages cutting-edge know-how and software program to offer customers with all the things {that a} financial institution can do, throughout the consolation of their properties! Digital banking provides a bunch of options like the power to ship cash inside seconds, opening an account via a video name, multi-factor authentication, the next rate of interest, one app for all of your baking wants, and so on. 

Listed below are some distinguished variations between the 2:

A comparison chart of online vs digital banking
A comparability chart of on-line vs digital banking

Why is Airtel Funds Financial institution the right digital financial institution?

1. Extra handy over internet banking

You possibly can open a financial savings account at Airtel Funds Financial institution via a verification course of through a video name. What’s extra, the Airtel Thanks app serves as a one-stop store for all monetary wants. This app, introduced forth by the Airtel Funds Financial institution, permits people to ship and obtain cash, pay their cellphone payments, recharge TV, pay for FASTag, fuel, and electrical energy payments, apply for a mortgage, and a lot extra. 

In a nutshell, the vary of options and the interactive UI/UX make it an pleasing expertise for customers!

2. Constant rewards program


Know more about the Rewards123 program
Know extra concerning the Rewards123 program

Take pleasure in constant rewards with Airtel Funds Financial institution all yr spherical, due to their Rewards123 program! From rewards on loading cash, procuring advantages, and unique rewards on funds – there’s a lot and extra to rejoice about!. With the Airtel Thanks App, you possibly can ship eGift playing cards comparable to procuring vouchers, journey vouchers and declare your post-transaction rewards. KNOW MORE

3. An added layer of safety: 


Find out about Airtel Safe Pay
Discover out about Airtel Secure Pay

Airtel Funds Financial institution additionally gives customers with The Most secure Option to Pay – Airtel Secure Pay! The function makes use of Airtel Community Intelligence to ship alerts to your cell quantity, plus you get extra third-factor authentication, which no different financial institution or pockets gives. What’s extra, no transaction goes forward with out affirmation. KNOW MORE

4. Good funding: 


DigiGold, a digital platform for you to make investments in gold
DigiGold, a digital platform so that you can make investments in gold

Customers can take pleasure in a top-notch digital banking expertise with the Airtel Funds Financial institution. Anybody can open a financial savings account very quickly and get an rate of interest of as much as 6%. What’s extra, the financial institution additionally provides added advantages of free private accident insurance coverage cowl of 1 lakh and permits customers to purchase third occasion insurance coverage too!

Moreover, Airtel Funds Financial institution provides DigiGold, a digital platform so that you can make investments in gold. This function permits financial savings account holders to spend money on 24K gold utilizing the Airtel Thanks app. What’s extra, this additionally serves as an amazing gifting possibility for each family and friends. KNOW MORE

You understand what to do – simply obtain the Airtel Thanks App to affix the Airtel Funds Financial institution immediately and expertise digital banking like by no means earlier than!


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