Digital banking will not be the identical as internet banking. Here is the whole lot you might want to know!


Through the years, the rising inhabitants has warmed to the concept of ​​transacting on-line. This may be attributed to digitization and widespread proliferation of smartphones and democratization of 4G providers.

Though web banking has been round for a while, it’s nonetheless primarily used to carry out important transactions. In an period of most iconic innovations, digital banking has been a very powerful emergence on account of technological breakthroughs. It actually brings your banks at your fingertips. This mode of banking is mobile-optimized, has a user-friendly interface, and could be relied upon to hold out all of your banking actions.

The excellent news is that each the channels of banking have gotten a lift on account of COVID-19. Since we have been stored at house to remain protected from the virus, we relied closely on on-line transactions to assist us run our lives easily.

However which of those two mediums is best?

Earlier than we go any additional, allow us to 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 completely different?

Know more about the difference between Online vs Digital Banking
Know extra in regards to 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 contains cellular banking. When you log into an account by means of the web site or your financial institution’s app, you’ll be able to verify your account stability, pay your payments, apply for a mortgage or bank card are, and plenty of extra. Nonetheless, it comes with some limitations like not being mobile-first, weak consumer interface, difficult navigation, and so forth. Not likely designed for day by day small-ticket transactions on the go.

Having stated that, our banking system has gone by means of some vital adjustments in 2-3 years, one in all which is digital banking. Nonetheless, it goes past the scope of conventional and on-line banking. Digital banking serves the aim of eliminating the necessity to go to a bodily department. As well as, digital banking leverages state-of-the-art know-how and software program to supply customers with the whole lot {that a} financial institution can do from the consolation of their properties! Digital banking gives many options like potential to ship cash inside seconds, account opening by way of video name, multi-factor authentication, excessive rates of interest, one app for all of your baking wants and so forth.

Listed here are some main variations between the 2:

Comparison Chart of Online Vs Digital Banking
Comparability Chart of On-line Vs Digital Banking

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

1. Extra handy on internet banking,

You’ll be able to open a financial savings account with Airtel Funds Financial institution by means of a verification course of by means of a video name. Furthermore, the Airtel Thanks app acts as a one-stop store for all monetary wants. Dropped at you by Airtel Funds Financial institution, this app permits people to ship and obtain cash, pay their cellphone payments, recharge TV, FASTag, pay fuel and electrical energy payments, apply for loans and way more .

Briefly, the vary of options and interactive UI/UX make it an satisfying expertise for the customers!

2. Constant Rewards Program,

Learn more about the Rewards123 program
Be taught extra in regards to the Rewards123 program

Get pleasure from constant rewards all year long with Airtel Funds Financial institution due to their Rewards123 program! From a great deal of cash to rewards on purchases, and particular rewards on fee – there’s a lot extra to take pleasure in! With the Airtel Thanks app, you’ll be able to ship e-gift playing cards like purchasing vouchers, journey vouchers and declare rewards publish your transactions. know extra

3. An Further Layer of Safety:

Know about Airtel Safe Pay
Find out about Airtel Protected Pay

Airtel Funds Financial institution additionally gives customers essentially the most safe method to pay – Airtel Protected Pay! This characteristic makes use of Airtel community intelligence to ship alerts to your cellular quantity, plus you get further third-factor authentication, which no different financial institution or pockets gives. What’s extra, no transaction proceeds with out affirmation. know extra

4. Sensible Investing:

Digigold, a digital platform for you to invest in gold
Digigold, a digital platform so that you can put money into gold

Customers can take pleasure in a top-notch digital banking expertise with Airtel Funds Financial institution. Anybody can open a financial savings account very quickly and get an rate of interest of as much as 6%. Aside from this, the financial institution additionally gives further advantages of free private accident insurance coverage cowl. Permits 1 lakh extra customers to purchase third celebration insurance coverage too!

As well as, Airtel Funds Financial institution gives DigiGold, a digital platform so that you can put money into gold. This facility permits financial savings account holders to put money into 24K gold utilizing the Airtel Thanks app. What’s extra, it additionally serves as an ideal reward choice for each family and friends. know extra

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



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