Question
Download Solution PDFWhich bank has launched the 'ACE' feature on its mobile banking app to empower investors with smart mutual fund investments?
Answer (Detailed Solution Below)
Option 3 : IDFC FIRST Bank
Detailed Solution
Download Solution PDFThe correct answer is IDFC FIRST Bank.
In News
- IDFC FIRST Bank launches the ACE feature to empower investors with smart mutual fund investments.
Key Points
- IDFC FIRST Bank has unveiled the ACE feature on its mobile banking app to provide insights and tools for mutual fund investments.
- The feature simplifies mutual fund investments, offering insights into over 2500 funds, including performance, holding patterns, and expert ratings.
- The app also includes a 'Senior Citizen Assistance Special' feature to select conservative funds for senior citizens with lower risks.
- IDFC FIRST Bank's mobile app is ranked #1 by Forrester and has a rating of 4.9 on Google Play Store.
Additional Information
- IDFC FIRST Bank
- The bank was created in 2018 through the merger of IDFC Bank and Capital First.
- It is committed to ethical banking, financial inclusion, and social responsibility.
- Mobile Banking App
- The app offers over 250 functionalities, with a focus on providing seamless and advanced digital banking services.
- It has been rated as the highest-rated banking app in India on Google Play Store.