Which bank has launched the 'ACE' feature on its mobile banking app to empower investors with smart mutual fund investments?

  1. IndusInd Bank
  2. IDBI Bank
  3. IDFC FIRST Bank
  4. ICICI Bank

Answer (Detailed Solution Below)

Option 3 : IDFC FIRST Bank

Detailed Solution

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The 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.

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