How To Maximise Your Savings Using Digital Banking Apps In 2025?

Shruti is a marketing professional. She is earning ₹62,000 per month. Until recently, she had saved only ₹6,000 per month. She decided to switch to a digital banking app as it offers:

• Budgeting tools
• Round-up savings
• Automatic deposits

With these, her monthly savings rose to ₹12,500. You can see that she was able to save more than double without any major lifestyle change. The thing that helped her was knowing how to use her banking app’s features wisely.

What Makes Digital Banking Effective For Saving?

1. Live Tracking of Money

At any time you can easily see your:

• Balance
• Recent transactions
• Spending categories

2. Auto Savings Options

Many apps allow you to schedule transfers into savings or recurring deposits.

3. Higher Interest Savings Accounts

You may be aware that digital accounts often offer higher interest rates than traditional ones. Some offer up to 7.25% annually.

4. Monthly Reports and Budgeting Tools

By using digital banking apps you can easily see where your money is going and areas where you can cut back.

Useful Features That Help You Save More

1. Round-Up Savings

This feature rounds off your every transaction to the nearest ₹10 or ₹50. Then, it adds the spare amount into a savings section.

When Sunidhi spends ₹193, her app deducts ₹200 and saves ₹7 separately. If she makes 40 such payments in a month then she can save ₹280 without even realising it.

2. Timely Alerts and Notifications

Push alerts help you:

• Avoid missing due dates.
• Get notified of unexpected or large spending.
• Track when rewards or interest are credited.

3. Savings Goals and Visual Trackers

You can set targets like ₹50,000 for a holiday or ₹1,00,000 for emergencies and watch your progress over time.

4. Cashback Offers and Smart Spending

Most apps nowadays tie-up with online brands to give you up to 5% cashback.

• If you are spending ₹5,000 on Myntra then you might get ₹250 back. 
• With smart shopping, you can easily collect ₹3,000 to ₹4,000 a year in cashback.

Read More – Why Millennials Are Moving to Digital Banks
 

Digital Account Benefits Compared To Regular Accounts

Secure Your Savings: Protect Yourself Online

As you know digital banking is easy but you must follow safe practices:

• Use your fingerprint or face ID to log in.
  
  
• Don’t share OTP or passwords.
  
  
• Update the app and operating system of your phone regularly.
  
  
• Enable 2-step verification for all money-related apps.

As per mobile banking safety tips, using updated apps and biometric logins are among the most effective ways to reduce the risk of fraud.

App Tools That Boost Savings

Manual Vs App-Based Saving

Real Monthly Saving Breakdown (Example)

With the help of the table, you can see how Sukriti improved her monthly savings using various digital features:

This added up to ₹78,000 over the year without needing a change in her income.

Also Read - Why More Indians Are Switching to Digital Banks
 

Tips To Make The Most Of Your App

• You can open a zero-balance digital savings account that offers auto-sweep to FD.
  
  
• You should schedule a small amount like ₹1,500 to transfer into RD or FD each month.
  
  
• You must review your monthly insights to reduce wasteful spending.
  
  
• You should choose apps that offer round-up saving and auto-categorisation.
  
  
• You can use bank offers on necessary spending such as groceries or petrol.

Final Thoughts

We all know that nowadays digital banking apps have become more than just a way to check balances or pay bills. They make it easier for you to save by offering:

• Higher interest
• Automatic transfers
• Cashback
• Useful insights into your spending

If you know how to use these tools properly then you can easily improve your savings. You do not even need to earn more or cut back heavily. That is what made the difference for Sukriti.

FAQs

1. What should I do if I lose access to my app or phone?

Contact your bank immediately and block access. You can always reinstall the app later.

2. Is there any fee for using digital banking app features like budgeting or goals?

No, these tools are usually offered free of cost.

3. How often should I review my spending and savings through the app?

Ideally, once a week or at least once a month.

4. Can I use these apps even if I don’t have much technical knowledge?

Yes, most apps are easy to use and come with help sections or chat support.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.