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LoansJagat Team

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4 Min

27 Jun 2025

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

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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.

 

Digital Account Benefits Compared To Regular Accounts


Feature

Digital Account

Regular Account

Minimum balance requirement

Often zero or very low

₹5,000 to ₹10,000

Interest rate

6.5% to 7.25%

3.5% to 4%

Virtual debit card

Instantly available for online use

Usually needs to be issued manually

Auto FD sweep

Extra funds automatically moved to FD

Requires separate request

KYC process

Instant e-KYC through app

Physical visit or paperwork needed

 

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

Tool

How Does It Help?

Expense Tracker

Breaks down your spending by category

Budget Reminder

Warns you if you exceed limits

Auto Transfer to RD

Ensures monthly savings without delay

Scheduled Bill Payments

Avoids late fees on utilities and loans

Investment Suggestions

Guides you to earn better returns

 

Manual Vs App-Based Saving

Action

Manual Method

Using Digital App

Balance check

ATM or Branch visit

Anytime on the phone

Track spending

Maintain physical diary

Automatically recorded

Set savings goal

Written on paper or notepad

Graphical tracker in the app

Fund transfer

Visit bank or net banking

Instant UPI or IMPS transfer

Get offers

Requires research

Alerts and banners in-app

 

Real Monthly Saving Breakdown (Example)

 

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

Action 

Monthly Saving (₹)

Round-up savings

300

Cashback from spending

500

Auto RD contribution

5,000

Higher interest earnings

450

Avoided late fees

250

Total 

₹6,500

 

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

 

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.

 

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About the Author

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LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?

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