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Funds Transfer: These are the best 5 apps to transfer funds from bank account

Now you can transfer money to your friends and relatives anywhere in the country sitting at home. For this you must have a smartphone and internet facility. We are telling you about 5 such best apps, through which you can transfer money easily:




1. BHIM App 

BHIM App

THe central government started the BHIM app after demonetisation. In a very short span of time, BHIM has become the favorite app of people to transfer money.

The central government claims that BHIM is the most used by Indians. BHIM was launched by the Prime Minister of India, Narendra Modi on 29 December 2016. Its full name is Bharat Interface for Money.

You Can Use The BHIM App By Using The Mobile Number Registered In Your Bank Account. Similarly, the mobile number should be linked with the bank account of the person to whom you want to send money through BHIM app. After this, after downloading the app and registering in it, the amount can be transferred.

So far more than 4.31 lakh people have downloaded the BHIM app from Google Play Store. You can also check your bank account balance using BHIM app. You can also do mobile and DTH recharge with this app.




2. Google Pay 

Google Pay is a popular app to transfer funds from your bank account. For some time now, there is a reward for transferring money from Google Pe. Because of this, the number of its customers has increased rapidly. The name of the first app was Tez.

So far 17 lakh people using Android operating software in the smartphone have downloaded this app from Google Play Store. Here also you have to register the mobile number registered in your bank account in the app and after that your bank account gets linked to it.

Google Pay or Tez gives you various cashback offers even on payment of utility bills.

3.Paytm

Paytm

Paytm is a very popular mobile wallet app. Paytm is a useful app for any kind of online payment. Apart from making payment after linking it with the bank account, you can also do shopping etc. from Paytm.

The Paytm app was launched in India in the year 2016 at the time of demonetisation. So far, about 46 lakh people have downloaded Paytm from Google’s Play Store.

4.Phone Pe

Phone Pe

Phone pe is a popular app for sending money from one account to another, utility bill payment, mobile/DTH recharge etc. So far, 22 lakh people have downloaded the Phone pe app from the Google Play Store.

The PhonePe app has been introduced by Walmart’s investment company Flipkart. PhonePe is the second largest mobile wallet company in the country by popularity.

PhonePe is actually launched in collaboration with the National Payments Corporation of India (NPCI). Apart from transferring funds from your bank account, you can also do shopping, bill payments etc. from the PhonePe app.

Through the PhonePe app, you can transfer an amount up to Rs 1 lakh to any other bank account. This app has 2 step security, one is mobile number and the other is MPIN system. The PhonePe app is linked to 31 banks from which you can receive or send money.

5. Jio Money Wallet

The JioMoney Wallet of the country’s leading telecom company Reliance Jio is also slowly becoming popular. So far 1.8 lakh people have downloaded it from Google Play Store. With the help of Jio Money Wallet, you can easily transfer money to someone else’s bank account.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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