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What is mobile banking? As the name suggests, mobile banking enables you to carry out banking transactions on your mobile device, be it a smartphone or a tablet. All you need to do is enable banking transactions is access the Internet. 

Mobile banking in India has spread across all demographics. According to one survey, 31% of Indian households stated they used mobile banking apps on their smartphones as of 2020. As per data from CEIC, the volume of mobile banking transactions reached a record number of 9,761.171 million as of August 2023. These numbers show the increasing adoption of mobile banking in the country. 

Mobile Banking Services: A quick look

Mobile banking, meaning the ability to complete banking transactions on your mobile without visiting a bank in person, allows you quick and easy access to information and services. Some of the things you can do include the following:

• Checking your account balance
• Generating account statements
• Transferring funds and checking the receipt of expected funds 
• Opening a Fixed Deposit 
• Paying bills online 
• Recharging your Fast Tag account
• Requesting new debit cards or chequebooks
• Requesting a DD

Also Read: How to get bank statement online

Apart from these obvious uses of mobile banking services, you can also rely on it to purchase related financial products such as insurance policies or invest in mutual funds and more. With the acceptance of mobile banking growing every day, let’s understand what makes mobile banking in India a success.

Advantages of Mobile Banking

Apart from ease of use, there are inherent advantages to banking on your phone. Take a look at the benefits below. 

• Mobile banking allows you to access your bank anytime and from anywhere. Banking apps on the Play Store and App Store are also free and easy to use. 
• Banks today are constantly improving their apps to enable easy navigation and provide complete integration of all banking services. This is making mobile banking the one-stop destination for all banking and allied services such as insurance, investments and more. 
• The security of data has always been the greatest threat to mobile banking. Banks today understand this and are constantly upgrading their mobile banking applications to make them more secure. Security measures, including 2-factor authentication and SSL encryptions, ensure that your data is protected from online fraud and theft. 
• Mobile banking has ushered in the era of instant banking services that allow you to experience freedom and independence. You can finally say goodbye to long lines and shuffling between counters at the bank to get your work done. In fact, you can even apply for a loan through the mobile application on your smartphone! 

Types of Mobile Banking

You can access the following types of mobile banking services:

1. Mobile banking through SMS

Easy to use without the need for an internet connection, this SMS-based banking service is helpful for those who are located in places with poor internet connectivity and for those who are not using smartphones too. 

2. Mobile banking through mobile apps

For those who are using a smart device such as a phone or tablet with good internet connectivity, this service is ideal. The banking service is provided through a dedicated banking application, which can be downloaded from the Google Play Store or the Apple App Store.

3. Mobile banking through USSD

USSD or Unstructured Supplementary Service Data is a method that mobile phones use for communication. Though this type of mobile banking has limited usage, you can use it to check your account balance, generate a mini statement and transfer funds. 

Missed call services are also a type of mobile banking where you can get your account balance and other information. Apart from that, UPI apps and WhatsApp banking services fall under mobile banking facilities, allowing you to make transfers and get data at your fingertips. 

Mobile banking simplifies banking for everyone. It is time-saving, easy and secure. With so much to do in your day, mobile banking helps to take one thing off the list as you now carry your bank in your pocket. 

As you explore the ease of mobile banking, Fibe works to simplify credit. To get access to an instant Personal Loan, simply download the Fibe Instant Loan app or register on the website to get up to ₹ 5 lakhs hassle-free. 

FAQs on Mobile Banking 

Is UPI mobile banking? 

UPI, or Unified Payment Interface, is an easy mobile payment method that allows you to transfer funds from one bank account to another. It facilitates mobile banking, is available free of charge and is fast and secure.  

Is Google Pay mobile banking?

Google Pay is a mobile payments app that you can use to receive or send money, pay utility bills or check your bank account balance. It is a third-party app authorized by the National Payments Corporation of India that facilitates UPI and allows you to benefit from mobile banking.

A retail loan is a popular financing option that allows you to meet your needs stress-free. Getting such a loan expands your purchasing power. This way, you can make a small ticket or big-ticket purchases without worrying about funds at your disposal. 

Retail loan, meaning a loan offered to regular customers, offers you complete freedom of usage. From ACs to bikes, you can use it to finance anything at all and repay in affordable EMIs. There are many types of retail loans you can get access to, making it easy for you to choose one based on your specific requirements. 

Read on to learn what is retail loan, its types, benefits and more. 

What is a Retail Loan?

In the lending industry, individual customers are called retail customers. As such, a retail loan is any loan that satisfies the financial requirements of an individual. The terms of such loans depend on your repayment capacity and creditworthiness as well as the lender’s policy. 

Once you avail of this type of loan, you must pay interest depending on your tenure and loan amount. This way, a retail loan helps you make an immediate purchase when you are short on funds. 

Types of Retail Loans

To better understand what retail loans are, you must know some of their types, which include: 

Personal Loans

This is the most common and versatile of all retail loans. With a personal loan, you can finance any personal expense. Since it is an unsecured loan, you can get funds from top lenders like Fibe without pledging any asset.

Home Loans

Buying a home with a lump sum is extremely difficult, considering high property prices. With a home loan, you can buy your dream house with a secured loan. Moreover, you can pay back your loan easily with a tenure of 20 or 30 years. 

Vehicle Loans

A vehicle loan, also called an auto loan, is another secured loan that assists you in buying a car or a two-wheeler. Often, borrowers pay a down payment and use a loan to cover the remaining cost. 

Education Loans

This loan is for those aiming to get funds for higher education or upskilling. It covers the cost of tuition and other academic expenses. In some cases, you can start repaying the loan once your education is complete, with certain lenders providing a moratorium of up to a year after the end of the course.

Credit Card Loans

Credit cards offered by banks have a fixed pre-approved limit. Based on it, you can get an instant loan and repay it as per the terms. 

Consumer Durable Loans

This type of loan allows you to finance your purchases of electronics, furniture, household items, etc., with a short-term loan. Many lenders also have zero-interest offers for customers. 

Advantages of taking a Retail Loan

In addition to providing quick financing, retail loans have other advantages, as mentioned below:

• The loan application process is simple and straightforward
• Retail loans offer finance for a variety of purposes
• Many online lenders have a quick disbursal policy where you can get the amount within 24 hours
• With flexible repayment options, you can choose a tenure that suits your financial capacity
• Competitive interest rates keep the cost of borrowing low 

With this information, you can easily choose a retail loan that fits your requirements and apply online. Among all these types of loans, getting a personal loan is easy and quick. When you choose the Fibe Instant Personal Loan, you can get from ₹5,000 to ₹5 lakhs in just a few minutes. To apply, download the Fibe Personal Loan App or register on our website.

FAQs on Retail Loans

Which type of loan is a retail loan?

Retail loans refer to all loans that help you finance your requirements as an individual. Simply put, retail loans are all loans other than business loans.

What is an example of retail lending?

Some examples of retail loans include personal, education, travel, consumer durable, car and two-wheeler loans.  

Is a retail loan secured or unsecured?

A retail loan can be secured or unsecured, depending on the type of loan. Personal loans and consumer durable loans are usually unsecured retail loans. On the other hand, auto and home loans are secured loans, where the purchased vehicle or property acts as collateral. 

Is retail financing a personal loan?

Yes, personal loans are the most versatile type of retail financing. However, personal loans are just one type of retail financing and also include home loans, auto loans and more.

Knowing what is e-Mandate and its benefits can help you make payments more conveniently. Before the dawn of the digital era, you had to make payments in person or through cheques. Today, with a range of electronic payment options, you need not worry about writing a cheque or visiting your bank. You also need not stress about late payments or forgotten due dates. One of the most widely accepted and preferred options to automate payments is using an e-Mandate. 

An e-Mandate, meaning a standing instruction that allows merchants or banks to auto-debit any recurring payments from your account, makes your life simpler. Opting for this facility allows you to authorise debits or credits from or to your bank account without manual intervention. 

Read on to learn more about the e-Mandate process, its types, benefits and more. 

e-Mandate Process 

The e-Mandate is a payment system introduced by the National Payments Corporation of India. If your bank is registered to provide NACH services, you can set up an auto debit instruction related to your bank account with ease. All it takes is logging into net banking. 

To set up an e-Mandate, simply give your bank the payment details and instructions, such as the payment date, amount, receiver’s bank details, etc. Once set up, a specified amount will be debited from the bank account on a fixed date every month. In this way, you will not need to make any manual payments.

If you’re wondering what is e-Mandate maximum amount transfer limit, keep in mind that it depends on many factors. The maximum amount you can transfer through e-Mandate depends on your bank policy, account limit, type of payment, etc. In addition, you may also have to pay nominal e-Mandate charges, as per your bank policy.

Understanding this process is as important as learning the e-Mandate meaning. It allows you to streamline and manage recurring payment payments such as for your OTT subscriptions, utility bill payments, credit card bills, Loan EMIs, etc. 

Types of e-Mandates

Now that you know what is the e-Mandate registration process, learn about its variations.

• Debit e-Mandate: This allows banks or merchants to deduct the mandated amount from your account, such as EMI payment, SIPs, insurance premiums, etc. 
• Credit e-Mandate: This type of e-Mandate allows businesses/individuals to receive the payment into their bank account via auto-credit, for example, fixed deposit monthly interest, insurance claim, loan amount, etc.

As you can see, both customers and businesses can enjoy the benefits of an e-Mandate. The top 3 industries which have adopted e-Mandate include:

• Wealth Management
• Insurance Industry
• Lending Industry

Benefits of an e-Mandate

Here is a snapshot of the advantages of this facility. 

• Making and tracking payments is simpler, faster and more convenient 
• Meeting payment due dates is easy as long as you have a sufficient account balance
• Making pan-India payments is hassle-fee
• Avoiding late charges on recurring payments is easier 

How to Apply for an e-Mandate

Here are the steps you can follow to register for e-Mandate:

Step 1: Log into your net banking account
Step 2: Select the e-Mandate option from the dashboard
Step 3: Enter your service provider details
Step 4: Enter the payment details, such as date, amount, etc
Step 5: Verify your account details
Step 6: Choose the payment option
Step 7: Enter the OTP to verify your e-Mandate

After OTP verification, your e-Mandate registration will be successful. 

Note that some banks charge a minimal fee on mandate registration. Therefore, review the bank’s policy and e-Mandate charges before applying for this auto-debit facility. 

By signing up for the e-Mandate facility, you can pay your loan EMIs on time and build your credit score with ease. If you are looking for an instant personal loan to meet your needs, consider the benefits of Fibe. With us, you can get an Instant Personal Loan of up to ₹5 lakhs in just 2 minutes with minimum documentation. Simply download our Personal Loan App or register on the website to get started. 

FAQs on e-Mandate

What is an e-Mandate registration?

An e-Mandate registration authorises banks to auto-debit funds from your account to complete a recurring payment. It makes periodic payments simple and hassle-free. 

What are the benefits of e-Mandate?

An e-Mandate allows you to meet your payment dues dates, save time and reduce hassle. It also has cost savings benefits as it saves you from paying late payment charges. 

How do I check my e-Mandate instructions?

If you have set up an e-Mandate on your bank account, you can check it by logging in to Net Banking.

Planning a bank visit in 2026? Before you step out, it’s important to know when banks are closed. In India, bank holidays aren’t random; they follow an official calendar issued by the Reserve Bank of India (RBI). This bank holiday list 2026 includes national holidays, state-specific holidays, 2^nd and 4^th Saturdays and Sundays. Knowing the bank holidays in month format helps you plan branch visits, cheque deposits, cash withdrawals and important financial transactions without last-minute stress.

Let’s break it all down in a simple way.

Who Decides Bank Holidays in India?

The Reserve Bank of India (RBI) decides the holiday calendar for both public and private sector banks. This means most banks across the country follow the same core holiday structure.

This RBI holiday framework applies to:

• Public sector banks
• Private banks
• Regional Rural Banks (RRBs)
• Cooperative banks
• Small Finance Banks

While the RBI sets the base calendar, state governments can declare additional regional holidays, which apply only to banks in that particular state. That’s why bank holidays may differ slightly from one state to another.

Bank Holiday List 2026 (India)

Below is the bank holiday list 2026 covering national holidays and widely observed RBI holidays across India. This list does not include every local festival, as state-wise holidays vary.

Major Bank Holidays in India – 2026

This bank holiday list gives you a national-level view. For precise planning, always combine it with your state’s holiday list.

Bank Holidays on Second and Fourth Saturdays (2026)

As per RBI rules, banks in India remain closed on the 2^nd and 4^th Saturday of every month, along with all Sundays. These closures are part of the official bank holiday list 2026.

Here’s a quick look at bank holidays in month format for Saturdays: 

Knowing these dates in advance helps you avoid visiting the branch on a closed day.

Types of Bank Holidays in India (2026)

Now that you’ve seen the bank holiday list 2026, here’s how these holidays are officially classified:

1. National (Gazetted) Holidays

These are holidays observed across India. Banks remain closed nationwide on these days. Examples include Republic Day, Independence Day, Gandhi Jayanti, Holi and Diwali.

2. Central Government Holidays

These are declared by the Central Government and followed by banks across the country. Most central holidays overlap with national holidays.

3. State-Specific Holidays

These holidays depend on local festivals or state-level events. Banks remain closed only in those specific states, not across India.

Regional State-Wise Bank Holiday Examples

To make this clearer, here are a few state-wise bank holiday examples:

• Maharashtra: Maharashtra Day, Chhatrapati Shivaji Maharaj Jayanti
• Tamil Nadu: Pongal, Thiruvalluvar Day
• West Bengal: Bengali New Year, Durga Puja holidays
• Punjab: Guru Gobind Singh Jayanti
• Kerala: Onam, Vishu

So, even if a date isn’t part of the national bank holiday list, your local branch may still be closed.

Even if branches are closed, digital banking doesn’t stop. With platforms like Fibe, you can manage your finances anytime  even on a bank holiday. From checking eligibility to applying for an Instant Personal Loan of up to ₹10 lakhs in just a few minutes, everything stays online and hassle-free.

You can apply through the app or website without worrying about bank closures.

FAQs on Bank Holidays in India

On which days are banks in India closed?

Banks are closed on national holidays, RBI-declared holidays, Second and Fourth Saturdays, Sundays, and state-specific holidays.

Are all state holidays applicable to all banks?

No, state holidays apply only to banks operating in that particular state. Other states function as usual.

Are online banking services available on bank holidays?

Yes. UPI, mobile banking, net banking, and ATM services are generally available 24×7. However, services like cheque clearing may be delayed.

How can I find out about upcoming bank holidays?

You can check the RBI’s official holiday calendar, your bank’s website or app, or look for a monthly bank holiday list 2026 shared by banks and financial portals.