What is ETMoney App all about, and how does it work?

The layman often does not read the financial jargon, and one needs to simplify the complex concepts used in finance. Have you ever wondered if you take up a concept of finance as a layman and try to read about it, you tend to leave it in between because it appears to be on a tangent that you don't want to research? If yes, then ETMoney app gives you a solution to this.

The ETMoney app is one of the leading mobile applications that are easily accessible and provides a plethora of financial information to users. This fintech company has seen a humongous growth of 5x users in recent years. The information the ETMoney app provides not just simplifies the concepts of finance and the financial journey for its users, but also helps in educating the users on how to use these tips and tricks in daily life.

How does the ETMoney app work?

The application is not only about learning and information about finance. The experts from different fields work to the best of their abilities and make money management easier for the user of the application.

Some of the areas where the application provides services are -

1. Tracking of bills and expenses

2. Investing in mutual funds

3. Apply for personal loans

4. Term insurance

After the demonetisation in 2016, the majority of people have turned towards online modes of payment and prefer using online platforms like ETMoney for investments, tracking of bills and expenses etc. After the pandemic hit the world, buying term insurance has been a priority task for many.

The application also provides a detailed insight into your spending patterns providing a weekly and monthly summary.

ETMoney provides services including personal finance and investment in direct mutual funds. The investments and the reports are enabled with charts and graphs. This helps the users to easily track any changes and get hold of any major changes in spending.

The targeted approach of ETMoney is to make mobile a primary interface for customers. This way convenience for the target audience is taken care of and the services provided can be easily availed.

The application also provides customers to invest in the National Pension Scheme accounts. The digitisation of financial services has aided the rise of all online applications and proved to be an added advantage for the application.

The intelligent reminders on the application and the easy loan application processes make the application more attractive and convenient to use.

The smart deposit option available on the app is one of a kind and is promoting the investment of idle funds in the bank to be put to use. These finds can be utilised by investing in liquid mutual fund schemes and thus take benefit of the market.

The overall use and investment process through the ETMoney app are very simple and user-friendly.

Conclusion

ETMoney is one of the fastest-growing finance applications in the country. The application is a one-stop destination for all things finance and provides a holistic view of personal finance and other investment options rather than only considering the returns from an investment perspective. The loans available on the app are easily accessible and the application process is paperless and hassle-free.

Health, term, and motor insurance is available to be bought on the app. The insurance is provided by the leading names in the country. The application process for this is also very personalised and simplified.

The application is further launching more services in the coming months to make the user experience more value-added by introducing advisory and guidance related to the investment options. These features will enhance the investor portfolios.

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