What is Mobile Banking and how does it work?

Mobile banking refers to the ability to perform various banking activities using a mobile device, such as a smartphone or tablet, instead of going to a physical bank branch.

Checking account balance quickly
Fund transfers: You can transfer money between your own accounts or send money to other people’s accounts.
Bill payments: You can pay your bills.
Account statements: You can access your account statements to review your transaction history and track your expenses.
Mobile deposits: Some banks allow you to deposit checks by simply taking a photo of the check using your mobile device.
ATM/Branch locator: You can find the nearest ATMs or bank branches.
Alerts and notifications: You can set up alerts and notifications to receive updates about your account activity.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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