Mobile App is the way going forward. There are many financial Apps but most of the Apps are developed specific to countries like US, UK and Canada etc. Apps specific to India are very very less, mostly are from the banks. Indian Post office schemes are ignored completely. Most of the Apps display the maturity amount of the schemes. But, they don’t give you monthly or yearly schedule. Financial Calculator India, by RK Labs, available on Google Play Store tries to fill the gap . It is exclusively for the people of India with the schemes available for Indian Banks, Post Office, Mutual Funds, etc. Our article covers the rising App culture in India, Financial Apps for India and then gives an overview of Financial Calculator India, by RK Labs , which helps people take informed decision about their finance thereby saving them a lot of time, money, effort, etc.

Apps and India

The new India,Facebook, Youtube,WhatsApp generation, is using the Internet  through the mobile. Accessing internet on mobile is more chat and app driven and very rarely does one use the browser.

Myntra, the country’s largest fashion retail portal, closed down its website on May 15th Friday and moved to an app-only platform.  The company says that 95 percent of Internet traffic comes through mobile, and 70 percent sales are generated through smartphones. So even if desktop users abandon the website, they aren’t really losing too much.  Many of us, the desktop generation, find the move to be a little ludicrous.

Indian Railways launched its ticket booking app for Android, Windows phones.On a pilot basis, the paperless ticketing system in unreserved segment will cover 15 stations in the suburban section of Southern Railway. Developed by Centre for Railway Information Systems (CRIS) “utsonmobile” – the paperless unreserved ticketing feature in mobile application aims to eliminate the need for printing of unreserved tickets. More than one crore passenger travel daily in unreserved segment and railways uses 1200 metric ton paper every year for printing unreserved tickets,

Some of the Apps on Finances on Android or Apple are given below

• ICICI Bank iMobile: Mobile banking application for regular consumers (Android),  ICICI Bank Mobile Banking – iMobile (Apple )
• Mobile Trading ICICIDirect.com: App for ICICI Direct users
• HDFC Bank MobileBanking (Android) HDFC Bank MobileBanking (Apple)
• State Bank Anywhere(Android), State Bank Anywhere (Apple)
• State Bank Kahin Bhi (Android): Mobile banking app in Hindi
• LICMobile (Android): Mobile app for Life Insurance Corporation of India customers
• Reliance Mutual Fund (Android),Reliance MutualFund (Apple) Mobile app for Reliance Mutual Fund
• NSE Mobile Trading  (Android),NSE Mobile Trading (Apple) NSE Mobile Trading system provides an application suite featuring comprehensive trading and market monitoring platform
• My Tax India (Apple)
• Business Today (Android)
• Money View: Financial Planning organizes your financial summary by analyzing SMS sent by your bank and billers to your phone.
• Wealth Manager (Android) : Cost of Living, Financial Goal, SIP

For list of Android Apps for India one can checkout www.androidos.in and iTune for Apple Apps or AppBrain. Top Finance Apps on Google PlayStore

App Financial Calculator of India

A financial calculator exclusively for the people of India with the schemes available in Indian Banks, Post Office, Mutual Funds, etc. This App provides the following calculators for both Android Mobile Phones and Tablets. It can be downloaded from https://play.google.com/store/apps/details?id=com.rkayapps.financeindia. It has been developed by RK Labs

Bank Calculators:

• Loan (EMI) Calculator
• Fixed Deposit – TDR Calculator
• Fixed Deposit – STDR Calculator
• Recurring Deposit (RD) Calculator

Bank & Post Office Calculators:

• Public Provident Fund (PPF) Calculator
•  Sukanya Samriddhi Account (SSA) Calculator

Post Office Calculators:

• Monthly Income Scheme (MIS) Calculator
• Recurring Deposit (RD) Calculator
• Time Deposit (TD) Calculator
• Senior Citizens Savings Scheme (SCSS) Calculator
• National Savings Certificate (NSC) Calculator
• Kisan Vikas Patra (KVP) Calculator

Mutual Funds Calculators:

• Systematic Investment Plan (SIP) Calculator

General Purpose Calculators:

• Simple Interest Calculator
• Compound Interest Calculator

Some images from the app are given below

Finance App for India

For Sukanya Samriddhi Account

App : Sukanya Samriddhi Account (SSA) Calculator

Calculator for Fixed Deposit, SIP

App for Bank Deposit, SIP in India

Advantages of the App Financial Calculator of India

There are heaps of financial calculator Apps on Apple App Store and Google Play Store. What’s special with this App? However,

• Most of the Apps are developed specific to countries like US, UK and Canada
• Most of the Apps are generic and developed to be used by all the country people
• The Apps specific to India are very very less
• Indian Post office schemes were ignored completely
• The Apps developed by Indian developers addresses schemes like EMI, Fixed Deposit and Recurring Deposit schemes. However, they made them generic and doesn’t stand specific to any financial institution
• Most of the Apps display the maturity amount of the schemes. But, they don’t give you monthly or yearly schedule. So, you have no way of knowing how your investments are growing
• There are heaps of EMI calculators available and it shows that people have more debts than investments
• Millions of Apps in the App Store doesn’t mean that people have got all the required financial tools

RK Apps has done these detailed analysis and found that there is a gap and it needs to be filled. That’s why they came up with Financial Calculator India App to address the above mentioned concerns.

About RK Apps

The founders of RK Apps are IT Professionals, (worked for and ) working for major IT companies in India and Australia. RK Apps has a passion for finance and finance related tools. Also, RK Apps wants to make people’ life financially healthy. To accomplish this passion, RK Apps has developed and published many finance related Android Apps on Google Play Store. These tools help people take informed decision about their finance thereby saving them a lot of time, money, effort, etc.

Related Articles:

• Sukanya Samriddhi Calculator
• Employee Provident Fund Calculator
• Quiz: Do you know your finances
• Calculate Returns on Investments
• Understanding Ex Showroom Price and On Road Price of Vehicle
• Understanding Public Provident Fund, PPF

Do you think Apps are the future? Will desktop just go away? Which are the popular Apps that you use? Have you used the financial Apps ? Have you used your Bank App on your SmartPhones? Why or Why not?