Tracking expenses is a healthy habit that every individual should follow. It helps in analysing where you are spending most of your money. Whether it is food or travel, or entertainment? This increases the effectiveness of budget preparation as well. But doing it manually can be a very tiring task and often cause confusion and chaos.
Here is the list of expense tracker apps that are in sync with Indian banks and give you detailed insights into your spending habits, generally via SMS.
Expense Tracker Apps – Sync with Indian Banks
Let us look at the apps that help in tracking expenses and are in sync with Indian Banks:
1. Walnut
It is an easy-to-use app that monitors spending by reading bank SMS alerts.
- Bank Sync: Major banks such as HDFC, SBI, ICICI, Axis, and others provide indirect sync via SMS.
- Focus Area: Tracking expenses without logging into Net Banking.
- Uses:
- Spending is automatically recorded and sent via SMS.
- Sorts spending into different categories (food, travel, etc.)
- Monitors monthly patterns
- Helps in splitting the bill with friends
- Alerts about the budget
- Suitability: Ideal for users who don’t want to link their bank credentials or who are privacy-conscious.
2. MoneyView
Real-time syncing with Indian bank accounts is provided by this comprehensive financial tracker app.
- Bank Sync: Offers safe OTP-based login for more than 30 banks and UPI.
- Focus Area: Real-time tracking is provided with personalised financial insights
- Uses:
- Budget recommendations that are automatically generated
- Tracking of credit scores
- Reminders for bills
- EMI and loan monitoring
- Overview of UPI transactions
- Suitability: Perfect for regular UPI users and salaried professionals.
3. ET Money
An all-in-one app for managing taxes, insurance, investments, and spending.
- Bank Sync: Allows transactions to be automatically imported from the majority of Indian banks.
- Focus Area: Financial planning combined with expense tracking.
- Uses:
- Expense reports that are segregated based on categories.
- Tracking mutual funds
- Tools for reducing taxes
- Alerts for unusual transactions
- Management of family portfolios
- Suitability: Ideal for users who are concerned about money and investing.
4. FI Money
A smart tracking and saving app powered by Neobank.
- Bank Sync: Some of the examples are HDFC Bank, ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and IDFC First Bank
- Focus Area: Automated microsavings and smart spending insights.
- Use:
- Jar-based system for saving
- Quick insights such as “food vs. travel” expenditures
- Clever reminders for saving objectives
- Tracking cashback and rewards
- Money transfers within apps
- Suitability: Excellent for modern digital users and millennials.
5. CRED
A sophisticated app to help you keep track of your bill payments and credit card usage.
- Bank Sync: Connects to Indian credit cards such as Axis, SBI, ICICI, HDFC, and others.
- Focus Area: Monitoring credit card spending and making on-time repayments.
- Use:
- Alerts for bill due dates
- Tracking of credit scores
- Credit card spending insights by category
- Coin rewards for on-time payments
- Deals on lifestyle brands
- Suitability: Ideal for regular credit card users.
6. INDmoney
This helps you understand the overall situation of your finances.
- Bank Sync: Provides the feature of linking investments, loans, credit cards, and savings accounts.
- Focus Area: Integrated spending and net worth tracking.
- Use:
- Track spending automatically across accounts
- Overview of stock and mutual fund portfolios
- A financial snapshot of the family
- Summary of monthly expenditures
- Verification of credit scores
- Suitability: Perfect for investors and high-income people.
7. OneScore
A simple credit health tracker that tracks credit score and card spending.
- Bank Sync: Safely synchronises bank and credit card information.
- Focus Area: The health of card usage and credit scores.
- Use:
- Updates to credit scores in real time
- Analysis of spending patterns
- Alerts about credit card limit utilisation
- A straightforward, ad-free interface
- Safe, no-spam promise
- Suitability: Ideal for consumers who prioritise credit discipline.
8. Bajaj Finserv
Keeps track of all of your expenses, loans, and EMIs in a single app.
- Bank Sync: They sync with the bank statements and loan accounts
- Focus Area: The management of loan expenses and EMIs is the main focus.
- Use:
- Observe the monthly EMI schedules.
- Receive notifications of impending dues
- Examine loan offers.
- Monitor the savings associated with EMI cards.
- View credit health in one location.
- Suitability: Ideal for Bajaj cardholders and EMI purchasers.
Comparison table:
| App Name | Bank Sync Method | Key Focus Area | Best For |
| Walnut | SMS-based (no login needed) | Simple expense tracking | Students, privacy-focused users |
| MoneyView | Direct bank sync (via OTP/API) | Budgeting + financial health | Salaried professionals |
| ET Money | Direct sync + investment tracking | Expense + Wealth Management | Investors and financial planners |
| Fi Money | Native bank integration (Federal) | Smart insights + digital banking | Millennials, digital banking users |
| CRED | Credit card sync (all major banks) | Credit card bill management | Heavy credit card users |
| INDmoney | API-based multi-account sync | Net worth + full financial view | High-income individuals, investors |
| OneScore | Card and bank data sync | Credit health & spending habits | Credit-conscious users |
| Bajaj Finserv | Linked loans with synced EMI account | Monitoring EMI and loan | EMI users, Bajaj clients |
Bottomline
The conclusion can be drawn that using this expense tracker will improve the quality of your personal finances. These trackers listed above can be synced with major banks in India, which eases the process of keeping your expenses in check. From young, carefree individuals to busy professionals, everyone should use these trackers for managing their finances.
In 2025, using trackers that are in sync with your bank accounts will make you one step ahead in terms of planning for your future.