Airtel Payment Bank
Airtel Payments Bank Ltd. i.e. Airtel Payment Bank a subsidiary of Bharti Airtel Limited has offered an amazing offer for their customers to open a saving account with Airtel Payment Bank and receive one minute of talk time on their Airtel mobile for every Rs.1/- deposited. Bharti Airtel Limited has said on 23 November 2016 that it has rolled out pilot services in Rajasthan. Airtel Payment Bank went for testing frameworks and procedures ahead of a full scale pan Indian launch.
The interest rate offered by the Airtel Payment Bank is 7.25% on savings account that is the highest interest as compared to commercial banks, offering 4-6 %. Airtel Payment Bank is the first bank to start this operation from Rajasthan and more than 10,000 customers have opened saving account with Airtel Payment Bank after the announcement of this offer. Both Airtel and non Airtel customers can open their saving account with the copy of an Aadhar card. More information regarding Airtel Payment Bank new offer is given below…
Airtel Payment Bank
The bank is expecting to reach to 1 lakh merchants by the end of this year. The main advantage of Airtel Payments Bank is that it is a fully digital and paperless bank that makes it easy for customers to open accounts. Facilities that are provided by Airtel Payments bank account opening services and cash deposit & withdrawal facilities.
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Benefits Of Opening A Saving Account With Airtel Payment Banking
- Digital Banking: You can enjoy Quick and paperless account opening using facility by just using an Aadhaar card based e-KYC.
- Your Airtel mobile number will be your bank account number.
- Interest rate of 7.25 % p.a. on deposits in savings accounts which is higher than any commercial bank that provides 4-6%.
- Free money transfer to any bank account in India.
- Personal Accidental Insurance of Rs. 1 Lac with every Savings Account
- You can enjoy easy deposit and withdrawal facility across a wide network of Airtel retail outlets
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Statements Regarding Airtel Payment Bank By
Smt. Vasundhara Raje, Hon’ble CM Of Rajasthan
“Congratulations to Airtel for making Rajasthan the first state in India to have Airtel Payments Bank. This initiative, perfectly in sync with Hon’ble Prime Minister’s vision for financial inclusion and Digital India, will be a boon to residents in far flung areas who are yet to have access to formal banking. I look forward to Airtel reaching every corner of Rajasthan.”
Shashi Arora, Md & Ceo, Airtel Payments Bank
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“Airtel Payments Bank is fully committed to the Government’s vision of financial inclusion and banking for all. Airtel Payments Bank will play an important role in taking banking services to the last mile in a quick and efficient manner and benefit millions of unbanked citizens of this country. With this pilot, we have taken a big step towards the launch of our banking services and will be testing our operational readiness for full-scale launch across India. We would also like to use feedback from our customers to further improve our processes and look forward to serving them.”
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