airtel payment bank

AIRTEL PAYMENT BANK EASY TO OPEN, CHECK FEATURES, ADVANTAGES

Airtel payment bank is first payment bank in India. It offers a maximum interest of 7.25% on the bank account. Presently it is offering 4% interest on the saving account. It is a small scale bank. The main motto of this bank is to enhance the reach of services of the bank.

What is a Payments Bank?

These are small scale banks and enhance the reach of banking services. They operate through mobile phones. The customer can deposit a maximum of 1 lakh to their account. In this bank, your mobile number will become your account number and there will be no cheque and passbook.

Airtel payment bank is a fully digital paperless bank. From anywhere in India, anyone can open a saving account in this bank. So he/she can open an account just by the mobile app without visiting any branches. Its customer can operate through a mobile application. My airtel app has all its features.

Must Read: BEST 5 DIGITAL SAVING ACCOUNTS ONLINE BANKING IN 2019

Features Of Airtel Payment Bank

  • Anyone can operate and open through a mobile app
  • Highest interest rate 7.25% is offered
  • Free accident insurance cover of Rs. 1 lakh
  • Exciting deals and coupons
  • Instant account opening with Aadhar card
  • Equivalent talk time for money deposited
  • Accepted at over 5 million outlets

Benefits Of Airtel Payment Bank

  • Highest interest rate of 7.25% on a savings account
  • Anyone can open this account whether he/she is airtel user or not
  • Access to banking services anywhere anytime
  • No additional transaction charges up to Rs. 10000 in a day
  • Attractive offers and deals
  • Free personal accident insurance cover for every account holder

Must Read: PAYMENT BANK IN INDIA

How Can You Open An Account In Airtel Payment Bank?

  • You can download my airtel app from the Google play store to open the account.
  • Alternatively, you can visit a nearest airtel retail outlet to open this account.
  • Aadhar card is needed to open this account.
  • On my airtel app, you have to click on payments bank to complete one-time registration.
  • Input the information whichever is required like mobile number, name, email id and click on register now.
  • The app will generate OTP for your mobile verification.
  • After the verification to activate your wallet, you need to give 4 digit pin.
  • Open your wallet and click on view profile tab to apply for saving the account.

Customer Support

Airtel payment bank provides 24×7 support.

Email – wecare@airtelbank.com

Airtel customers can dial 400

Non-Airtel customers can dial 8800688006

Airtel payment bank has the highest interest rate which may attract you. Therefore the concept of payment bank is very new in India. Therefore popularity of payment banks will increase in days to come. These payments bank are very easy to operate because it is fully operated by a mobile app.

Therefore we discussed here a complete description of airtel payment bank. So it is easy to open and operate. With the highest rate of interest in savings account it can give you better returns. Hence you can open an account in this bank.

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