Airtel Payments Bank is a payments bank in India, offering a variety of financial services including:
- Savings accounts: Open a paperless savings account with an interest rate of 2.5%.
- Recharges and bill payments: Recharge your mobile phone, DTH, and pay all your utility bills.
- Money transfers: Make instant money transfers using BHIM UPI, wallet, or your savings account.
- Other services: Invest in gold, buy insurance and loans, purchase gift cards, and more.
You can access your Airtel Payments Bank account through their mobile app or website. They also offer exclusive deals and cashback offers on transactions.
Here are some things to keep in mind about Airtel Payments Bank:
- It is a payments bank, not a full-fledged bank. This means they have some limitations compared to traditional banks, such as not being able to offer loans or credit cards.
- They are a subsidiary of Airtel, a telecommunications company in India.
Overall, Airtel Payments Bank can be a good option for those looking for a convenient way to manage their finances and access basic banking services.
Process of Account Opening
- To open Airtel Payments Bank Saving Account, you have to follow the below process on the Airtel Thanks app: –
- 1. Open Airtel Thanks app and go to ‘Manage Page’ and click on Money tab for the Upgrade or Opening of Savings Bank Account
- 2. You will initiate the process by submitting your PAN and Aadhaar number
- 2. Basis the PAN and Aadhar, give consent for downloading details from CKYC CERSAI.
- 3. Once you confirm on the KYC details downloaded using your CKYC ID, you will need to verify your identity & location with a quick liveliness check
- 4. Post liveliness check, as per RBI guidelines, you are required to do a mandatory money load using UPI mode.
- 5. Once payment is successful we will open your account and transfer the same money in newly opened Digital Savings Bank Account.
- Note: The UPI ID should be linked to your own account with another Bank.
