Is it safe to use Airtel payment bank?
Airtel Money Wallet is RBI approved. It’s safe & easy to use. You can use it on-the-go using web or mobile, USSD. You can use it any time and at many places to pay for your purchases….Using Airtel Payments Bank.
| Per transaction | ₹25,000 |
|---|---|
| Daily transaction count | 20 |
Is Airtel payment bank a real bank?
Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel.
What are the benefits of Airtel payment bank?
Load Money benefit – Flat INR 10 cashback once per month on adding money via UPI (minimum transaction amount INR 1,000) Payment Benefits – Flat INR 30 cashback once per month on payments for mobile prepaid recharges, mobile post-paid, broadband, landline, and DTH bill payments (minimum payment amount INR 225)
Is Airtel payment bank approved by RBI?
Airtel Payments Bank has increased the day-end balance by up to ₹2 lakh, in line with the Reserve Bank of India’s (RBI) guidelines. The bank’s deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a wholly-owned subsidiary of the RBI.
What is the minimum balance in Airtel payment bank?
Rupees 5 lakh per Savings account holder, condition being the customer maintains a Monthly Average Balance of INR 500 and has transacted (Debit Transaction) at least once in a month.
How can I stop Airtel payment bank?
You can remove the bank account by clicking the garbage icon at the end of the line.
How does Airtel payment bank work?
Key features. A savings account with Airtel Payments Bank also gives you a plethora of services such as cash deposit/withdrawal at any of the 5 Lac+ banking points across the country, money transfer to family & friends, mobile/DTH recharges, utility bill payments, online/offline shopping and much more.
Which is better Paytm bank or Airtel bank?
As of now, Airtel payments bank is giving the highest interest rate of 7.25\% which is a very attractive rate compared to other commercial banks. Paytm’s bank offers an interest rate of 4\% on savings account and 7\% on FDs whereas, India Post payments bank is offering between 4.5 – 5.5\% for savings account.
Which payment bank is best?
Top 8 Payment Banks in India
- Aditya Birla Payments Bank. Aditya Birla Payments Bank is the adventure of Aditya Birla Group.
- Airtel Payments Bank.
- India Post Payments Bank.
- FINO Payments Bank.
- NSDL Payments Bank.
- Paytm Payments Bank.
- Jio Payments Bank.
- Vodafone M-Pesa Payments Bank.
Is Airtel payments bank zero balance?
No Minimum Balance commitment. Enjoy up to 6\% interest on your Savings Account. Just Scan & Pay at any of the merchants through UPI.
What is the limit of Airtel payment bank?
₹ 2 Lakh
Airtel Payments Bank Increases Day-End Balance Limit To ₹ 2 Lakh.
Which payments bank is best?
The Best Interest Rates Paid By Payments Banks In India
- Airtel Payments Bank. Airtel Payments Bank was the first payments bank that started operating in India.
- India Post Payments Bank (IPPB)
- Fino Payments Bank.
- Jio Payments Bank.
- Paytm Payments Bank.
- NSDL Payments Bank.