Airtel Payments Bank (APB) is a subsidiary of Bharti Airtel, the country’s second largest telecommunications operator. The entity was launched in January 2017. In a short time, Airtel Payments Bank has already become profitable. Airtel’s banking subsidiary offers customers a cashless way to bank and transact online to pay utility bills or send money to friends and family. Even though years have passed since the launch of Airtel Payments Bank, let’s take a look at its features in 2022.
Features of Airtel Payments Bank Savings Account in 2022
Airtel Payments Bank allows Airtel customers to open savings accounts. To create an account, you need to download the Airtel Thanks app. The company claims that with APB, customers will get free personal accident insurance of Rs 1 lakh. In addition, interest on savings can go up to 6%. Customers are also offered an online debit card.
Airtel Payments Bank also allows customers to deposit cash through its several banking outlets located across the country. Customers can also withdraw money via bank points or certain ATMs. There are also IMPS and UPI services that allow customers to transfer money to other people.
Through Airtel Payments Bank, customers can also pay their mobile/DTH and utility bills. There is an Airtel Money wallet that users can use to recharge or make bill payments.
APB also offers services for businesses, including enterprises, startups and SMEs. Airtel said it offers payroll management solution and cash management solutions for its business customers. You can also visit Airtel official website or Airtel Payments Bank website to check more details. Alternatively, customers can contact the telecom operator’s customer service team for assistance in opening a new savings account and learning how to access all of its features.
Airtel Payments Bank is now also on WhatsApp. For more details on this, click here.