Seven Advantages of Opening an Airtel Payments Bank Account!

Airtel Payments Bank, India’s first payments bank service has received a massive response from its initial launch. Initially, the services were launched in only one state- Rajasthan, however, after receiving 1,00,000 customers in just two weeks, the telecom network expanded the services to Andhra Pradesh, Telangana, and Karnataka.

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Why are customers going nuts about this service? Well, this is not just a digital wallet service such as Paytm and Mobikwik but has several additional features apart from just paying to merchants. Let’s take a close look at all the advantages of Airtel Payments Bank when compared to other digital wallet apps such as Paytm, Mobikwik, and Oxigen.

1) Banking Points for Cash Deposits/Withdrawals

To encourage people to deposit money in Airtel Payments Bank, Airtel has announced a new offer where the company is offering one minute of Airtel to Airtel free talk time on their number for every one rupee the user deposits/withdraws from his account.

2) An Interest Rate of 7.25%

Airtel is offering an interest rate of 7.25 percent for all the people who open an account in their Payments Bank, which is a cool feature that is missing from other wallet apps.

3) Transaction Limit of 1 Lakh

With the Airtel Payments Bank account, every user can transact an amount of up to Rs. 1 lakh per month, whereas other payment apps allow only up to Rs. 20,000.

Also Read: Here’s Everything You Should Know About Airtel’s V-Fiber Broadband Service

4) Free Talktime

As said earlier, Airtel is offering one minute of Airtel to Airtel free talk time for every one rupee of money deposit/ withdraw from the account.

5) Accidental Insurance of 1 Lakh

Another huge benefit in getting an Airtel Payments Bank account is it offers an accidental insurance of 1 lakh, which no other apps offer in the same segment.