Airtel rolled out India’s first Payments Bank named Airtel Payments Bank on January 12 2017. You will get 7.25% interest rate p.a. on savings account deposits. I am showing you how to open Airtel Payments Bank account online.
Step by step procedure to open an Airtel Payments Bank account online
Before start, enable your location access for detecting current location and note down Aadhaar Number
Step1. Download My Airtel App.
Step2. Open it and give your mobile number. It is not mandatory to have an Airtel number and you can give any other number.
Step3. OTP will be generated and mobile number would be verified.
Step4. Now sign up, giving your name and date of birth.
Step5. Create an mPIN.
Step6. Go to My Profile and Apply for Saving Account.
Step7. Enter Your Aadhaar Number.
Step8. Provide your details like your occupation, annual income and PAN number.
Step9. Enter your nominee details to avail benefits of Group Personal Accident Insurance Policy.
Step10. You will see a massage “Congratulations! You moved one step closer to earn 7.25% interest on your deposit”.
Now you will see the list of Airtel Banking Point near you. Visit there and quote your mobile number and complete biometric verification to open account.
The maximum account balance on Airtel Payments Bank account should not be exceed INR 1,00,000/-at the end of the day. Bank pays interest quarterly at published interest rates on the daily end of day balance in the savings accounts.
Airtel Payments Bank customer care number: 400; For Other operators: 8800688006. Customer Call Center / IVR will be available in Hindi, English and Major regional languages.
There is no ATM/Debit Card facility available but you can issue online Debit Card(digital card).
- Fund Transfer charge within Airtel Payments Bank using internet banking, Mobile App & USSD is free and from Airtel Payments Bank to another Bank up to Rs1000 is free.
- Fund Transfer charge from Airtel Payments Bank to another Bank above Rs. 1000 is 0.50% of amount transferred.
- Fund Transfer charge from Airtel Payments Bank to another Bank (Using Banking Point) for amounts above Rs.1000 is 1% of amount transferred.