Managing a bank account can be a hassle, especially if you have to physically visit the bank every time you need something. That’s why finally after listening to the customers’ plight, several banks opened up online services for their savings account holders.
However, certain traditional banking problems still exist. As a solution to that, players like Airtel came up with their own digital banking service in the form of Airtel Payments Bank.
Airtel Payments Bank – Savings Account
Airtel Payments Bank is a first of its kind, digitized bank in India. It is a one-stop solution to all your traditional banking problems such as standing in long queues to get your work done or going through lengthy procedures to even open a simple savings account. And if you’re wondering “how to open savings account online,” with Airtel Payments Bank everyone can get an account opened within a matter of minutes.
Benefits Of Using Airtel Payment Bank’s Savings Account
There are several benefits to using the all-digital savings account by Airtel Payments Bank. Enlisted below are a few of those benefits:
- Easy Accessibility & Unlimited Deposits
Airtel Payments Bank’s savings account can be easily accessed via the official website or the Airtel Thanks app. Moreover, with 5 Lakh+ banking points across the nation, you can also do cardless cash deposits or withdrawals at any time.
- Up To 6% Interest Per Annum
High Interest Rates are a much-needed push that makes us want to save more. Airtel Payments Bank provides an annual interest rate of 2.5% for an end of the day balance of up to ₹ 1 lakh. For an end of the day balance of above ₹ 1 lakh and up to ₹ 2 lakhs, the annual interest rate is 6%.
- Video KYC
When you open a savings account with Airtel Payments Bank, the entire procedure can be done online. With the Video KYC facility, an Airtel Executive will verify your documents via a video call and complete your KYC process virtually. Thus, you get to open savings bank account without even stepping out of your house.
- Exclusive Freebies
The savings account with Airtel Payments Bank also comes with a set of freebies such as a free personal accident insurance cover worth ₹ 1 Lakh.
- ZERO Balance Account
Gone are the days when you worried about maintaining a minimum balance amount in your bank account. With Airtel Payments Bank, every savings bank account holder can enjoy the benefits of an account with no minimum balance requirement.
- Virtual And Contactless Services
Ditching the traditional ways of banking, Airtel Payments Bank provides several virtual and contactless services. These include a Virtual Debit Card that is offered to every savings bank account holder, the ability to make contactless payments and more. With an Airtel Payments Bank account, you can simply Scan & Pay at any merchants through UPI.
- Exclusive Offers & Discounts
Every account holder with Airtel Payments Bank enjoys a plethora of exclusive offers, discounts and cashback on every transaction. Whether it’s while paying your utility bills, doing your mobile recharge, getting a FASTag or more, there are exclusive offers for every action.