Airtel Payments Bank (6% interest on deposits over 1 lakh)

[Saurabh Srivastava]

Right now India post is recruiting Assistant managers, once they get transformed to a full bank it will be worth opening an account there.

 

[Sushubh]

Airtel’s Payment Bank: 7.5 Percent Interest and Other Things to Know

Payments banks are not allowed to offer loans, or offer credit cards. The payments banks can also only invest the money people deposit in government securities.

 

[Navjot Singh]

Airtel Payments Bank Offers Talktime Equal to Deposits in New Savings Accounts

Airtel Payments Bank will be giving customers talktime equivalent to the money deposited in their new savings account on their Airtel number.

The talktime can be used to make calls all anywhere in India. The offer is only for deposits made in the bank for the first time. The company said that the validity of the talk time will be only for 30 days.

 

[Sushubh]

lol. what is the fup on that?

 

[Navjot Singh]

Airtel Payments Bank will charge 0.65% on cash withdrawals

Airtel Payments Bank says that it will impose a 0.65% cash withdrawal fee on transactions for its account holders in order to discourage them to use cash. However, the payments bank will not charge any processing fee from its customers and merchants partners for digital transactions.

Currently, Airtel Payments Bank offers 7.25 % per annum on deposits in savings accounts and a customer’s Airtel mobile number will be their bank account number. It also offers personal accidental insurance of Rs 1 lakh with every savings account.

 

[mhsabir]

Airtel Payments Bank to be launched today

 

[Sushubh]

Airtel Payments Bank to be launched today

 

[IBF]

cash withdrawal has charges.

 

[Sushubh]

The maximum savings account balance at the end of the day shall not exceed INR 1,00,000/-(Rupees One Lakh). In case the limit is exceeded, the balance in addition to one lakh rupees will not accrue interest.Bank reserves the right to close the savings account of such Customers who maintain balance of more than Rs.1,00,000 for a continuous period as determined by the Bank from time to time despite sms communication from the Bank to restrict the end of the day balance below or equal to Rs.1,00,000.

 

[Sushubh]

Bharti Airtel to spend $441 million to set up payments bank