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

[itzmynet]

I think you can still do recharges using wallet even without kyc. just use the recharge & pay bill options from the services tab

 

[Jonas]

It's not a functional wallet. If I want do recharges, I've to do KYC. That's the whole point.

 

[Jonas]

Wrote to wecare, and got a call explaining to me that I am not using the wallet hence the charge. But the lady couldn't answer my simple question: if I have not done KYC for this wallet, why is it still active?

"Technical glitch, sir".

 

[socrates]

Amazon tried to push me into doing kyc for their Pay crap. I never opted for it whenever the delivery guy owed me a few bucks (when I was using cod) they would credit it to the wallet which I used once when I was paying for a purchase. Finally they sent me a sms that my pay account is suspended for non compliance of kyc. As if I care..

 

[minuteman]

Check here: Service charges
Annual subscription charge ₹49+gst and imps costs 1.25% of the amount transferred which is higher than reputed banks in India better close your payment bank account check your airtel thanks app incase the retailer opened account without permission

 

[Smh]

Bharti Enterprises' Sunil Mittal seeks a stake in Paytm: Report

Mittal seeks to fold Airtel Payments Bank into Paytm Payments Bank in a stocks deal and is also seeking to buy Paytm shares from other holders, sources told Bloomberg.

www.moneycontrol.com

Airtel wants to sell their payments product to Paytm and merge.