If you are thinking of opening your account with Airtel Payment Bank, then first definitely know about it from the details. Friends Airtel is an Indian telecom company which was established on 7 July 1995. Sunil Bharti Mittal is the chairman of this company.
There are so many opportunities available in the banking sector in India that even non-banking finance companies are doing business worth crores of rupees in the market.
Airtel has an RBI license in the payment banking category if say airtel payment bank is registered with RBI. Airtel Bank was the first company that got RBI’s payment bank license but due to non-compliance with certain KYC rules, a penalty of about 50 lakhs was also imposed by RBI on Airtel Payments Bank in 2018.
Nowadays Airtel Payment Bank is going on in big news in the market. We are going to give complete information about why Airtel Payment Bank is becoming the choice of people in this article.
Airtel Bank Account Benefits
In the Airtel bank app, you can add any of your bank accounts and directly transfer all money to your bank account right here. Transfer or deposit money in any bank is done by Airtel UPI.
In Airtel Bank, you can deposit money like normal banks and can also withdraw money when needed. Around 5 lakh Airtel points have been opened in the country, by visiting where you can do transactions from your account.
Through this account, you can do any online transaction, IMPS, or RTGS.
You can book any ticket like a movie ticket, train ticket, plane ticket or bus ticket.
Anyone can do online recharge like online mobile recharge, DTH recharge.
One can pay bills online like electricity bills, telephone bills, or gas bills.
Zero balance account in Airtel payment bank
Airtel Bank also like other banks like Axis Bank Zero Balance Account or SBI Zero Balance Account, this bank also gives facility to open zero balance account.
However, it will not be wrong to say that all accounts in Airtel Bank are opened on zero balance only. Opening an account in Airtel Payment Bank is also very easy. If you want to open your savings account in this bank then this is an auspicious opportunity for you.
Airtel Payment Bank Interest rate
Friends, the reason why Airtel Payment Bank is in the news nowadays is that this bank is giving more interest on a savings account than almost all other banks. If we talk about any bank in the market whether it is SBI, Canara Bank, PNB, BOB, Indian Bank, Axis Bank, ICICI Bank, or HDFC Bank, all these banks are not giving more than 4% interest on a savings account.
But Airtel Payments Bank is offering its customers an interest rate of up to 6% on the amount kept in the savings account. 6% interest rate on a savings account is a milestone in itself, as many banks are not offering 6% interest rate even on fixed deposit accounts
How to Operate Airtel Payment Bank Account
You can operate Airtel Payment Bank in two ways.
First easy way – It is a very easy way to operate Airtel Payment Bank online. You can also install this bank’s application on your mobile and by verifying KYC, you can activate the bank account. You can also operate an Airtel Bank account from Airtel’s official website and can send money to anyone and get it ordered in your account.
Another way to operate Airtel Bank is offline. If you are not in the habit of doing online banking then you can operate an Airtel Payment Bank account offline as well. Airtel has opened around 5 lakh airtel points across the country. You can do transactions from your account or even open a new account by visiting any of your nearest airtel points
Documents required to open Airtel Payment Bank Account.
If you want to open an airtel payment account then you will not have to pay for many documents.
You can also open this Airtel account online, for which you will have to download the Airtel Thanks app.
To open an online account, you must have an Aadhar card because your KYC will be completed only through an Aadhar card.
Your mobile must be registered with your Aadhar card as an OTP will be received on your mobile on the basis of which your documents will be verified.
Airtel app will capture all the details from your Aadhar card and you will not need to provide any additional documents.
If you do not have an Aadhar card then you will have to open your Airtel Payment Bank account by visiting Airtel Points.
For this, you will have to carry an ID proof, an address proof, photograph with you.
Your account will be opened on the basis of biometric at airtel point
How to Airtel payment bank app download
You can download and install the Airtel Payment Bank app from the Google Play Store on your mobile.
To download the Airtel Payment Bank app, first of all, open the Google Play Store on your mobile.
Write Airtel Thanks App in Google Play Store.
Download the app and install it by clicking on the install button.
Open Airtel Thanks app.
Click the lets Starts button.
Allow all permissions requested by the app.
Enter your mobile number in the app.
Click on Send OTP button.
An OTP will be received on your mobile, enter the OTP in the app.
Enter your father’s name, mother’s name, marital status, and annual income here.
Enter your correspondence address here.
If your Aadhar address and correspondence address are the same then select “Yes” and click on the “Submit” button.
Enter your nominee details here.
In this way, you will be logged in to the Dashboard of the Airtel App.
Click on the Banking icon at the bottom of the app.
The application form for opening an Airtel bank account will open on the screen.
First of all, enter your first name in the bank account application form.
Enter your last name in the text field.
Enter your date of birth in the next row.
In the next step, enter your email id.
In the next row enter your postal pin code.
Select an ID proof from the drop-down below which you have to upload.
Try only to select your Aadhar card in the ID proof.
Enter your Aadhar card number in the document number.
Accept the term and conditions below the mobile number.
After filling all the fields click on the Continue button.
The option of mPin will be available on the next screen, here create a 4 digit mPIn.
mPin is used to login to Airtel Payment Bank.
After creating the mPin, click on the done option.
An OTP will be received on your mobile, confirm it by entering the OTP on the screen.
In this way, your registration will be successful and the message of registration successful will come on your screen.
Now click on Explore option.
Airtel Thanks App works such as Google Pay App.
How to Apply for Airtel Bank ATM Card
First of all open airtel bank application.
Open the Dashboard of the Airtel Application.
Click on the Debit Card icon on the home screen.
On the next screen enter mPin and submit.
Thus your virtual debit card is created.
Your Debit Card and Debit Card Number will appear on the screen.
You can also set the limit of your debit card by clicking on the right-hand corner, then you can also deactivate it.
How to view Airtel payment bank account number
If you have registered for Airtel Bank and do not know your account number yet, then here is how to check Airtel bank account number.
First login to the Airtel app.
Click on View Profile in front of Wallet.
On the next screen click on my details.
On the next screen, you will see your email id, your phone number, IFSC code, and address on the screen.
Your phone number is your Airtel bank account number.
If you want to get money from anyone in your airtel account then use your mobile as an account and use this Airtel code instead of AIRP0000001 IFSC.
How to Find Airtel Payment Bank Near Me
Finding an Airtel Banking points is very easy. There are numerous Airtel points working in the country. You can click on Airtel near me link and enter your pin code in the search box.
Your nearby location will reflect in the drop-down. Select a location from the list. You can see Google Maps on the screen and the perfect location. In the way, you can search Airtel. Payment Bank Near me location on the Airtel website.
What is the Airtel payment bank IFSC code ?
Airtel bank’s IFSC code is AIRP0000001. You can use it while receiving money from any bank.
How much money can I deposit and withdraw from Airtel Bank in a minimum and maximum of one day?
You can deposit a minimum of 10 rupees and a maximum of 100000 rupees in a day and can withdraw a minimum of 10 rupees and maximum of 25000 rupees in one transaction in Airtel Payment Bank.
Can I do Net Banking with Airtel Payment Bank?
Yes, you can send money to any bank by doing net banking with Airtel Payment Bank
What is Airtel Payment Bank Customer Care Number?
Airtel Sim users can call customer care at 400 and other Sim users can call at 8800688006