What is Airtel Payment Bank and How to open Airtel Payment Bank Account? Prepaid Recharge And Bill Payments from Airtel Payment Bank !!

Hello Friend’s Today i have brought a new information from you guys in this article.This time back with the one of the most popular Airtel company in India. In there post where you will get full information. Here in this post, we are going to share a most population Airtel payment bank apps For All Us. So if you want to know more details about Airtel Payment Bank app then you are in the right place. Read the full article. So let's start this article without delay.


What is Airtel Payment Bank?

Airtel Payments Bank is a public limited company with its headquarters in New Delhi, India. The company is a subsidiary of Bharti Airtel. It is the first company in India to receive a payments bank license from the Reserve Bank of India and it became the first live payments bank in the country

CEO: Anubrata Biswas (24 May 2018–)
Headquarters location: New Delhi
Founded: January 2017
Subsidiary: YTS Solutions Pvt. Ltd.
Parent organization: Bharti Airtel
 
What can a customer do with his/her Airtel Payments Bank Account? With Airtel Payments Bank account, customer can deposit & withdraw cash, transfer funds to other's Airtel Payments Bank Account and other bank accounts, recharge mobile & DTH, pay bills, book tickets, pay shops, make online payments and much more.Key features. A savings account with Airtel Payments Bank also gives you a plethora of services such as cash deposit/withdrawal at any of the 5 Lac+ banking points across the country, money transfer to family & friends, mobile/DTH recharges, utility bill payments, online/offline shopping and much more.
 
List of Best Payment Banks in India 2020

Here is the list of 11 applicants who got approval from RBI to open a payment bank in India.

  1. Airtel M Commerce Services Limited
  2. Aditya Birla Nuvo Limited (Idea Cellular)
  3. Fino PayTech Limited
  4. Reliance Industries
  5. National Securities Depository Limited (NSDL)
  6. Department of Posts (India Post)
  7. PayTM
  8. Cholamandalam Distribution Services Limited
  9. Sun Pharma
  10. Tech Mahindra Limited
  11. Vodafone M-Pesa Limited

Out of these 11 Payment Bank licensee’s 3 surrendered their license to RBI. Those are-

  1. Sun Pharma
  2. Tech Mahindra
  3. Cholamandalam distribution services

Aditya Birla Ltd. discontinued its payment bank operations from 26 July 2019. Vodafone M-Pesa Ltd didn’t start its payment bank owing to complications.

So, out of 11, the actual 6 operating payment banks are –

Best Payment Banks in India 2020

1. Airtel Payment Bank

Airtel took the credit to start India’s first payment bank in November 2016. Initially Airtel offered an amazing interest rate of 7.2% on savings account along with 0.65% charges on withdrawal of amount more than Rs. 4,000. But now Airtel has reduced the interest rate to 4%. Airtel has wide coverage with more than 5 lakh banking points in India.

Let’s look at other benefits offered by Airtel Payment Banks –

  • Earn a 4.0% rate of interest
  • Get an online debit card
  • Transfer money to any bank account in India through IMPS or UPI
  • Get free personal accident insurance cover of Rs 1 Lac
  • Deposit cash at any nearest Airtel Banking Point
  • Withdraw cash through Airtel banking points or select bank ATMs
  • You can buy third party insurance products
  • Recharge prepaid mobiles/DTH and pay utility bills (electricity, water, gas, postpaid, etc.)
  • You can also book bus and train tickets  

2. Indian Post Payments Bank

Benefits of  IPPB’s Doorstep Banking

  • You can experience seamless, digital and convenient account opening at your doorstep.
  • Enjoy safe and secure cash transactions at your doorstep along with 24X7 fund transfer facility using IPPB app.
  • Instant mobile and DTH recharge, water and electricity bill payments.
  • You can now access your Aadhaar linked accounts held with other banks. You can opt the below services:
    Cash Withdrawal
    Balance Enquiry
    Mini Statement
  • You can also enjoy Third-party Services like Insurance, Loans, and Investments.

3. Fino Payments bank

Benefits of Fino Payments Bank are-

  • You can experience seamless money transfers, shopping and withdrawals.
  • Sweep in and Sweep out facility to earn more interest up to 7.2%.
  • Enjoy safe and secure cash transactions using Fino payments app.
  • Instant mobile and DTH recharge, water and electricity bill payments.
  • 10% cashback on shopping at vishal mega mart.
  • 10% discount on shopping at big bazaar.
  • Offers from MMT, Bata and Bookmyshow.

4. Paytm Payments Bank

Benefits of  Paytm Payments Bank-

  • You can open zero balance savings account with no worry to maintain monthly average balance.
  • Account opening is simple and completely digital via the paytm app. But you need to submit documents to complete your KYC at the nearby Paytm point or you can avail this facility during ride because Paytm has colaborated with Ola, Uber to complete KYC through their drivers.
  • No charges on online fund transfers done via IMPS, UPI or NEFT to another Paytm bank account or Paytm wallet.
  • 4% charges on money transfers from wallet to a bank account.

5. Jio Payments Bank

Benefits of Jio Payments Bank-

  • Your account limit is from Rs. 1 lakh
  • Earn interest of 4% on your account balance.
  • You can use your Jio Payments Bank account for all your digital banking needs like instant money transfers, paying bills, recharges, online payments and much more.
  • You can even get your free monthly statements, offers and SMS alerts.
  • It is easy to view your transaction history directly from your MyJio app.

NSDL Payments Bank

Yet to start its operations. They have started the registeration for account opening in NSDL Payments Bank.

Also Read:-

How to open Airtel Payment Bank account?

Here is a step step Open your Airtel Payment Bank account

  • Adfirst Open Airtel app on your smartphone or visit this website.Click Here
  • Enter your mobile number.
  • Choose a proof of identity [PAN, Voter ID, Driving license, or Aadhaar Card]
  • Enter PAN No, Voter ID, or Driving license no
  • Verify OTP
  • You’ve successfully created Airtel Wallet account

Read it also:-

Airtel Money Wallet, you can make digital payments at thousands of online & offline merchants through:-
 
• QR Code Scanning 
• Payment to a phone number 
• BHIM UPI
• Merchant Initiated Payment 
 
Airtel UPI Refer&Earn Money
 


  • After Instaling Airtel Thanks App.
  • Click on Bank Section.
  • Click on Refer & Earn.
  • Send your unique link to your friends.
  • They should use your link to create Airtel UPI and do their first transaction with a minimum amount of Rs. ...
  • Both of you get Per Referral Rs.50/- in your Airtel Money Wallet/ Airtel Payments Bank Account.

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