Airtel Payments Bank opens 10,000+ savings accounts in 2 days
NEW DELHI: Airtel Payments Bank said over 10,000 customers have opened savings accounts with it within two days of going live with a pilot project in Rajasthan.
Last week, Airtel Payments Bank became the first Payments Bank to go live in the country with the roll out of pilot services in Rajasthan.
“We are offering the highest interest rate on savings account deposits in the country along with personal insurance of Rs 1 lakh and may look at sweetening the value proposition further and introduce more benefits in the coming days to accelerate the onboarding,” Shashi Arora, MD and CEO, Airtel Payments Bank said.Read more ↓
In Rajasthan, Airtel Bank has rolled out pilot services across 10,000 Airtel retail outlets, which also act as banking points. Two-thirds of these banking points across Rajasthan are in rural areas. Airtel Bank plans to have a network of 100,000 merchants (shops) across Rajasthan by the end of the year.
All these merchants will accept digital payments via Airtel Bank using a mobile phone, the statement said adding Airtel will not charge any processing fee from merchants for this facility.