Highlights
New rates for deposits of over Rs 1 lakh.
Upto Rs 1 lakh @2.5% p.a. interest rate.
New Delhi: Airtel Payments Bank has said that its customers will get an increased interest rate of 6% p.a. on savings account deposits of over Rs 1 lakh.
This follows Airtel Payments Bank becoming the first payments bank to implement the enhanced day-end savings limit of Rs 2 lakh as per the Reserve Bank of India (RBI) guidelines.
Airtel Payments Bank Savings Account Interest Rates from May 1, 2021
Rs 1-2 lakh: 6% p.a.
Upto Rs 1 lakh: 2.5% p.a.
The new interest rate regime is an important addition to the Bank’s suite of simple, secure, and rewarding solutions. Customers can now open an Airtel Payments Bank account within few minutes with a video call from the Airtel Thanks app, the company said.
Airtel Bank offers 6% interest rate for deposits over ₹1 lakh
May 03, 2021
Airtel Payments Bank has over 55 million engaged users across its operations Airtel Payments Bank on Monday said that its customers will get an increased interest rate of six per cent per annum on savings account deposits of over ₹1 lakh.
While the interest rate for deposits over ₹1 lakh to 2 lakh is six per cent, deposits up to ₹1 lakh is 2.5 per cent per annum (effective May 1), the company said in a statement.
This follows Airtel Payments Bank becoming the first payments bank to implement the enhanced day-end savings limit of ₹2 lakh as per the Reserve Bank of India (RBI) guidelines, it said.
Top 10 most-watched Indian ads on YouTube in March 2021 afaqs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afaqs.com Daily Mail and Mail on Sunday newspapers.
Airtel bank eyes fourfold rise in Safe Pay users
Updated:
Updated:
Security feature can stop fraud: Biswas
Share Article
Security feature can stop fraud: Biswas
Airtel Payments Bank plans to grow the user base for its recently-introduced Airtel Safe Pay by fourfold, said a top official.
“We launched Airtel Safe Pay during January 2021 and within one month, we got a quarter of a million users,” said Anubrata Biswas, MD and CEO of the bank.
Safe Pay is a security feature that can be availed by Airtel Payments Bank Savings Account customers with an Airtel Mobile number linked to the account. It provides an additional real-time alert to the customers at the time of an UPI or net banking transaction right before the debit of the customer’s account. The debit will only happen when the customer approves the transaction. It is the third factor authentication along with the current process of two-factor authentication.
Airtel launches Safe Pay to combat online payment frauds
Airtel has launched a new feature Safe Pay for digital payments for all Airtel Payments Bank customers. It adds another layer of authentication to protect online transactions against cyber and banking frauds.
Akarsh Verma | February 7, 2021 | Updated 11:44 IST
Highlights
Airtel has launched another layer of authentication for online transactions called Safe Pay.
Every transaction where money from your Airtel Payments Bank account is to be debited, youll get an alert.
Airtel says that all UPI apps can be linked to your Airtel Payments Bank account.
Airtel has launched Airtel Safe Pay , a safe mode for making digital payments, to protect Airtel customers from the growing incidents of online payment frauds. With the security feature, customers making UPI or net banking based payments through the payments bank, no longer have to worry about money leaving their accounts without their explicit consent.