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airtel payments bank: Airtel Payments Bank offers 6% per annum interest on deposits of over one lakh rupees

Synopsis
Announcing the higher interest rate on savings account deposits of over Rs 1 lakh, Anubrata Biswas, CEO of Airtel Payments Bank, said, RBI s increased savings deposit ceiling is a major milestone for payments banks as this was a key ask from customers .
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Airtel Payments Bank on Monday announced its customers will get an increased interest rate of 6 per cent per annum on savings account deposit of over Rs 1 lakh. The move follows Airtel Payments Bank becoming the first payments bank to implement an enhanced day-end savings limit of Rs 2 lakh, as per the Reserve Bank of India (RBI) guidelines, the company said in a statement. ....

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