How to open an online saving account in Airtel Payment Bank?

What is Airtel Payment Bank?
Airtel Payment Bank is a subsidiary of Bharti Airtel one of India's largest mobile network operators. It is a digital banking service that offers various financial services such as opening savings accounts making deposits transferring money bill payments and purchasing goods and services using digital wallets.

Airtel Payment Bank operates on a network of small retail outlets known as "Banking Points" or "Airtel Money" outlets where customers can deposit or withdraw cash and perform other banking transactions. Customers can also access their accounts and perform transactions through the Airtel mobile app or by dialing a USSD code on their mobile phones.

Airtel Payment Bank aims to provide easy and convenient banking solutions to individuals especially those in rural and remote areas who may not have access to traditional banking services. The bank offers an interest rate on savings accounts and also provides benefits such as cashback offers on transactions.

Overall Airtel Payment Bank combines the reach of Airtel's telecom network with banking services to provide customers with a seamless and convenient banking experience.

What is Airtel Payment Bank Savings Account?
Airtel Payment Bank Savings Account is a digital bank account offered by Airtel one of India's leading telecommunications companies. This account allows customers to receive and make payments transfer money and manage their finances digitally through the Airtel Thanks app or website.

The Airtel Payment Bank Savings Account is a no minimum balance account which means customers can open and maintain the account without any minimum deposit requirements. Additionally customers can earn interest on their savings which is calculated on the daily balance and credited to the account on a quarterly basis.

With this account customers also receive a virtual debit card that can be used for online and in-store purchases. This makes it convenient for customers to shop and make payments digitally without the need for a physical card.

Airtel Payment Bank Savings Account also offers various banking services like bill payments recharges money transfers insurance and more. Customers can access these services through the Airtel Thanks app or website making it a convenient and comprehensive banking solution.

Overall Airtel Payment Bank Savings Account provides customers with a simple and easy-to-use digital banking experience allowing them to manage their finances efficiently and conveniently.

How to open an online saving account in Airtel Payment Bank?
To open an online saving account in Airtel Payment Bank follow these steps:

1. Download and Install the Airtel Thanks App on your smartphone from the respective app store (Google Play Store for Android users or App Store for iOS users).

2. Open the Airtel Thanks App and login/sign up using your Airtel mobile number.

3. Once you are logged in navigate to the "Banking" section in the app.

4. In the Banking section you will see an option to open an Airtel Payment Bank account. Click on that option.

5. Provide the required information such as your name address PAN number Aadhaar number etc. Make sure to enter the correct details.

6. After providing the necessary information you will be required to complete the KYC (Know Your Customer) process. This can be done either through the e-KYC option or by scheduling a visit from an Airtel Payment Bank representative for offline completion of KYC.

7. Once your KYC is completed you will be asked to set a 4-digit mPIN (Mobile Personal Identification Number) to secure your account.

8. After setting the mPIN your Airtel Payment Bank account will be successfully created.

9. You can now deposit money into your Airtel Payment Bank account through various channels like net banking debit/credit card UPI etc.

10. To avail the benefits of a saving account you can transfer funds make bill payments recharge shop and perform various other financial transactions using your Airtel Payment Bank account.

Note: It is important to note that opening an Airtel Payment Bank account is subject to the discretion of Airtel Payment Bank and based on their terms and conditions.