For every Rupee deposited in a Airtel Payments Bank savings a/c, customers will get one minute of talk
time on their Airtel mobile number
Airtel Payments Bank offers interest rate of 7.25% p.a. on savings accounts deposits, the highest in India
A customer’s Airtel mobile number will be his/her bank account number Will have a network of over 100,000
merchants (shops) across Rajasthan accepting digital payments from Airtel Payments Bank, offering customers the
convenience of cashless purchase of goods/services using their bank accounts/ wallets
New Delhi/Jaipur, December 2, 2016: Airtel Payments Bank, the first payments bank in India to
go LIVE, today announced a major additional benefit on savings account deposits, offering unmatched value to
customers.
Any customer opening a savings account with Airtel Payments Bank, will get one minute of talk time* on
his/her Airtel mobile for every Rupee deposited. For e.g. if a customer opens an account with a deposit of Rs
1000 then he/she will get 1000 minutes of free talk time on his/her Airtel mobile number. The talk time can be
used for calling all over India. This benefit is applicable on first time deposits only.
Airtel Payments Bank has rolled out pilot services in Rajasthan with the objective of testing its systems and
processes ahead of full scale pan-India launch. Customers in towns and villages across Rajasthan will now be able
to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of
basic, convenient banking services. Airtel Payments Bank will commence the pilot with banking points at 10,000
Airtel retail outlets.
Shashi Arora, MD & CEO, Airtel Payments Bank said, “We are leveraging Airtel’s telecom ecosystem to bring
banking services to the doorsteps of every Indian. We are confident that this additional benefit along with the
industry-best interest rate on deposits will encourage customers to open accounts with us and give a big boost to
customer acquisition. We are also undertaking a massive drive to enroll over one lakh merchants in Rajasthan by
the year-end, who will not be charged anything for accepting digital payments from Airtel Payments Bank customers.
We believe this will boost the digital payments ecosystem hugely and reduce dependence on cash”
A wide network of merchants (sellers/shops) across Rajasthan will accept digital payments from Airtel Payments
Bank from day one, offering customers the convenience of cashless purchase of goods and services via their mobile
phones in a quick and secure manner. Airtel Payments Bank plans to expand its merchant network in Rajasthan to
100,000 by the end of the year, giving a big boost to digital payments ecosystem.
Airtel Payments Bank is a fully digital and paperless bank. Its banking points will offer bank account opening
services and cash deposit & withdrawal facilities.
Any customer, including non-Airtel customers can open a savings account with Airtel Payments Bank by visiting a
designated Airtel retail outlet in his/her neighbourhood. No documents are required, only the customer’s Aadhaar
number is needed for opening an account. The account will be opened through a paperless process within minutes
through Aadhaar based e-KYC authentication.
Airtel Payments Bank’s services can be accessed by Airtel customers on their mobile phones through the Airtel
Money app, through USSD by dialing *400#; or via a simple IVR by dialing 400. Both the USSD & IVR options are
available in Hindi and English language and work on simple feature phones as well. Non Airtel customers can access
Airtel Payments Bank’s services by dialing 8800688006. Customers can also visit any designated Airtel retail
outlet to access services (and not just the outlet where they have opened the account).
*Airtel to Airtel mobile minutes for calling all over India. Validity of 30 days