Is Airtel payment bank safe to use?

Airtel Safe Pay will work for customers who have Airtel Payments Bank Savings Account linked with their Airtel mobile number. With Safe Pay, UPI and net banking payments can be authenticated at any online and offline merchant in the country.

Is Airtel Payment bank approved by RBI?

Airtel Payments Bank has increased the day-end balance by up to ₹2 lakh, in line with the Reserve Bank of India’s (RBI) guidelines. The bank’s deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a wholly-owned subsidiary of the RBI.

Which is better Airtel payment bank or Paytm payment bank?

As of now, Airtel payments bank is giving the highest interest rate of 7.25\% which is a very attractive rate compared to other commercial banks. Paytm’s bank offers an interest rate of 4\% on savings account and 7\% on FDs whereas, India Post payments bank is offering between 4.5 – 5.5\% for savings account.

What are the benefits of Airtel payment bank?

Airtel Payments Bank Saving Account

• Easy accessibility with over 5 Lac banking points.
• Annual interest rate of 2.5\% upto 1 lakh end of the day balance and 6\% above 1 lakh and upto 2 lakhs of end of the day balance.
• Free personal accident insurance cover of Rs. 1 Lac.
• No minimum balance requirement.
• Virtual Debit Card.

How can I stop Airtel payment bank?

You can remove the bank account by clicking the garbage icon at the end of the line.

Is Airtel payment bank a bank?

About Airtel Payments Bank Airtel Payments Bank was launched in January 2017, by Bharti Airtel, India’s largest telecom provider, to support the cashless revolution promised by the Government of India. Airtel Payments Bank is a differentiated bank that provides essential financial services to its customers.

Is KYC needed for Airtel payment bank?

All you need to have is an active mobile number, PAN card and Aadhaar card for completing the KYC. You can open the account by visiting the nearest Airtel Payments Bank Banking centre. Airtel customers can also access the account on their My Airtel App.

Is Airtel payment bank charges?

Transfer Charges (Rs.) Wallet to bank 2\% of transaction amount* Please note effective 13th Feb,2018, charges will be 3\% of transaction amount *For Failed transactions, total amount including charges are reversed.

Is Airtel Payment Bank provide debit card?

The objectives of Airtel Payments Bank Limited is to provide customers a Virtual Debit Card for making online payments with simple, fast and secure ways to do such payments. 3. APBL Debit Card is issued to all eligible account holders against their request. It facilitates online purchases .

How can I stop Airtel bank payment?

Submit Airtel Payments Bank Account Closure Request online You can submit the Aadhaar card scanned copy as an ID proof and address proof. Step 3: After submitting your scanned document coy. your account closure request will be processed and you will get mail/SMS about account closure status.

What is ‘Airtel safe pay’?

With ‘Airtel Safe Pay’, Airtel customers making UPI or Netbanking based payments through Airtel Payments Bank, no longer have to worry about money leaving their accounts without their explicit consent.

How do I open an account in Airtel Payments Bank?

You can call on Airtel Payments Bank customer care number, that is, 400. Bharti Airtel Ltd. is a business correspondent (“BC”) of Airtel Payments Bank (“Bank”). Airtel Payments Bank account can be opened by Part time banking outlets (business correspondent agents of the Bank).

What to do if your Airtel SIM card is stolen?

Reach out to Airtel Customer care if your SIM card is stolen and get it blocked. If the sim is not blocked, it will continue getting Secure Pay messages whenever a transaction is initiated provided that Airtel number remains linked to the Airtel Payments Bank savings account.

Will secure pay alerts be received on my mobile device?

Yes, Secure Pay alerts will be received on your mobile device even if the internet connectivity is not there. You have to ensure that you are in a network area. What information will be shown to me on the Safe Pay alert?