Airtel payments bank is best because in this online bank you can anything easily. I am using APB since one year and it is working really awsome. Currently in my family all members and many of mine friends also using this after I suggest them that it is good for money saving, amount transfer, recharging, and get extra interest rate.
I am telling you how I started all this. You can open your bank account from airtel website or downloading My Airtel App by your airtel sim only. I did this in apps, here you have to register your airtel mobile number then it will lead to APB then verify kyc with your aadhaar card number. After successfully verified your account will be ready to operate. Now you can use these features as written below,
Airtel payments bank providing us,
1-Money saving
2-Amount transfer
3-UPI
4-Debit card
5-Recharging/bill payments/offers
6-Extra Interest rate
1-Money saving is very easy in this online bank. you can add money through any debit or credit card or by going airtel retailers store, they will add your money in APB.
2-Amount transfer: You can transfer to any bank account in india. This process is very useful because when you want to pay someone for shopping, filling fuel et. There are various charges levied by airtel when you are going to transfer money to someone. These charges are given below,
Tranfer below Rs51 charges Rs2
Rs51-1000 ch.Rs20
Rs1001-2000 ch.Rs40
Rs2001-3000 ch.Rs60
Rs3001-4000 ch.Rs80
Rs4001-5000 ch.Rs100
So these are the rates which levied during transfer.
Airtel to airtel number transfer is free within APB.
3-UPI ( Unified payment interface) : APB is the first to introduced UPI among other payments banks. I strongly suggest you to use this upi transfer method because you don’t have to pay any extra fees for money transfer. This is the best thing here you will get. Here you can send money also request money to others. When you sends money through APB UPI benificiary will get immediatly. It works faster and safer.
4- APB providing us virtual debit card, where you can shops anything from online shopping site.
Unfortunately once I blocked my virtual debit card, for that I send a mail to airtel. They solved this problem in 15 days and everything is fine.
5-You can paid bills from here like electricity bill, prepaid bill, water bill, DTH and loans and recharges to any mobile number. You will get sometime offers benifit like 10% upto 50% .
6- Now a days banks reduces interest rates but you will get here 7.25% interest by depositing your money.
Also you will get Personal Accidental insurance of Rs 1 lakh.
So this was my experience of using APB.