Recently opened my savings account with Airtel Payments Bank. This can be done through any airtel store or dedicated money points. Your wallet account gets instantly upgraded to a savings account once the biometric verification is done using Aadhar. Apart from the limited availability of money points, the service provided is top notch. They provide an interest rate of 7.25% , the highest for a savings account. Customer service is also good. The interest is calculated monthly and credited into your account every month. The lack of money points will probably be solved soon, with the addition of HPCL petrol bunks as banking points.
Listing below the benefits of opening a savings account with airtel:
• 7.25% interest rate on the deposited amount credited into the account every month.
• You get a free personal accident insurance worth 1 lakh from Bharti AXA. Only thing you need to do is make atleast one transaction once every month to maintain the insurance coverage.
• You get free talktime equivalent to the amount you deposit.
• Great cashback and offers for recharges and bill payments made through the app.
• You also a get an instant mastercard debit card for use on online merchants.
• Money transfer between banks, free of cost using UPI.