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Airtel launches India’s first payments bank | Indian Diaspora Club
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Home » Business News » Airtel launches India’s first payments bank

Airtel launches India’s first payments bank

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India’s leading global telecommunications services company, Airtel has launched one of its kind, payments bank in the country.

Airtel Payments Bank, has come up with a pilot project in Rajasthan. It is offering a whopping 7.25% interest on savings bank accounts which is the highest ever return offered by a bank in India.

Airtel issued a statement and mentioned that the bank is a fully digital and paperless bank. Airtel Banking points will offer bank account opening services and cash deposit & withdrawal facilities.

Smt. Vasundhara Raje, Hon’ble CM of Rajasthan, took to twitter to share the news and also congratulated Airtel. She tweeted, “Congratulations to Airtel for making #Rajasthan the first state in India to have Airtel Payments Bank. #SarvaPrathamRajasthan”.