How good is Airtel payment bank?

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How good is Airtel payment bank?

Very poor service, shows as blacklisted and low balance even though when has sufficient balance, customer support is very disappointing, after long wait at the end your call will be disconnected.

What is the minimum balance in Airtel payment bank?

Rupees 5 lakh per Savings account holder, condition being the customer maintains a Monthly Average Balance of INR 500 and has transacted (Debit Transaction) at least once in a month.

What is the limit of Airtel payment bank?

₹ 2 Lakh
Airtel Payments Bank Increases Day-End Balance Limit To ₹ 2 Lakh.

Does Airtel Payments Bank give debit card?

Airtel Payments Bank’s Virtual Debit card is an open loop payment instrument to make payments to online merchants accepting payments from the co-branded card association. APBL Debit Card is issued to all eligible account holders against their request. It facilitates online purchases .

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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.

Can I deposit cash in my Airtel payment bank?

One can deposit cash at any Airtel Payments Banking Point with just a Secure KEY. SecureKEY is nothing but an OTP sent to customer’s mobile after the Banking Point clicks on Cash deposit and enters customer’s mobile number followed by the amount to be deposited.

Which is better Paytm bank or Airtel 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.

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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 .