In light of recent developments where the Reserve Bank of India (RBI) has directed Paytm Payments Bank to halt deposits, many users are seeking alternative digital payment solutions. Airtel Payments Bank emerges as a reliable option, offering a seamless banking experience through its Airtel Payment Bank Account. Here’s a comprehensive guide on how to open an Airtel Payments Bank Account in 2024.
Similar to Paytm Payments Bank, Airtel Payment Bank Account provides users with convenient banking services, including savings accounts and fixed deposits. With competitive interest rates of up to 7% on savings accounts and 7.8% on fixed deposits, coupled with zero opening fees, Airtel Payments Bank presents an attractive proposition for users.
How to Open an Airtel Payments Bank Account?
Opening an Airtel Payment Bank Account is hassle-free and can be completed within 24 hours. All you need is your Aadhaar number and PAN card to initiate the process. Follow these simple steps:
1. Visit the Play Store and download the Airtel Thanks app.
2. Upon opening the app, enter your mobile number and verify it using the OTP received. It’s worth noting that you can use any mobile number, irrespective of the service provider.
3. Once logged in, locate the “Manage” section and select “GET WALLET.”
4. Fill in your details such as name (matching your ID proof), date of birth, email, PIN code, and select the type of ID proof (e.g., Aadhaar card, voter ID, driver’s license).
5. Create and confirm your mPIN, which will be used for banking transactions.
6. Head to the “Buy New Service” section and choose “Open Bank Account.”
7. Input your PAN and Aadhaar numbers, agreeing to the terms and conditions before proceeding.
8. Capture a selfie and upload it for verification purposes. You will then be directed to Airtel customer care for further verification by presenting your Aadhaar and PAN card.
9. Once verification is successfully completed, your Airtel Payment Bank Account will be opened.
10. You’ll also get a virtual Debit Card which you can use to Create UPI.
Also Read: How to Change Settlement Bank from Paytm Payments Bank in Payment Business
With these straightforward steps, you can enjoy the convenience and benefits of banking with Airtel Payments Bank. Whether you’re looking for a reliable savings account or considering fixed deposits, an Airtel Payment Bank Account offers competitive interest rates and user-friendly banking services.
As Paytm Payments Bank discontinues accepting deposits post-February 29th, 2024, Airtel Payments Bank stands as a robust alternative, ensuring uninterrupted banking services for users across the country. Take advantage of this opportunity and open your Airtel Payment Bank Account today to experience seamless digital banking in 2024 and beyond.