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Airtel’s payments bank has launched with a pilot in Rajasthan It has a balance limit of Rs. 1 lakh, and is not issuing debit cards You don’t need to be an Airtel subscriber to sign up for an account In August last year, the RBI announced the names of the 11 companies that received a payments bank license. bijoux pas cher Payments banks are a coque iphone 4 joker new magasins coque iphone type of bank which allow for small accounts, and are meant to help grow the reach of banking in India by letting businesses with established distribution networks enter banking. Now, we’re finally seeing some movement, as Airtel one of the 11 companies has rolled out a pilot project for its payments bank in Rajasthan. bijoux pas cher Chosen Airtel retail stores in Rajasthan will act as branches for the new payments bank each of these stores has coque iphone 6 coucou petite perruche been given fingerprint scanners which are used to enrol people and authenticate users. coque iphone Here’s everything you need to know about Airtel’s payments bank, and the category in general, in 10 simple points: Airtel has launched its payments bank the first in India across 10,000 Airtel retail outlets coque iphone 5s asterix in Rajasthan. bijoux personnalise You do not have to be an Airtel subscriber to open an account with the coque coque iphone xr chip and dale iphone 6 pour l’eau bank. Anyone with an Aadhaar card can get an coque iphone 6 accessorize account with the Airtel payments bank your account is opened after a paperless eKYC, coque iphone 4 chats authenticated with your fingerprint. The coque iphone 6 plus jaune Airtel retail outlets will double up as branches of the Airtel bank. You will be able to create an account, deposit or withdraw money, all at the Airtel stores. The move is supposed to boost financial inclusion mobile companies have been able to set up stores in small towns and even villages, while coque iphone 6 pandicorn bank branches are limited in reach because of the need for greater infrastructure. Now these mobile stores can function as branches. coque huawei Though payment banks can issue ATM or debit cards, Airtel has decided not to do so you will need to coque eclairante iphone xr go to the coque iphone xr porte carte spigen Airtel outlet to withdraw money. Airtel is paying an interest coque iphone 7 christian lacroix of 7.25 percent per year on accounts. Banks such as Axis, ICICI, and HDFC offer 4 percent interest, while Yes Bank and Kotak offer 6 percent. coque iphone RBL Bank offers 7.1 percent interest, but only for accounts with a balance of above Rs. coque iphone 10 lakh. Aside from coque iphone cocktail the retail store, if you have a smartphone, you will be able to access coque iphone xr l om your account through the Airtel Money app. You will be able to check your balance, or transfer money. coque iphone xr bigben This can also be done by sending short messages via SMS if you have a basic feature phone. The payment bank accounts have a balance limit of Rs. 1 coque iphone 4 personnalisable clapet lakh the same as a mobile wallet after KYC. One big difference from wallets is that the payments bank can pay interest, and can choose to offer ATM and debit cards.