Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Personal Finance News

11,588.35-73.5
Stock Analysis, IPO, Mutual Funds, Bonds & More

Airtel Payments Bank launches 'Bharosa' savings account

Along with convenient banking services, Bharosa savings account would offer Rs 5 lakh personal accident insurance on maintaining balance of Rs 500 along with one debit transaction per month.

IANS|
Sep 17, 2019, 08.33 PM IST
0Comments
BCCL
Airtel-BCCL
NEW DELHI: Airtel Payments Bank here on Tuesday launched "Bharosa" savings account services, designed for deepening the financial inclusion in the country.

Along with convenient banking services, Bharosa savings account would offer Rs 5 lakh personal accident insurance on maintaining balance of Rs 500 along with one debit transaction per month.

Customers would also be eligible for cashback, if they decided to receive government subsidies in their Bharosa account or if they made cash deposits in it, the company said in a statement.

"The benefits of this product will be further amplified through a structured roadway for phased introduction of other features linked to formal banking. To begin with, it will be available at over a quarter million banking points. Bharosa aavings account customers can also withdraw cash, check their balance or access a mini statement of their account at over 6,50,000 AePS (Aadhaar-enabled payment system) enabled outlets across India," it said.

Airtel Payments Bank offers digital banking services through a network of 5,00,000 neighbourhood banking points spread across the the country.

Also Read

Airtel Payments Bank launches 'Bharosa' savings account

India Post launches mobile banking facility for savings accounts

State Bank of India cuts interest rates on savings accounts, fixed deposits

Bank depositors oppose repo as benchmark for savings accounts

SBI to keep savings account interest rate unchanged; cuts FD rates again

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service