Airtel Payments Bank (Interest rate down to 4%!)

IBF

Insane Member
Sep 21, 2016
118,500
25
 

webie

Regulars
Aug 21, 2015
317
52
what is this shit airtel payment bank is already pulling. Even to transfer funds < 1000 , to any different bank, they are charging money. like 5rs or something. i wish a paytm comes with their bank soon.
 

Sushubh

Administrator
Oct 29, 2004
413,823
12,769
Gurugram
i understood the need to charge for withdrawal at shops as they need to provide incentive to shopkeepers to deal with the headache. if they are charging for online transfers, then good luck to them. sadly, the issue is the name... payments bank. no matter what they claim, it is just a glorified digital wallet and not an alternative to a regular bank account.
 
Reactions: raj2007

mhsabir

Xclusive
Regulars
Oct 7, 2006
19,742
2,586
Chennai
Well, the idea seems to be to push people to use the amount digitally, otherwise most people will simply park the funds for the 7.25% rate & then pull out & use elsewhere.
 


Reactions: Sushubh

raj2007

Chennai
Regulars
Feb 27, 2009
2,464
125
Chennai
Is Virtual Debit card a default thing in Airtel Money?
I've got one in my airtel app without opening a/c in Airtel payment bank