Airtel Payments Bank (6% interest on deposits over 1 lakh)

[Sushubh]

airtel is also making news today for this.

Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' - The Economic Times

 

[mhsabir]

Looks like they are up now. Not sure when they did come up though.

 

[webie]

yup, and I had high hopes that with this upgrade, they will make UPI live on iOS, Nope! still coming soon.

 

[Sushubh]

Airtel UPI doesn't work through Tez?

 

[mhsabir]

Works fine? I was able to send to an @Airtel UPI-ID via Tez now.

 

[raj2007]

It was up yesterday around 11.30 pm but some UPI issues are still there. APB balance check not working in Axis app.
Can't add money through website.

 

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[raj2007]

Source

 

[webie]

lol, I am sure now 811 and digibank are gonna come down too. Shows how much airtel is worth. Took them hardly a year to pull those interest rates down.

 

[Sushubh]

Kotak 811 : Hidden Charges They Won't Tell You About : india

based on this... dbs seems to be the only decent option out there.

 

[Navjot Singh]

DBS is not a payments bank. Also it doesn't have to deal with KYC issues. Let's hope it doesn't change its interest rate either.

 

[Smh]

digibank support is really poor

but there are no surprise charges, just connect it with upi and you don't have to use their app

 

[ijsa]

their rate of interest is weird...


Domestic Savings Account
Daily Balance Rate of Interest
Daily Balance up to Rs. 1 Lac 6%*
Daily Balance of above Rs. 1 Lac and upto 2 lacs 7%**
Daily Balance of above Rs. 2 lacs and upto 5 lacs 5%**
Daily Balance of above Rs. 5 lacs 4%**

*Balances upto 1 lac will get 6% interest rates
**Any balances over and above 1 lac & upto 2 lacs will get 7% on the incremental amount, 2 lacs & upto 5 lacs will get 5% on the incremental amount & 4% on the remaining balances.

 

[Navjot Singh]

RBI slaps rupees five crore penalty on Airtel Payments Bank

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms. The fine was imposed after RBI scrutinised the bank’s documents relating to opening of accounts without any specific or clear consent from the customers.

 

[igloo]

their rate of interest is weird...


Domestic Savings Account
Daily Balance Rate of Interest
Daily Balance up to Rs. 1 Lac 6%*
Daily Balance of above Rs. 1 Lac and upto 2 lacs 7%**
Daily Balance of above Rs. 2 lacs and upto 5 lacs 5%**
Daily Balance of above Rs. 5 lacs 4%**

*Balances upto 1 lac will get 6% interest rates
**Any balances over and above 1 lac & upto 2 lacs will get 7% on the incremental amount, 2 lacs & upto 5 lacs will get 5% on the incremental amount & 4% on the remaining balances.

DBS changed rate recently. previously it was
uptil 1 lac - 7%
above 1 lac til 10lac - 6%

 

[Sushubh]

Hello! Effective 1st September 2018, interest rate on Savings bank a/c has been revised to 4% p.a. For queries, call 400 (Airtel)/ 8800688006 (non-Airtel)