How to open Airtel Payment Bank Account: And What are its Benefits?

Would you like to open an account with Airtel Payment Bank for savings? If so, this post will be very helpful to you in opening the account. In this article, the Airtel Payment Bank opening process is described. What advantages come with opening an account? What is the youngest age limit for opening an account with Airtel Payment Bank? What are the needed documents? I went into great detail about each of these topics.

Due to the significance of bank accounts in our lives, problems may arise if we don’t have a solid understanding of them. Learn about the advantages and procedure of opening an Airtel account to receive Rs. 960 in cashback.

As a result, before opening an account at any bank, whether it be through an online process or an offline process, carefully read all the information about them. Today I’ll explain to you how to open a savings account for nothing at all in just a few minutes from the comfort of your home.

You can open a trustworthy account on your phone and deposit your money without having to go to the bank branch. So let’s gradually learn more about them. To get all the details, keep reading:

What is the Airtel Payment Bank?

How to open Airtel Payment Bank Account: And What are its Benefits

An example of a digital payment bank is the Airtel Payment Bank. It functions online the same as any other bank. Only those with an Airtel SIM card are eligible to use this Airtel Payment Bank. That is, it is only accessible to Airtel customers. This bank offers the Pay To Contact service, which allows you to send money to anyone using only the contact information on your contact list. For this, you don’t need a bank account number.

The Airtel Payment Bank can be opened from the comfort of your home. It is very simple to open, and even then, I will provide you with detailed instructions on how to do so. Airtel Payment Bank offers 100 percent security when used.

Through Airtel Payments Bank, you can still pay someone, recharge your phone, check your balance, and pay bills even if you don’t have access to the internet. But none of these amenities exist at other banks.

Some important information about the Airtel Payment Bank

Let me tell you that Airtel Payment Bank offers excellent service, and customers or account holders never encounter any issues. Their key details are as follows:

  • In your village or the nearby areas, it’s easy to find retailers offering Airtel services.
  • Contact your nearby Airtel retailer if you are having any difficulties opening a bank account.
  • Through Aadhaar and a fingerprint, you can open an account.
  • Additionally, video KYC can be used to open an account.
  • You can access the account using the Airtel Money app if you have a smartphone.

Benefits of opening an Airtel Payment Bank

If you haven’t already, open an account with Airtel Payment Bank right away. There are lots of advantages to doing so, including the following:

  1. At home, you can open a free account with Airtel Bank.
  2. You receive 6% yearly interest on this account.
  3. You can send money to someone securely.
  4. Benefits up to Rs. 960 per year, plus additional discounts on shopping, bill payment, and recharge.
  5. There are flexible account limits available.
  6. It is simple to transfer money and recharge while offline.
  7. You can instantly check your bank balance.
  8. Both online and offline customer support is available around the clock.
  9. When you open an Airtel Payments account, you receive Rs. 960 in cashback each year.
  10. Get a minimum of Rs. 10 in cashback each month.
  11. On purchases made from an Airtel Payment Bank account worth Rs 1000, you receive Rs 40 in cashback.

What are the documents required to open an Airtel Payment Bank?

The most crucial requirement for opening an account in any bank is documentation; if you lack the necessary paperwork, you are unable to open an account. The document identifies you by name and specifies the nation of which you are a citizen. To open an account at Airtel Payments Bank, you must also provide documentation. But the need for documents in this field is not very great.

Your account is opened with the following few documents:

  • Aadhar card 
  • PAN card 

If these two conditions are met, opening your account will be simple. However, keep in mind that you must register your mobile number on your Aadhaar card.

What is the age limit for opening an account at Airtel Bank?

To open an account at Airtel Bank, you must be at least 18 years old. The Airtel Payment Bank cannot be opened until that time. Your account cannot be opened if you are under the age of 18. Only 18 years of age are necessary if you work online.

Your bank account balance could be fraudulently obtained because a person under the age of 18 does not have a fully developed mind to access his bank account properly.

In consideration of this, the Indian Airtel company asks for your age of 18 as well as the age of a person under 18 who has time to study.

How to fix a dormant Airtel account or wallet

Has your Airtel wallet or account become inactive? If so, follow my instructions below to do it correctly. Please let us know why the account became dormant before we fix it.

Your account or wallet becomes dormant if you don’t process any transactions in your Airtel Wallet for an extended period of time. You receive a message from the Airtel company prior to the account going dormant saying, “You have not used your wallet for many days; please use it,” but we ignore that message. which will cause us later suffering. Let’s learn how to revive a dormant account, then.

  • First, launch the Airtel app.
  • You must now visit the banking section.
  • Click on Recharge after going to the banking section.
  • The messages “Kyc Status Pending” and “Ok on Complete KYC” will now be displayed to you. And finish your KYC.

The same procedure that is used to open an account at Airtel Payment Bank must be followed in order to complete KYC. Open the account, then.

How do I open an account at Airtel Payment Bank? (Full KYC)

Follow our instructions to open an account at Airtel Payment Bank.

Step-1

  • Install the My Airtel App first from the Google Play Store. Follow Step 2 if you have already downloaded.
  • Open the Airtel app now and sign in using your Airtel phone number.

Step-2 

  • Your Airtel app will launch after you sign in.
  • Now tap or click OK on the banking section below.
  • After selecting Banking, select Recharge, as seen in the picture.

Step-3 A new page with the text “KYC Status Pending” will open as soon as you click “Recharge.”  To finish KYC, click Complete KYC or view the illustration.

Step-4

Now OK Start now and finish the subsequent step. You will now see a new page open where you must complete document submission by entering your PAN and Aadhaar cards. After accurately entering your PAN and Aadhaar cards, check the box and click the Next button to continue reading.

Step-5 

  • On the following page, enter all of your personal information.
  • Now enter the information for your nominee, or omit it altogether. Delete button for later
  • You must now prepare for the KYC video after filling out all the necessary information.
  • Okay, set a time for the video KYC.

Step-6

The Airtel Payment Bank representative will be reached during the final step of the video call. Have your PAN card and Aadhaar card on hand. You will be required to present your PAN card and Aadhaar card during the video KYC. Give them proof and finish your KYC.

Read also: Airtel Balance Check Number And Code

How do I add money to the Airtel Payment Bank?Add Money to Your Airtel Savings Account

You can use your debit card, ATM card, UPI, and bank account to add money to your Airtel Payment Bank or Wallet. To do this, first open the Airtel app. Then, simply navigate to the banking section and select Add Money from the top sidebar to quickly add money using your bank account or ATM card.

How much commission is available in the Airtel Payment Bank?

If you open someone else’s account at Airtel Payments Bank, you will receive a commission of 20–30%.

How do I get an Airtel Payment Bank ATM card?

You can apply for an Airtel Payment Bank ATM card by visiting the ATM section of your Airtel Payment Bank or by dialing *4002# from your registered mobile number.

What is the interest rate available in the Airtel Payment Bank?

In the Airtel Payment Bank, you get an interest rate of 2.50%.

What are the customer numbers of Airtel Payment Bank?

Airtel Payment Bank customer care number is 400, and for non-operators, 8800688006.

Where can a customer open an Airtel Payments Bank account?

Customers can visit the nearest Airtel service center to open an Airtel Payments Bank account.