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Airtel’s Payment Bank Pilot Goes Live In Rajasthan Ahead Of Pan India Launch
India telecom (INDRANIL MUKHERJEE/AFP/Getty Images)
Aimed at testing systems and processes ahead of a full-scale pan-India launch, Airtel Payments Bank has rolled out a pilot of its banking services in Rajasthan, a company statement said on Wednesday. Airtel Payments Bank is a subsidiary of Bharti Airtel.
According to FactorDaily, customer’s Airtel mobile number will be the bank account number. An interest rate of 7.25 per cent per annum on deposits in savings accounts will be applicable.
"Customers in towns and villages across Rajasthan will now be able to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of basic, convenient banking services. Airtel Bank will commence the pilot with banking points at 10,000 Airtel retail outlets," the statement added.
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