6 per cent interest on deposits of over Rs 1 lakh: Airtel Payments Bank

Airtel Payments Bank on Monday announced that customers with savings account deposits of over Rs 1 lakh will get an increased interest rate of 6 per cent per annum.

Published: 04th May 2021 08:32 AM  |   Last Updated: 04th May 2021 08:32 AM   |  A+A A-

Airtel Payments Bank

Airtel Payments Bank

By Express News Service

CHENNAI:  Airtel Payments Bank on Monday announced that customers with savings account deposits of over Rs 1 lakh will get an increased interest rate of 6 per cent per annum.

The payments bank's offer comes after the RBI implemented guidelines for an enhanced day-end savings limit of Rs 2 lakh for payments banks. 

Airtel Payments Bank currently has over 5.5 crore engaged users across its operations, its statement said, adding that the interest rate for accounts with less than Rs 1 lakh deposit will be at 2.5 per cent per annum. 

Now we are on Telegram too. Follow us for updates
TAGS
Airtel Payments Bank RBI
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Videos
Gallery