Tag: Anubrata Biswas

Business World

Airtel Payments Bank announces 6% p.a. interest on deposits over Rs. 1 lakh

May 3, 2021 by Neel Achary 0 Comments #Airtel Payments Bank, #and CEO, #Anubrata Biswas, #MD

Hyderabad, May 3, 2021: Airtel Payments Bank today said that its customers will get an increased interest rate of 6% p.a. on savings account deposits of over Rs. 1 lakh.

This follows Airtel Payments Bank becoming the first payments bank to implement the enhanced day-end savings limit of Rs 2 lakh as per the Reserve Bank of India (RBI) guidelines.

Anubrata Biswas, MD, and CEO, Airtel Payments Bank, said, “RBI’s increased savings deposit ceiling is a major milestone for payments banks as this was a key ask from customers. With an attractive 6% p.a. rate of interest on deposit sums in excess of one lakh, we are making our banking proposition even more rewarding. Our unmatched footprint of 500,000 banking points and a global first secure and simple experience delivered digitally, Airtel Payments Bank offers a market-leading proposition for both the urban digital and the rural underbanked customer.”

Airtel Payments Bank Savings Account Interest Rates from May 1, 2021

Rs 1-2 lakhs 6% p.a.
Upto Rs 1 lakh 2.5% p.a.

The new interest rate regime is an important addition to the Bank’s suite of simple, secure, and rewarding solutions. Customers can now open an Airtel Payments Bank account within few minutes with a video call from the Airtel Thanks app. The bank offers a digital savings account – Rewards123, which gives more value to customers when they transact digitally using the account. Furthermore, customers who have an Airtel number linked to their savings account can also enable Airtel Safe Pay – India’s safest mode for making digital payments.

Airtel Payments Bank has over 55 million engaged users across its operations.

Business World, News

Airtel Payments Bank becomes the first payments bank to enable Rupees Two lakhs day-end account balance limit

Apr 20, 2021 by Rekha Nair 0 Comments #Airtel Payments Bank, #Anubrata Biswas, #MD and CEO

In-line with the Reserve Bank of India’s guidelines, Airtel Payments Bank has become the first payments bank in the country to enable Rs. 2 lakhs day-end balance account limit. Customers having an account with Airtel Payments Bank will be able to save more with this increased limit.

The Bank deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a wholly owned subsidiary of the RBI.

Airtel Payments Bank has 55 million engaged users and serves them through technology and a retail-based distribution network. The Bank has built a strong network of over 500,000 neighborhood banking points, which is bigger than the total number of bank branches and ATMs in India. These neighborhood banking points take services closer to the customer and have even reached deep rural pockets that never had access to banking services.

Anubrata Biswas, MD and CEO, Airtel Payments Bank, said, “The RBI’s decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India. We are glad to enable this increased day-end balance limit for our customers. At Airtel Payments Bank, we have always believed that higher balance limits would enhance consumer usage of payments banks, as well as enable large sections of informal India, such as small merchants and traders, to access formal banking easily.”

Business World

Launch of ‘Airtel Safe Pay’ – India’s safest way to pay digitally

Jan 21, 2021 by Rekha Nair 0 Comments #Adarsh Nair, #Airtel Payments Bank, #Airtel Safe Pay, #Anubrata Biswas, #Bharti Airtel, #Chief Product Officer, #MD & CEO

Hyderabad: To protect Airtel customers from the growing incidents of online payment frauds, Airtel Payments Bank today launched ‘Airtel Safe Pay’ – India’s safest mode for making digital payments.

With ‘Airtel Safe Pay’, Airtel customers making UPI or Netbanking based payments through Airtel Payments Bank, no longer have to worry about money leaving their accounts without their explicit consent.

An India-First innovation, ‘Airtel Safe Pay’ leverages Airtel’s ‘telco exclusive’ strength of network intelligence to provide an additional layer of payment validation compared to the industry norm of two-factor authentication. This offers the highest level of protection from potential frauds such as phishing, stolen credentials or passwords, and even phone cloning that catches customers unaware.  For details https://www.airtel.in/bank/safe-pay

Anubrata Biswas, MD & CEO, Airtel Payments Bank says, “As digital payments become the norm, especially in the post-pandemic world, we also have to solve for the challenge of frauds that are growing rapidly. We are happy to leverage Airtel’s core telco strengths to bring to market this unique capability that ensures that our customers have full control over their transactions. This sets a new benchmark in the Indian digital payments space by making security paramount.”

Using ‘Airtel Safe Pay’, Airtel Payments Bank customers can make secure digital payments across millions of merchants, online retailers and utilities, and even send money. Customers can open an Airtel Payments Bank account within few minutes with just a video call from the Airtel Thanks app and enjoy a range of benefits while they make fully secure digital payments.

Says Adarsh Nair, Chief Product Officer, Bharti Airtel: “Airtel Safe Pay is yet another innovation where our secure network and world-class digital platforms combine to solve a unique market problem. At Airtel, we are taking the lead in offering the most secure digital payments platforms to our users and making sure that the customer is always in control without a worry about rogue transactions.”

Airtel Safe Pay’ is completely free of charge and can be activated through Airtel Thanks app home screen or from the banking section in few easy steps. Watch how ‘Airtel Safe Pay’ works – https://youtu.be/UhpfjBjFcvk.