Airtel has launched a new program called Airtel Payments Bank. It is another bank from Airtel like any other bank but what differentiates this bank is you earn 7.25% interest on your bank account, and your mobile number becomes your bank account number.
Below are the benefits of Airtel Payments Bank Account:
- Open account in less than 3 minutes with a simple fingerprint scan which is paperless
- Your mobile number is also your account number
- Earn 7.25% interest on your bank account
- Free personal accident insurance cover of Rs.1 Lac
- Withdraw cash at any of banking points
- Send money to your family and friends with ease
- Shop, Recharge and Pay Bills with your Online Debit Card
Opening your Airtel Payments Bank Account is very easy and it can be done online by following few simple steps in few minutes. So below we have explained the process on How to Open Airtel Payments Bank Account Online.
How to Open Airtel Payments Bank Account Online
- To Open Airtel Payments Bank Account from your web browser visit //www.airtel.in/netbanking/bank.
- Once you are there on Airtel Payments Bank Net banking page, to register a account just click on register.
- Enter your mobile number, then set a password and click on register button.
- Next you will received a One Time Password (OTP) on your mobile number, just enter the OTP received on your phone in Enter OTP field and click on submit button.
- On the next page you will be prompted to set your customer security question, select any question from the list and answer it. This will be useful when you want to recover your account when you forget your password, When the question is asked you will be able to proceed ahead only if your answer it correctly and anyone else will not be able to access your account. Once you set answer just click on submit button.
- Next you will have to set mPIN to access your net banking account, so set the mPIN and proceed further.
- Once you set and enter mPIN you will get navigated to homepage of your Payments Bank Wallet Account, so now to upgrade or to apply for Airtel Payments Bank Savings Account just click on upgrade to savings account.
- Next you will be asked to fill the form with your details to upgrade your account to Airtel Payments Account like your Aadhaar Number, Fathers Name, PAN Card, Occupation, Annual Income, Nominee First Name, Nominee Middle Name, Nominee Last Name, Relationship, and click on proceed button.
- Next a message will be displayed Congratulations! You moved one step closer to earn 7.25% interest on your deposits. Please visit your nearest Banking Point and quote your mobile number to open your Savings Account.
- So you will have to click on Banking Points Near you and find out nearest Banking Points. Visit the nearest banking point of Airtel Payments Bank and complete the biometric verification where your fingerprints will be captured and if it matches with data present in Aadhaar Card your authentication will get successful and your account will get upgraded to Airtel Payments Savings Account.
This is how easily you can Open Airtel Payments Bank Account Online.
How to Open Airtel Payments Bank Account via App
- Download and Install My Airtel App on your smartphone and signup an account with your mobile number.
- Once you are done setting up your account from home screen of the app just tap on Payments Bank, to access Payments Bank you will be asked to enter 4-digit mPIN. Just enter the mPIN and tap on OK button.
- Once you are on Payments Bank page, just tap on Upgrade to Savings Account Now banner or view profile.
- You will get navigated to your profile, under your name you will find Apply for Savings Account. Just tap on Apply for Savings Account.
- Next you will be navigated to process for Opening Bank Account where in first step you will have to enter your 12 digit Aadhaar Number and tap on proceed button.
- Next you will have to mention your occupation from the list, Annual Income, and your PAN Number, if you don’t have PAN Number just tap on I don’t have PAN Number and tap on proceed button.
- On next page you will have to fill your nominee details which are required to avail benefits of group personal accident insurance policy. Just enter these details and tap on proceed button.
- Next a message will be displayed Congratulations! You moved one step closer to earn 7.25% interest on your deposits. Please visit your nearest Banking Point and quote your mobile number to open your Savings Account.
- That’s it the last step will be you will have to visit nearest banking point of Airtel Payments Bank and quote your mobile number and complete the biometric verification to open your Savings Account.
This is how you can easily open Airtel Payments Bank Account via App.
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