Airtel Payments Bank Savings Account Interest Rate
Opening a savings account with Airtel Payments Bank is a fully digital process via a KYC video process from the Airtel Thanks app and you will get over 5 Lac bank points to manage your accounts, coverage for Rs. 1 Lac personal accident insurance, no minimum balance requirement, free virtual debit card and a plethora of services including a facility for depositing / withdrawing cash at over 1 Lac ATMs around the country, a money transfer service, mobile / DTH top-ups, utility bill payments, online / offline shopping, and a host of facilities.
In addition to the aforementioned benefits, Airtel Payments Bank offers an annual interest rate of 2.5% for end-of-day balances up to 1 lakh and 6% for balances over 1 lakh and up to 2 lakhs. Clients can get significantly better returns if we compare these interest rates to the interest rates on State Bank of India (SBI) savings accounts.
The SBI now grants an interest rate of 2.70% on deposit accounts with balances up to Rs. 1 lakh and an interest rate of 2.75% on deposits with balances above Rs. . 1 lakh. Apart from these rates, SBI currently offers a fixed deposit interest rate of 5.40%, which implies that customers who set up a savings account with Airtel Payments Bank will receive higher interest rates on their deposits as customers who open a savings account or a fixed deposit account. with SBI. As of May 1, 2021, Airtel Payments Bank offers the interest rates below on savings accounts.
Rs 1-2 lakhs |
6% per year |
Up to Rs 1 lakh |
2.5% per year |
Source: airtel.in |
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Airtel Payments Bank Savings Account Service Fee
The service charges for Airtel Payments savings bank accounts are shown below.
Service |
Fee / Fee (Rs) |
Account opening |
Rs. 50 |
Cash deposit / Loading cash (Internet banking, mobile application) |
To free |
Cash deposit / Load cash (Bank points) |
For amounts Rs.0 – Rs.25,000: Free. Rs.25,000 – Rs.50,000: 0.5% of the deposit amount. Above Rs.50,000: 0.75% of the deposit amount |
Cash withdrawal |
Rs.0 – Rs.10,000 (cumulative transactions per month): Free. Over 10,000 rupees: 0.65% of the withdrawal amount |
Cardless cash withdrawal via IMT (app only) |
Self-withdraw and send money to others: free |
Cash withdrawal via AEPS |
2 transactions / day (max), 10 transactions / month or Rs 50,000 cash withdrawals per month (depending on the minimum), Rs. 10,000 per transaction (Max) |
Payment for IRCTC train reservation (via Airtel Thanks app) |
1.8% of the ticket price (excluding GST) |
Funds transfer |
Charges |
Within Airtel Payments Bank (Internet banking services, mobile application and USSD) |
To free |
From Airtel Payments Bank to another bank (internet banking, mobile app and USSD) -IMPS |
1% of the transferred amount |
From Airtel Payments Bank to another bank (Internet banking, Mobile App & USSD) – NEFT |
To free |
Source: airtel.in |
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Airtel Payments Bank savings account withdrawal and deposit limit
The description |
Limits |
Minimum cash deposit amount |
ten |
Minimum cash withdrawal amount |
ten |
Minimum amount for the transfer of funds (mobile application) |
ten |
Maximum cash withdrawal per transaction |
25,000 |
Maximum savings account balance |
2,00,000 (* terms and conditions apply) |
Maximum money can be added using the same debit card per transaction |
25,000 |
Maximum number of transactions authorized per month |
10,000 |
For customers whose cumulative charge over the last 60 days is greater than INR 50,000 |
2,000 per transaction with Net Banking or debit card |
Money transfer to Airtel Payments bank account / other account (per day) |
15 |
Online transactions with MasterCard (per day) |
15 |
Maximum amount that can be added by non-PAN SBA air conditioning holders (per month) |
10,000 |
Maximum amount that can be sent by SBA A / c holders without adding a beneficiary (per month) |
10,000 |
Source: airtel.in |
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Airtel Payments Bank, Instant Money Transfer / Cardless Cash Withdrawal Limit
The description |
Limits |
|
|
Limit per transaction |
Monthly limit (per shipper) |
LMI Self Withdrawal App |
10,000 |
75000 |
IMT app send money to others |
10,000 |
75000 |
Limits on the receiver side: Self: Rs 1,000,000, Others: Rs 25,000 |
|
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Source: airtel.in |
|
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Airtel Payments bank national remittance fee (app and portal)
From (Rs) |
To (Rs) |
Fee (Rs) |
0 |
1 |
0 |
2 |
9 |
1 |
ten |
100 |
1 |
101 |
1000 |
ten |
1001 |
1,100 |
11 |
1,101 |
1,200 |
12 |
1,201 |
1,300 |
13 |
1,301 |
1,400 |
14 |
1,401 |
1,500 |
15 |
1,501 |
1,600 |
16 |
1,601 |
1700 |
17 |
1701 |
1,800 |
18 |
1,801 |
1900 |
19 |
1,901 |
2,000 |
20 |
2,001 |
2,100 |
21 |
2 101 |
2,200 |
22 |
2 201 |
2,300 |
23 |
2 301 |
2,400 |
24 |
24.01 |
2500 |
25 |
2 501 |
2,600 |
26 |
2 601 |
2,700 |
27 |
2 701 |
2,800 |
28 |
2 801 |
2,900 |
29 |
2,901 |
3000 |
30 |
3,001 |
3,100 |
31 |
3 101 |
3,200 |
32 |
3,201 |
3,300 |
33 |
3 301 |
3,400 |
34 |
3,401 |
3,500 |
35 |
3 501 |
3,600 |
36 |
3,601 |
3,700 |
37 |
3,701 |
3,800 |
38 |
3,801 |
3,900 |
39 |
3,901 |
4000 |
40 |
4,001 |
4,100 |
41 |
4,101 |
4,200 |
42 |
4,201 |
4,300 |
43 |
4,301 |
4,400 |
44 |
4,401 |
4,500 |
45 |
4,501 |
4,600 |
46 |
4,601 |
4,700 |
47 |
4,701 |
4,800 |
48 |
4,801 |
4,900 |
49 |
4,901 |
5,000 |
50 |
5,001 |
5,100 |
51 |
5.101 |
5,200 |
52 |
5 201 |
5,300 |
53 |
5,301 |
5,400 |
54 |
5 401 |
5,500 |
55 |
5,501 |
5,600 |
56 |
5,601 |
5,700 |
57 |
5,701 |
5,800 |
58 |
5,801 |
5,900 |
59 |
5,901 |
6000 |
60 |
6,001 |
6,100 |
61 |
6 101 |
6,200 |
62 |
6 201 |
6,300 |
63 |
6,301 |
6,400 |
64 |
6,401 |
6500 |
65 |
6,501 |
6,600 |
66 |
6,601 |
6,700 |
67 |
6,701 |
6,800 |
68 |
6,801 |
6,900 |
69 |
6,901 |
7,000 |
70 |
7,001 |
7,100 |
71 |
7 101 |
7,200 |
72 |
7 201 |
7,300 |
73 |
7,301 |
7,400 |
74 |
7,401 |
7,500 |
75 |
7,501 |
7600 |
76 |
7,601 |
7,700 |
77 |
7,701 |
7,800 |
78 |
7,801 |
7,900 |
79 |
7,901 |
8,000 |
80 |
8,001 |
8,100 |
81 |
8 101 |
8,200 |
82 |
8 201 |
8,300 |
83 |
8.301 |
8,400 |
84 |
8,401 |
8,500 |
85 |
8,501 |
8,600 |
86 |
8,601 |
8,700 |
87 |
8,701 |
8,800 |
88 |
8,801 |
8,900 |
89 |
8,901 |
9,000 |
90 |
9,001 |
9,100 |
91 |
9,101 |
9,200 |
92 |
9 201 |
9,300 |
93 |
9,301 |
9,400 |
94 |
9,401 |
9,500 |
95 |
9,501 |
9,600 |
96 |
9,601 |
9,700 |
97 |
9,701 |
9,800 |
98 |
9,801 |
9,900 |
99 |
9,901 |
10,000 |
100 |
10,001 |
10,100 |
101 |
10 101 |
10,200 |
102 |
10 201 |
10,300 |
103 |
10,301 |
10,400 |
104 |
10,401 |
10,500 |
105 |
10,501 |
10,600 |
106 |
10,601 |
10,700 |
107 |
10,701 |
10,800 |
108 |
10,801 |
10,900 |
109 |
10,901 |
11,900 |
110 |
11,001 |
11,100 |
111 |
11.101 |
11,200 |
112 |
11 201 |
11,300 |
113 |
11,301 |
11,400 |
114 |
11,401 |
11,500 |
115 |
11,501 |
11,600 |
116 |
11,601 |
11,700 |
117 |
11,701 |
11,800 |
118 |
11,801 |
11,900 |
119 |
11,901 |
12,000 |
120 |
12,001 |
12,100 |
121 |
12 101 |
12,200 |
122 |
12 201 |
12,300 |
123 |
12.301 |
12,400 |
124 |
12,401 |
12,500 |
125 |
12,501 |
12,600 |
126 |
12,601 |
12,700 |
127 |
12,701 |
12,800 |
128 |
12,801 |
12,900 |
129 |
12,901 |
13,000 |
130 |
13,001 |
13,100 |
131 |
13 101 |
13,200 |
132 |
13 201 |
13,300 |
133 |
13.301 |
13,400 |
134 |
13,401 |
13,500 |
135 |
13,501 |
13,600 |
136 |
13,601 |
13,700 |
137 |
13,701 |
13,800 |
138 |
13,801 |
13,900 |
139 |
13,901 |
14,000 |
140 |
14,001 |
14,100 |
141 |
14 101 |
14,200 |
142 |
14 201 |
14,300 |
143 |
14.301 |
14,400 |
144 |
14,401 |
14,500 |
145 |
14,501 |
14,600 |
146 |
14,601 |
14,700 |
147 |
14,701 |
14,800 |
148 |
14,801 |
14,900 |
149 |
14,901 |
15,000 |
150 |
15,001 |
15,100 |
151 |
15 101 |
15,200 |
152 |
15 201 |
15,300 |
153 |
15,301 |
15,400 |
154 |
15,401 |
15,500 |
155 |
15,501 |
15,600 |
156 |
15,601 |
15,700 |
157 |
15,701 |
15,800 |
158 |
15,801 |
15,900 |
159 |
15,901 |
16,000 |
160 |
16,001 |
16,100 |
161 |
16 101 |
16,200 |
162 |
16 201 |
16,300 |
163 |
16,301 |
16,400 |
164 |
16,401 |
16,500 |
165 |
16,501 |
16,600 |
166 |
16,601 |
16,700 |
167 |
16,701 |
16,800 |
168 |
16,801 |
16,900 |
169 |
16,901 |
17,000 |
170 |
17,001 |
17,100 |
171 |
17 101 |
17,200 |
172 |
17 201 |
17,300 |
173 |
17,301 |
17,400 |
174 |
17,401 |
17,500 |
175 |
17,501 |
17,600 |
176 |
17,601 |
17,700 |
177 |
17,701 |
17,800 |
178 |
17,801 |
17,900 |
179 |
17,901 |
18,000 |
180 |
18,001 |
18,100 |
181 |
18 101 |
18,200 |
182 |
18 201 |
18,300 |
183 |
18,301 |
18,400 |
184 |
18,401 |
18,500 |
185 |
18,501 |
18,600 |
186 |
18,601 |
18,700 |
187 |
18,701 |
18,800 |
188 |
18,801 |
18,900 |
189 |
18,901 |
19,000 |
190 |
19,001 |
19,100 |
191 |
19,101 |
19,200 |
192 |
19 201 |
19,300 |
193 |
19,301 |
19,400 |
194 |
19,401 |
19,500 |
195 |
19,501 |
19,600 |
196 |
19,601 |
19,700 |
197 |
19,701 |
19,800 |
198 |
19,801 |
19,900 |
199 |
19,901 |
20,000 |
200 |
20,001 |
20,100 |
201 |
20 101 |
20,200 |
202 |
20 201 |
20,300 |
203 |
20,301 |
20,400 |
204 |
20,401 |
20,500 |
205 |
20,501 |
20,600 |
206 |
20,601 |
20,700 |
207 |
20,701 |
20,800 |
208 |
20,801 |
20,900 |
209 |
20,901 |
21,000 |
210 |
21,001 |
21,100 |
211 |
21,101 |
21,200 |
212 |
21 201 |
21,300 |
213 |
21,301 |
21,400 |
214 |
21,401 |
21,500 |
215 |
21,501 |
21,600 |
216 |
21,601 |
21,700 |
217 |
21,701 |
21,800 |
218 |
21,801 |
21,900 |
219 |
21,901 |
22,000 |
220 |
22,001 |
22,100 |
221 |
22 101 |
22,200 |
222 |
22 201 |
22,300 |
223 |
22,301 |
22,400 |
224 |
22,401 |
22,500 |
225 |
22,501 |
22,600 |
226 |
22,601 |
22,700 |
227 |
22,701 |
22,800 |
228 |
22,801 |
22,900 |
229 |
22,901 |
23,000 |
230 |
23,001 |
23,100 |
231 |
23 101 |
23,200 |
232 |
23 201 |
23,300 |
233 |
23,301 |
23,400 |
234 |
23,401 |
23,500 |
235 |
23,501 |
23,600 |
236 |
23,601 |
23,700 |
237 |
23,701 |
23,800 |
238 |
23,801 |
23,900 |
239 |
23,901 |
24,000 |
240 |
24,001 |
24,100 |
241 |
24 101 |
24,200 |
242 |
24 201 |
24,300 |
243 |
24,301 |
24,400 |
244 |
24,401 |
24,500 |
245 |
24,501 |
24,600 |
246 |
24,601 |
24,700 |
247 |
24,701 |
24,800 |
248 |
24,801 |
24,900 |
249 |
24,901 |
25,000 |
250 |
The maximum amount per sender is Rs 25,000 per month, Source: airtel.in |
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Airtel Payments Bank IMPS Fee
Airtel Payments banking service fees have been imposed on all outbound IMPS transactions through the B2B portal from March 18, 2021.
IMPS panel |
Charges |
Up to Rs 25000 |
Rs 2.5 + GST |
Above Rs 25,000 up to Rs 200,000 |
Rs 8 + GST |
Source: airtel.in |
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