Airtel Payments Bank Account: How to open Airtel Payments bank account online, eligibility, key features, and more

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 How to open Airtel Payments bank account online, eligibility, key features, and more

Airtel Payments Bank provides a seamless process to open a savings account, utilizing Aadhaar-based e-KYC authentication, thereby eliminating paperwork. To initiate the process, visit any authorized Airtel retail outlet with your Aadhaar number. The essentials for KYC include an active mobile number, an Aadhaar card, and a PAN card. In the absence of a PAN card, completion of Form 60 is necessary.

Once your Airtel Payments Bank savings account is set up, you gain access to a range of services, including cash deposit and withdrawal at over 5 Lac banking points nationwide, mobile and DTH recharges, utility bill payments, and online/offline shopping.

To initiate or manage your Airtel Payments Bank account, you can visit a nearby banking point or utilize the My Airtel App.

For account activation, you must possess an Aadhaar card and an active mobile number. Alternatively, you can opt for a non-Aadhaar-based account by visiting a bank branch and completing the account opening form, accessible on the bank's website. During the onboarding process, submission of your PAN card number is mandatory. In the absence of a PAN card, Form 60 must be provided.

Airtel Payments Bank Account Eligibility

Any Airtel subscriber possessing an Aadhaar card, PAN card, and a smartphone with internet access can avail themselves of an Airtel Payments Bank account. The account can be initiated within minutes through a paperless procedure employing Aadhaar-based electronic KYC.

Airtel Payments Bank Account Key Features

  • Easy accessibility to more than 500,000 banking points
  • Annual interest rate of 2.5%
  • Free personal accident insurance cover of Rs. 1 Lac
  • No minimum balance requirement
  • Virtual Debit Card

Airtel Payments Bank Account: Steps To Open Airtel Payments Bank Account

Step 1: Launch the Airtel Thanks app on your smartphone or access the website.
Step 2: Enter your mobile number.
Step 3: Choose a proof of identity from the provided options, such as PAN, Voter ID, Driving License, or Aadhaar Card.
Step 4: Input your PAN number, Voter ID, or Driving License number.
Step 5: Enter the OTP (One-Time Password), which is sent to your mobile number to make the confirmation.

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