If you use Airtel payment bank, then there is good news for you because now you can make transactions up to one or two lakh rupees from it. Airtel Payment Bank has announced on Sunday that it has become the first payment bank in the country, which has given a limit of two lakh rupees a day. This announcement has been made by the company as per the guidelines of the Reserve Bank of India (RBI) and has increased the balance limit of one day from 1 lakh to 2 lakh rupees.
Anubrata Biswas, MD and CEO of Airtel Payments Bank, said, “RBI’s decision to increase the balance limit is a decision to help Payments Banks advance financial and digital inclusion in India.”
Biswas said, “At Airtel Payments Bank, we have always believed that the highest balance limit payments will increase consumer usage of banks, as well as enable large sections of informal India, such as small traders, to have easy access to formal banking.”
Bank deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of RBI.
More than 5.5 million users of Airtel Payments Bank
Airtel Payments Bank has 55,00,000 users and serves them through technology and a retail-based distribution network. Airtel Bank has built its strong network with 5,00,000 neighboring banking points, which is more than all bank branches and ATMs in India.
Let us know that you can use Airtel Payment Bank on both your phone and laptop. For this, you have to login with your number and then you can do the transaction after getting the verification done. Through this transaction, you can get many benefits.