Airtel Payments Bank here on
Tuesday launched "Bharosa" savings account services, designed for
deepening the financial inclusion in the country.
convenient banking services, Bharosa savings account would offers Rs 5
lakh personal accident insurance on maintaining balance of Rs 500 along
with one debit transaction per month.
Customers would also be
eligible for cashback, if they decided to receive government subsidies
in their Bharosa account or if they made cash deposits in it, the
company said in a statement.
"The benefits of this product will
be further amplified through a structured roadway for phased
introduction of other features linked to formal banking. To begin with,
it will be available at over a quarter million banking points. Bharosa
aavings account customers can also withdraw cash, check their balance or
access a mini statement of their account at over 6,50,000 AePS
(Aadhaar-enabled payment system) enabled outlets across India," it said.
Payments Bank offers digital banking services through a network of
5,00,000 neighbourhood banking points spread across the the country.