Airtel Payments Bank launches ‘Bharosa’ savings account

Airtel Payments Bank launched “Bharosa savings account” services, designed for deepening the financial inclusion in the country. This service enables customers to withdraw cash, check their balance or access a mini statement of their account at over 6,50,000 Aadhaar-enabled payment system (AePS) enabled outlets across India.

Bharosa savings account would offer Rs 5 lakh personal accident insurance on maintaining the 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.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • MD & CEO of Airtel Payments Bank: Anubrata Biswas.
  • Headquarters of Airtel Payments Bank: New Delhi.

Source: The Livemint

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