Current Affairs   »   Airtel Payments Bank launches Digigold

Airtel Payments Bank launches Digigold

Airtel Payments Bank launches Digigold_50.1

Airtel Payments Bank has launched “DigiGold”, a digital platform for customers to make investments in gold. This has been rolled out in partnership with SafeGold, a provider of digital gold. With DigiGold, Airtel Payments Bank’s saving account customers can invest in 24K gold using the Airtel Thanks app. Customers can also gift DigiGold to their family and friends, who have a savings account with Airtel Payments Bank.

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The gold purchased by customers is stored securely by SafeGold at no additional cost and can be sold through the Airtel Thanks app at any time in a matter of few clicks. There is no minimum investment value requirement and customers can start with as low as one rupee. Airtel Payments Bank recently increased its savings deposit limit to ₹2 lakh in line with RBI guidelines. It now offers an increased interest rate of 6% on deposits between ₹1-2 lakh.

Important takeaways for all competitive exams:

  • Airtel Payments Bank’s MD and CEO: Nubrata Biswas.
  • Airtel Payments Bank Headquarters: New Delhi.
  • Airtel Payments Bank Founded: January 2017.

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