Categories: Banking

Airtel Payments Bank launches ‘Suraksha salary account’ for MSMEs

Airtel Payments Bank has launched ‘Suraksha Salary Account’ for Micro, Small and Medium Enterprises (MSME). India’s MSME sector has over 60 million units and accounts for 29 per cent of India’s GDP. 

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About ‘Suraksha Salary Account’:

  • Through this innovative account construct, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees.
  • The account offers benefits such as Hospicash Insurance and personal accident insurance cover, keeping in mind the low penetration of insurance in India. The account has no minimum balance condition.
  • Account-holders will be able to make cash withdrawals at Airtel Payments Bank’s 500,000 banking points across India.
  • There are no charges on cash withdrawals of up to Rs 50,000 and deposits of up to Rs 20,000 in one month. Customers will also be able to make cash deposits and transfer money at these points.

Important takeaways for all competitive exams:

  • Airtel Payments Bank Headquarters: New Delhi.
  • Airtel Payments Bank MD and CEO: Anubrata Biswas.
  • Mastercard Headquarters: New York, U.S.
  • Mastercard President and CEO: Ajaypal Singh Banga

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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Sumit Arora
6 years ago

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