Airtel’s Payments Bank Starts Operation with Initial Investment of Rs. 3000 Crore


Airtel Payments Bank the first payments bank started its nationwide operations on January 12, 2017, with an initial investment of Rs 3,000 crore and offering an interest rate of 7.25% for savings accounts. The bank was launched by Finance Minister Arun Jaitley. This is the first payments bank which will be opened across 29 states in India to provide financial services to the millions who are outside the banking system. 

So, let’s discuss some questions related to this post:
Q1. Airtel Payments Bank the first payments bank started its nationwide operations with an initial investment of…?
Ans1. Rs. 3000 Crore

Source-The Hindu

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