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Airtel Payments Bank enables 24x7 NEFT transfers

Friday, December 27, 2019, 10:58 AM

Airtel Payments Bank said it has enabled 24x7 NEFT transfers in line with the RBI's guidelines. Airtel Payments Bank customers will now be able to use the NEFT-facility at any time of the day. The facility will be available to customers on a 24x7 basis even on holidays enabling then to receive or send funds to any bank from anywhere, anytime, the Bank said.
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Airtel Payments Bank launches Bharosa savings account scheme

Wednesday, September 18, 2019, 10:56 AM

Airtel Payments Bank announced the launch of 'Bharosa savings account'. The 'Bharosa savings account' will enable customers to withdraw cash, check balance and access mini statement of the account at over 6,50,000 Aadhaar Enabled Payment System (AePS) outlets across the country, the company said in a statement. This savings account will also offer a free accident cover of Rs. 5 lakh.
 
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Airtel Payments Bank records 69% increase in revenue

Friday, October 5, 2018, 12:05 PM

Airtel's banking arm Airtel Payments Bank has reportedly recorded an 11.68% increase in losses to Rs 272 crore in FY18 as compared to Rs 244 crore in the preceding fiscal. The bank's revenue rose nearly 69% to over Rs 160 crore for the financial year 2018. The Sunil Bharti Mittal-led company's expenditure increased to Rs 433 crore during the fiscal.

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