which type bank is airtel payment bank?

Question

Accepted Answer

Airtel Payment Bank is a type of mobile banking service provided by Airtel, a telecommunications company.

Airtel Payment Bank is a digital banking platform that allows customers to open savings accounts, make transactions, and avail various banking services through their mobile phones.
It operates on a mobile-first approach, providing convenience and accessibility to customers.
Airtel Payment Bank is regulated by the Reserve Bank of India (RBI) and follows the guidelines and regulations set by the central bank.
Customers can deposit and withdraw money, transfer funds, pay bills, and make purchases using their Airtel Payment Bank account.
It offers interest on savings accounts and provides financial services to both individuals and businesses.
Airtel Payment Bank aims to promote financial inclusion by reaching out to unbanked and underbanked populations in India.

Accepted Answer

Digital payment bank ,No paper documents are required

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