Airtel launches payment bank in AP and Telangana

Wednesday, December 14, 2016


  • Offers 7.25% p.a. interest on Savings account
  • 8,000 outlets in Andhra Pradesh and 7,000 outlets in Telangana

Airtel on Wednesday announced it launch of Airtel Payments Bank across Andhra Pradesh and Telangana States.

Airtel offers an interest of 7.25 per cent per annum on savings account deposits and a personal accident insurance of Rs.1 lakh with every account.

The Managing Director and CEO, Airtel Payments Bank, Shashi Arora speaking at a press conference said that rolled out pilot services in both Telugu Speaking States. The pilot would involve rolling out the services in 8,000 Airtel outlets in Andhra Pradesh and 7,000 in Telangana will act as banking points, he said.

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