INSUBCONTINENT EXCLUSIVE:
Customers having an account with the Airtel Payments Bank will be able to save moreAirtel Payments Bank has increased its day-end account
balance limit for customers from Rs 1 lakh to Rs 2 lakh, becoming the first payments bank in the country to do so
According to a statement shared by Airtel, the move is in line with the guideline from the Reserve Bank of India (RBI)
Airtel Payments Bank is now the first payments bank in the country to enable an amount of Rs 2 lakh of day-end account balance limit
With this step, customers having an account with the Airtel Payments Bank will be able to save more with the increased limit
Many of these rural areas never had access to the banking services.According to Anubrata Biswas, MD and CEO, Airtel Payments Bank, the
central bank's decision to increase the balance limit is an endorsement of the role payments banks have in strengthening digital and
Das-led committee increased the day-end of payments bank from Rs 1 lakh to Rs 2 lakh, in order to encourage financial inclusion and to cater
to the needs of the customers, including MSMEs, small traders, and merchants.
