100,000 saving accounts in TN by Airtel Payments Bank
Airtel Payments Bank, offered by telecom major Bharti Airtel, recently announced that over one lakh savings accounts were opened in 100 villages across Tamil Nadu. Through the initiative, the villages would have access to banking services along with the option of making digital payments, a company statement said.
“We are delighted to have taken formal banking services to these remote rural pockets of Tamil Nadu. We are fully committed to the vision of Digital India and financial inclusion,” MD and CEO of Airtel Payments Bank, Shashi Arora said. A network of over 16,000 neighbourhood Airtel stores offer banking services. By launching the service, Airtel Payments Bank will not charge any processing fee from its customers and merchant partners for digital transactions.