Airtel Payments Bank Savings Account

What is an Airtel Payments Bank Savings Account

Airtel Payments Bank savings account enables a customer to keep money safely and have it gain interest. It is mostly operated via the Airtel Thanks App, which allows easy transfers, bill payments, and recharges. Interest rates are calculated on daily balances. A sweep-in FD is available to transfer excess funds into deposits to gain better FD interest rates. 

Airtel Payments Bank Savings Account Interest Rates

The following table outlines the savings account interest rates applicable to Airtel Payments Bank savings accounts.

*Airtel Payments Bank Savings account interest rates w.e.f. September 1, 2025

Types of Airtel Payments Bank Savings Account

Here is a breakdown of the various types of savings accounts available:

1. Airtel Payments Bank Zero Balance Savings Account

   Airtel Payments Bank zero balance savings account may be opened immediately via the Airtel Thanks App using Aadhaar-based KYC. It provides zero balance banking, secure online payments, instant funds transfers and interest on daily savings balances.

2. Rewards123 / Rewards123Plus Account

   This account will offer both interest on savings and guaranteed rewards. It has a one-year subscription to Disney+ Hotstar mobile and other perks on transactions, which provides high-tier customers with added value.

3. Bharosa Savings Account

    Bharosa Savings Account also requires a minimum of ₹500 monthly account. The bank will offer simple banking services. It also provides ₹5 lakh cover of free personal accident insurance that provides financial coverage.

Key Features of Airtel Payments Bank Savings Account

Airtel Payments Bank offers diverse features that are meant to streamline digital banking and daily transactions. Here are some key highlights:

• Airtel Payments Bank Sweep in FD: Airtel Payments Bank sweep in FD  option gives the opportunity to transfer surplus funds to any type of fixed deposit. It helps to receive higher rates of interest on their FD and at the same time keep their savings at hand when required.
• Digital Banking Convenience: Airtel Thanks App enables customers to perform all their banking activities, which include money transfer, payment, and charging. This gives the opportunity of accessing the banking services 24/7 in an easy and fast manner.
• Bill Payments and Recharge Services: The account supports the payment of utility bills, mobile payments, internet payments which are done in the Airtel Thanks App. This makes it easy to carry on daily transactions seamlessly.
• Wide Banking Availability: Airtel has thousands of banking points and partner outlets all over India to make banking available even in remote locations. Customers can deposit or withdraw money at these outlets.

How To Open an Airtel Payments Bank Savings Account

The process of opening an Airtel Payments Bank Savings Account is quite simple, regardless of whether it is online or offline.

Online Application

To open an online Airtel Payments Bank savings account, the following are the major steps:

• Download App: Download the Airtel Thanks App on your phone.
• Register Mobile Number: Register by filling your working mobile number associated with Airtel services.
• Full Personal Information: Enter personal data like name, date and address of birth.
• Upload Documents: Provide Aadhaar and PAN details for identity verification.
• Complete Video KYC: Verify your identity through the digital KYC process within the app.
• Activation of Account: Once the account is verified, your Airtel Payments Bank savings account becomes active to transact.

Offline Application

Customers can also open an Airtel Payments Bank savings account by visiting a nearby banking point:

• Visit Banking Point: Go to a nearby Airtel Payments Bank banking point or authorised retail store.
• Request Account Opening: Ask the banking agent for assistance with opening a savings account.
• Fill Application Form: Provide basic personal information in the account opening form.
• Submit Documents: Share Aadhaar, PAN, and address proof for KYC verification.
• Biometric Verification: Complete identity verification through biometric authentication if required.
• Account Activation: Once verification is completed, the savings account becomes active and ready to use.

Key Takeaways

The Airtel Payments Bank Savings Account is an interest-based online and easy savings account at a rate of 1.5% to 6.5%  p.a. on daily deposits. Airtel Thanks App enables customers to open accounts online and manage their accounts. The funds can be deposited automatically in the Airtel Payments Bank sweep-in FD. The remaining balance will still be earning Airtel Payments Bank FD interest rates, but will still have the money available when needed.