HomeNewsAirtel to open no-frill accounts for Axis Bank

Airtel to open no-frill accounts for Axis Bank

It offers a no-frills account of Axis Bank on the Airtel Money platform with cash deposit/withdrawal, remittance of funds and even interest on balances.

Bharti Airtel has announced that Indian citizens can now open a no-frill account of Axis Bank using its Airtel Money platform.

The ‘Airtel Money Super Account powered by Axis Bank’ will offer customers banking transactions including cash deposit, money transfer and withdrawal. Airtel has partnered with Axis bank to offer this service

“These accounts will provide convenient, safe and secure savings avenue to Financial Inclusion customers’ paying them savings account interest and also enabling them to make remittances,” Airtel said in a press release.

To begin with, savings and remittance solutions will be provided in Delhi and Mumbai on the sending side and Bihar and East UP on the receiving side. Thereafter these services may be extended to other remittance corridors in the country. Gradually other banking products and services like micro recurring deposits, micro fixed deposits, small loans and micro-insurance products will also be provided through this platform.

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Commenting on the occasion, Sanjay Kapoor, chief executive officer – India and South Asia, Bharti Airtel said, “The all new ‘Airtel Money Super Account powered by Axis Bank’ acts as a no-frills bank account that comes with remittance capabilities which empower customers to send money, withdraw cash from the nearby designated Airtel Money outlets, keep money safe and even enjoy interest on savings through their mobile device.”

How to Open

Mobile customers can visit nearest authorised ‘Airtel Money – Axis Bank outlets’ and open ‘Airtel Money Super Account powered by Axis Bank’ on their mobile phones by submitting the prescribed application form and KYC documents.

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