Airtel Money is started by the telecom major, Bharti Airtel. The Airtel Payments Bank is a public limited company with its headquarters located in New Delhi. Airtel Payments Bank is a subsidiary of Bharti Airtel. It happens to be the first company in India to receive payments bank license from the Reserve Bank of India (RBI) and it became the first live bank payments in India.
Airtel operates Airtel Money as a flagship product of its subsidiary – Airtel Payments Bank. The main aim and objective of the payment bank were to reach out to the unbanked individuals the country who reside mainly in small towns and villages and who do not have absolutely any clue about the banking and other financial transactions. Airtel Money is expected to help bridge the gap along with other mobile apps and e-wallets.
Airtel Payments Bank was initiated with a capital of Rs 3,000 crore ($441 million). It reported a record deposit of Rs 68.33 crore at the end of the fiscal year 2017, which marked its first year of operation.
The RBI, on April 11, 2016, issued a license under Section 22 (1) of the Banking Regulation Act of 1949 to Airtel Payments Bank. It is a joint venture between the Bharti Airtel Ltd and Kotak Mahindra Bank Limited, with Kotak holding 19.9% stake in the Airtel Payments Bank.
Airtel Money is a digital wallet by Airtel Payments Bank which allows the users to make payments using the “My Airtel App’ or USSD.
Beginning from August 2018, the Airtel Payments Bank and Bharti Axa Life Insurance have started to provide government’s insurance plan Pradhan Mantri Jeevan Jyoti Bima Yojana and in 2019, it even started offering Atal Pension Yojana which is a government of India’s initiative through its platform.
Airtel Money works without any internet connection
The best and unique feature of this app is one can load money onto your Airtel Virtual Wallet and then use it for a host of services.
The Airtel Money works on USSD technology. With this technology, one can communicate with the service provider’s computer in a way which is akin to online chatting. One can use this service even without a data connection. One has to dial *400# to use the app menu. The only thing the user has to ensure is whether the phone supports the USSD service. One can easily make transactions without any internet connections, nonetheless, if you have mobile data then download the app and transact quickly.
No Bank Account Required
There is no need for individuals to have a bank account for using the Airtel Money App. One can register, operate the app without having a bank account in their name. Almost all the banks in India specify to maintain a minimum balance in their respective accounts, which ranges between Rs 1,000 to Rs 25,000 and if the same is not maintained then the banks will levy charges on individuals. With Airtel Money, one need not have to maintain a minimum balance. The app is the perfect option for individuals who do not have a bank account, do not have a debit or credit card or do not use internet banking or do not use online card payments.
Quick and Easy Payment Process
With Airtel Money, the payment process has become very easy and simple. The user needs to know the Airtel Money number of the grocery shop, restaurant, hotel, coffee shop wherein one has to make payment. As the app works without the use of an internet connection, one can make payments quite quickly, irrespective of where they are.
Deals and Offers
The users of Airtel Money can get an array of deals and offers and this benefits the users to a great extent. Airtel Money has tie-ups with Amazon, Flipkart, Myntra, Snapdeal and other e-retail firms and these firms accept payments through the digital Airtel wallet and offer cashback services and other discounts. One can even recharge the currency using the app at attractive discount deals be it extra talk time or cashback and so on.
Non Usage and Deactivation
Not using the Airtel Money App for a long time will not change or affect the user, but if the duration of non-usage crosses six months then your account will get deactivated and you will lose the remaining balance amount which is left unused in your Airtel Money Account.
Completely Safe and Secure
Payments made through Airtel Money is safe and secure as one needs password known as mPIN to conduct a transaction. The user will get a specific ID for each of the transaction which is made from the app, thereby making the payments even more secure. As it works on a safe network, even if one loses the smartphone, your money will remain safe as nobody will know the password.
Airtel Money has two types of accounts and they are
This account offers a maximum balance of Rs 20,000 and one can use up to Rs 20,000 monthly. A customer is assigned this account when they sign up for Airtel Money.
The Power Account of Airtel Money provides a maximum balance of Rs 1,00,000 and the user can use up to Rs 50,000 per day. To maintain this account, the users must submit KYC documents with Airtel Payments Bank. The approval for this account will be given within 21 days.
Mobile wallets, which have been around for more than five years, have gained attention because of their easy-to-use existence in the wake of demonetization. Originally only used for recharges and service payments, they are also common for transferring money from person to person. Yet are they really the simplest and cheapest way to make payments? Another option that doesn't even allow you to disclose your bank account data is the UPI app for Airtel Payment Bank UPI, the simplest and quickest way to transfer money. UPI is an innovative form of transfer of money that the banks have allowed.
The National Payments Corp. of India (NPCI) has created the smartphone App-based payment network. Airtel Payments Bank has become India's first payment system to incorporate the UPI on its digital network. Airtel Payments Bank UPI may allow immediate transfers of funds between two bank accounts on the mobile platform without requiring account information from the beneficiary. All that is growing for transactions is a Virtual Payment Address (VPA) and MPIN. You must create a VPA, and link your bank accounts to it through My Airtel App. Also with your name or number, you can personalize this VPA; for example- rahulsingh@airtel or 9900000000@airtel.
In addition to improving the customer experience, Airtel Payments Bank UPI often allows digital payments extremely fast. It is an excellent forum for online and offline merchants to make digital payments and makes instant money transfer to any bank account in India. Online and offline merchants may also take payments with the scan and pay functionality using new IDs or quick response (QR) codes. Although mobile wallets only allow the wallet to wallet transactions, which come with a withdrawal cap of Rs. 20,000, Airtel Payments Bank UPI enables you to send money to any bank account or payment app, making a massive improvement of online transactions.
Comfort and timeliness are the main factors of today's generation and both are served by Airtel Payments Bank UPI. UPI is really the potential of mobile banking in India with zero processing time. Data published by NPCI showed a 100 times rise in transactions utilizing UPI, within 10 months of issuance of UPI. Airtel Payments Bank stated that it has allowed open-loop BHIM UPI-based payments at more than 500,000 merchant points throughout India, allowing customers to make digital payments for goods and services using any bank or payment app supported by BHIM UPI via their mobile phones.
Customers no longer have to go through the trouble of downloading and managing multiple payment apps and can pay with any BHIM UPI that activates their preference. Make digital payments convenient as well as safe, Airtel Payments Bank powered by BHIM UPI payments will allow customers to pay via a single interface anywhere, any time.
Powered by BHIM UPI Airtel Payment Bank is the best platform for the merchants nowadays as it is more valuable and secured too. Merchants can easily accept payments right to their bank accounts, which reduces the cash management for the merchants. Apart from this one of the core features is that rather than filling up the counter with various payment approval options, merchants can set up a single OR Code at their counter making it enable for all types of customers. And also merchants can also manage a single application without having to run several vendor applications at the back-end.
A combination of Format Retail outlets and small merchants makes Airtel Payments bank merchants cover all the shopping segments such as lifestyle, electronics items, food, grocery, etc. Airtel Payments Bank aims to grow its offline merchant base substantially and now currently holds more than 1 million offline merchants through its payment solution which results in increasing customer experience in the market.
Note: One of the key aspect of UPI integration with Airtel Payments Bank is that you can generate several VPA ID's. This will enable you to make different VPA for different individuals.
Users of Airtel Payments Bank is enabled to utilize the National Electronic Funds Transfer (NEFT) service at any time of day. Including on holidays, the payment feature will be accessible to the customers on a 24x7 basis, allowing you to send or receive money to any bank account from your comfort. Users of Airtel Payments Bank can transfer money utilizing the NEFT facility via Airtel Thanks app or by the website of Airtel Payments Bank. You must select the option 'Transfer Money' followed by 'Transfer to Bank.' A page will appear for the beneficiary to register.
After the beneficiary registration process is complete, you can transfer the money with ease. The RBL stated that Airtel Bank users can transfer money around the clock, including weekends and holidays, via NEFT. After the normal banking hours, those transactions are prepared to be started automatically using banks' 'Straight Through Processing (STP)' modes. The current discipline for transferring or receiving money to the beneficiary's account the transaction to the originating bank within 2 hours of settlement, will also continue, according to the bank.
KYC (Know Your Customer) is the process of verifying client identity by accessing the identification and contact details of the customers. It safeguards the corporation against malicious agents and unauthorized entry. This refers to various standards, rules, laws, and statutes issued by RBI from occasionally under which the Bank is needed to access from the user personal identification details and authorization as would be necessary at the time of registration for these services and/or continuation of facilities.
Customer information such as customer name, date of birth, pin code, mobile number, and any form of POI can be accessed. It has a maximum limit of Rs. 10000/- and it can be used for faster payments.
Complete KYC wallet has an expanded Rs.100000/- cap and therefore consumers don't need to think towards digital money deficits. One of the interesting options Airtel uses is a free transfer of money from Airtel to Airtel numbers provided by Airtel. It provides Rs. 1 lakh Personal Incident cover for any savings account, fast deposit and withdrawal facilities through a vast network of Airtel retail outlets and other deals.
If you wish to register with Airtel 's Payments Bank, you do not have to go anywhere or to submit the documents. You can open an Airtel Payments Bank account by using the Aadhaar-based e-KYC method. In only a few taps you will become a member of Payments Bank within a couple of minutes. Airtel Payments banks are known to be authorized banks under the Reserve Bank of India Act, 1934, section 42(6)(a). Anyone who is an Airtel customer with an Aadhaar card, PAN card and an internet-enabled mobile can become a member of Airtel's Payments Bank and receive a 7.25 percent p.a. interest by depositing a limit of Rs.1 lakh. New users of Airtel Payments bank will have to log in on airtel.in site by using their smartphone or computer, An existing user of Airtel money and are using the wallet to make a transaction, are required to update the Airtel Thanks app to use the benefits of Airtel 's Payments Bank.
Airtel Thanks is the new and updated version of My Airtel App. Airtel Thanks offers online recharge, bill payments and other Airtel services. Use Airtel Thanks app to update your account and data balance in real-time, access all Airtel services, get in touch with customer care and claim free rewards from Airtel Thanks. Recharge for your Airtel Prepaid, DTH or bill payment of your Airtel Broadband or Postpaid and get amazing discounts and offers across all wallet and UPI services. Watch free live TV/Movies, get all latest music on Airtel Xstream, or experience Airtel Payments Bank's amazing deals on any prepaid recharges, DTH recharges utility and electricity bills.
The app puts all the banking services in your pocket and allows you to experience all your banking needs from anywhere anytime. What you'll need is an Airtel Payments Bank savings account. With only one fingerprint scan you can launch it in a couple of minutes. Sending money to friends and family is incredibly simple, thanks to Instant Money Transfer and BHIM UPI. Additionally, you don't need to disclose any important information about your bank details.
Airtel Thanks app is an exclusive rewards platform for its trusted Airtel customers that allows them access to a variety of exclusive rewards, advantages & privileges. Download the Airtel Thanks app from play store or app store and know more about the reward benefits. Airtel Thanks advantages depend upon the value of the bill / recharge plan. In the case of a change or removal, the Airtel Thanks benefits may be modified within 4 hours of the change depending on the plan value. Use the Airtel Thanks App to view & claim the same.
Features and Benefits
Download the Airtel Thanks App and you will get
You can download the Airtel Thanks app from the dedicated app store of your mobile, just open the Play Store/App Store and search for Airtel Thanks>tap on the 'Install' icon and you are done. Once the app is downloaded, complete the one-time registration process and you will be eligible to get the below-listed benefits.
Airtel Payments Bank, the first of its type across India, is the all-in-one solution for a variety of conventional banking concerns, like prolonged waiting or lengthy processes to open a savings account. With Airtel Payments Bank avoid paperless procedure and open your saving account within a minute. Airtel Payments Bank saving account also provides a wide range of services such as cash withdrawal or deposits at more than 5 lac banking sites around the nation, fund transfer to your loved ones, online or offline shopping, DTH or mobile recharge, utility bill payments and more. Airtel Payments Bank is consistently looking to offer more advantages, and recently it has launched cardless cash withdrawal facility over 1 lac ATMs in India. You can also experience unique deals specifically designed for your daily lifestyle.
Visit your nearby banking point to open your Airtel Payments Bank Savings bank account. Once your saving account is generated you can access your account through My Airtel App.
Airtel Payments Bank enables the digital economy through the relocation of bill payments from cash to online and digital platforms. Although My Airtel app, website and more than 5 lacs of Airtel Payments Bank banking points it is all that you need for basic banking needs such as utility payments such as Electricity, Water, Gas, Telecom etc.
Process to pay bills using My Airtel App
With Airtel Payments Bank online mobile recharges are faster and easier. Experience the convenient mobile recharge at your fingertips via the website or with The Airtel Thanks App. Recharge your prepaid device on the go with Airtel Payments Bank. It's an easy-to-recharge feature that allows you to recharge your mobile within a minute. No matter where you are, just recharge your prepaid mobile without leaving your comfort. You can recharge your prepaid balance with Airtel Payments Bank for Airtel and other providers such as Vodafone, BSNL, Idea, Jio, MTNL Delhi, MTNL Mumbai, Tata Indicom and Tata Docomo recharge.
Airtel Payments Bank has been awarded the PCI DSS certification which is the highest online transaction security certificate. That means your online recharge payments are completely secure. For any online recharge, you will enjoy various deals and cashback. Apart from all these, you will get 24x7 customer service support. Get in touch by dialling 8800688006 and solve your recharge related queries. Airtel Payments Bank provides two ways to recharge your smartphone. Follow the below mentioned steps:
Prepaid recharge process via the Airtel Payments Bank website
Prepaid recharge process via the Airtel Thanks App
Airtel Payments Bank is among the most secure platform to select your Airtel recharge plans. Airtel Payments Bank provides you with an easier and faster way to pay for your prepaid Airtel recharge plans. Through Airtel Payments Bank, you can pay for any Airtel mobile recharge just with a few clicks. Airtel Payments Bank enables you to initiate Airtel online recharge no matter where you are. It's easy to create an account at the Airtel Payments Bank, just within a few minutes. With Airtel Payments Bank it is now easy and secure to make Airtel online recharge as it is not required to visit your nearest store or entering your card details to make the payment.
Latest Airtel Plans, choose the best one now!
Below is a summary of several latest plans from Airtel to ensure you pick the right one:
1. Airtel Special Recharge: With Airtel Special Recharge, you can enjoy better outgoing calls, Internet data, talktime balance and many more.
2. Unlimited Packs: Enjoy 1.5 GB of 3G/4 G data per day for 28 days and 82 days along with unlimited outgoing calls, 100 SMS per day, and zero roaming charges with recharge plan of Rs 199 and Rs 448. Enjoy 1 GB of 3G/4 G data a day for 84 days along with unlimited outgoing calls, 100 SMS / day and zero roaming charges by selecting a recharge plan of Rs 399.
3. Full talktime plans: Make a recharge of Rs 95, 145, 245, and 1000 to enjoy full talktime with a validity of 28 days, 42 days, 84 days, and unlimited talktime period.
4. Airtel 4G plans: Enjoy 520 MB and 3GB of 3G/4G data on a recharge of Rs 29 and Rs 98 with a validity of 28 days.
5. International Roaming: Enjoy free incoming calls, outgoing calls, data and SMS in the selected countries starting from Rs 296 a day on Airtel International Roaming plans.
BSNL is a telecom extension of public sector company Bharat Sanchar Nigam Limited, formerly known as CellOne. The telecom company has 300 + networks globally providing national and international roaming facilities. What you have to do to allow the use of such facilities is to select a BSNL prepaid recharge plan that best suits to your needs. The network provider also provides offers uninterrupted call services such as local call, BSNL to BSNL, night call, national and international SMS packs, 4G services, and more. Apart from this, BSNL even offers blends of different services. So what are you waiting for?
Recharge your BSNL Prepaid number and grab all those benefits. Airtel and its Airtel Payments Bank enable you to recharge your BSNL Prepaid services online in a seamless and convenient way. With Airtel Payments Bank you can also experience amazing discounts and deals for every transaction. Airtel Payments Bank is authorized according to PCI DSS. This implies safe and stable transactions can be made via this platform. So, make your recharge done at Airtel Payments Bank and leave your security stress behind. The prompt OTPs and Authentication codes keep your transactions confidential. One more advantage of using the Airtel Payments Bank for your BSNL Prepaid Recharge is the time consumption, easy process and just with a few clicks, your recharge is done just in a matter of seconds.
Multinational telecom firm Vodafone Group plc. Headquartered in London, England; the company mainly offers services to Asia, Africa, Europe and Oceania. Vodafone ranks 4th among telecom network companies worldwide and offers coverage to millions of prepaid customers. Vodafone provides all options – prepaid and postpaid. But the prepaid service delivers loads of options and benefits. Airtel provides you with a platform for online smartphone recharge from the comfort of your home with its Airtel Payments Bank. With a PCI_DSS certification, minimize your worries about secure transactions. With its secure recharge platform, Airtel Payments Bank also provides to recharge your Vodafone prepaid number in a matter of seconds. Making Vodafone prepaid recharge is convenient and easy with Airtel Payments Bank. Moreover, you can also take benefit of all Vodafone recharge offers when you recharge your Vodafone Prepaid number. Below listed are some recharge plans for your Vodafone Prepaid number.
Process to recharge your Vodafone Prepaid number via Airtel Payments Bank
Idea cellular is among the widely known telecom firm in India. With its wide base of users, the first priority of Idea is customer’s satisfaction. No need to head to your nearest local shops for your Idea recharge, with Airtel Payments Bank you make your Idea prepaid recharge in a simple and seamless way. Experience a secure and time-saving recharge process with Airtel Payments bank, which not only provides you with a smooth convenience but also delivers you satisfaction at your comfort. Idea provides its users with affordable plans such as combo packs, data packs, Full talktime plans, SMS packs and more. You can also compare the recharge plans online and choose one that best fits your needs. Airtel Payments Bank provides you with a digital platform that is simple to access and helps you to make payment for your recharge safely which is time-saving too.
Airtel Payments Bank allows you conveniently and safely pay for Idea online recharges. You can also save your money at Airtel Payments Bank platform with its thrilling rewards which are always ready for you during payment. You can also get in touch with the 24x7 customer service to get assistance for your queries. Apart from it’s convenient and user-friendly services, Airtel Payments Bank also offers you amazing offers and cashback for Idea prepaid recharge. Just select your Idea recharge plan, apply the coupon and reap the cashback instantly.
Airtel Payments Bank is constructed to support fast and trouble-free online bill payments. The Airtel Payments bank offers you a simple and quick way to carry out your transactions when it relates to postpaid bill payments. The Airtel Payments Bank team is now actively exploring innovative ways to assess that postpaid mobile bill payments are made easily and safely. Recharge to enjoy convenient postpaid recharge at your fingertips using the Airtel Payments Bank website or via The Airtel Thanks App.
Through a range of discounts and perks on postpaid bill payments, you can save your effort and time too. By using Airtel Payments Bank you can reap exciting offers, cashback, and coupons for every postpaid bill payment. At the same time, you can also get in touch with the customer care service by dialling 8800688006 to address your queries.
Setup your Airtel account or download the Airtel Thanks App and follow the below-listed steps for your postpaid bill payment.
Via Airtel Thanks App
Airtel Payments Bank is the ideal choice for monthly payments of your Airtel postpaid bills. It has a user-friendly interface and convenient payment process enable you to complete Airtel bill payment from your comfort.
Why choose Airtel Postpaid Bill Payment with Airtel Payments Bank?
Below are the some reasons to choose Airtel Payments Bank for making Airtel Postpaid Bill payment.
Unlimited data and calling: Airtel provides a broad variety of pocket-friendly postpaid plans that provides you fastest internet connection and uninterrupted calling. Airtel is the first ideal choice for users for its full talktime, unlimited internet, and roaming plans along with 3G/4G services.
Countless entertainment and thrilling deals: Airtel also provides top-notch entertainment option to its users through a range of OTT (Over-The-Top) platform such as Netflix, Amazon Prime, Zee5, and Airtel TV Premium on a 24x7 basis. Get an Airtel postpaid connection now and enjoy your favourite entertainment from your comfort.
A large variety of Airtel Postpaid Recharge plans: Airtel provides user-friendly recharge plans and also enables the users to initiate a custom Airtel postpaid plan according to their needs under the section My Airtel Plans.
24*7 bill payment service: No need to worry in case you skip your Airtel bill payment. With 24x7 Airtel postpaid bill payment service, you can pay your bill anytime anywhere.
Vodafone Idea Limited is a collaboration of the Aditya Birla Group and Vodafone Group. It is India's largest vendor of telecoms services. The firm offers voice and data services to pan India through 2G, 3G, and 4G networks. The days are gone when postpaid customers have to go to their nearest service providers to pay for their bills. Airtel has introduced the Airtel Payments Bank to consolidate all your transactions under one umbrella. With Airtel Payments Bank your bill payments experience are just a few clicks away.
Make the most of your Idea postpaid connection which is designed particularly for Idea customers. A variety of unique talktime, unlimited internet, and roaming plans coupled with 3G/4 G networks satisfy the customers’ needs. So in order to experience all those benefits, Airtel Payments Bank provides an Idea Prepaid customer with seamless and hassle-free payment platform. Idea postpaid provides a broad variety of deals which are expressly tailored to satisfy consumers needs. There are a variety of Idea postpaid recharge plans, combo offers, unlimited calling, internet packs, SMS, roaming and many more. You can pay for any Idea postpaid recharge plans seamlessly on a 24x7 basis with Airtel Payments Bank.
Airtel Payments Bank is a secure and convenient place to repay your bills. The Payments Bank allows you to make Vodafone Bill Payment in only a few taps, instead of going to the shop and wasting your valuable time. Airtel is pioneering its business and its latest addition is the Airtel Payments Bank. If you're an incredibly busy individual Airtel Payments Bank is the prefect platform for you. Vodafone's network helps its consumers to experience unlimited communication. The specially designed packages help their consumers bring it all into one box. Vodafone delivers incredible discounts, cashbacks and exclusive promotions to allow consumers to render Vodafone Bill Payment. Vodafone Red Entertainment plans offer many awesome advantages to you.
Grab unrestricted calls, roaming, SMS, internet, and numerous choices for entertainment such as Vodafone Play, Amazon Prime, ZEE5. Get ISD minutes and free access to Netflix, iPhone Forever subscription with plans from Red International, Red International+, and Red International L. Just opt the best Vodafone plan that perfectly suits to your needs and leave your payment concerns with Airtel Payments Bank. Vodafone creates customer friendly services for all types of customers and their needs. There are lots of options that the customer can pick from talk time, SMS, 4G and more. Vodafone 's unified services are assembled in a single bundle to address all the demands of its consumers. Airtel Payments Bank is the all you need for making Vodafone Postpaid Bill payment on the go. What makes Airtel Payments Bank the most preferred digital platform for making bill payment is its user-friendly UI combined with convenient and secure transactions.
Airtel was at the forefront of the technology transition when it came to delivering all the new services for its clients. Airtel has brought the easy-to-use technology to a whole new dimension with the launch of Airtel Payments Bank which enables BSNL postpaid users to make hassle-free bill payments. Bharat Sanchar Nigam Ltd., widely known as BSNL, provides its customers a wide range of plans and offers. The packages take special care of the criteria of your personalised talk time, web browsing access. Moreover, BSNL offers a number of postpaid add-on recharge options which allows you to recharge your account with add-on services quickly and conveniently.
BSNL postpaid mobile bill payment online with Airtel Payments Bank provides you a fast and simple recharge process. Airtel Payments Bank makes it much easier to render your BSNL bill payment from your comfort. The BSNL postpaid bill payment can be made on-the-go using your Airtel account. For its customers BSNL has designed the special offers. Airtel enables BSNL customers to conduct their recharges via the Airtel Payments Bank via which they can reap amazing cashback and other benefits. BSNL is a living legend due to its competitive plans and can afford by all types of individuals. BSNL also gives its customers enticing promotions because of its large network, so that they can enjoy its offerings without putting any pressure on their wallets.