Airtel Payments Bank launches 'Bharosa' savings account

Airtel Payments Bank here on Tuesday launched "Bharosa" savings account services, designed for deepening the financial inclusion in the country.

Along with convenient banking services, Bharosa savings account would offers Rs 5 lakh personal accident insurance on maintaining balance of Rs 500 along with one debit transaction per month.

Customers would also be eligible for cashback, if they decided to receive government subsidies in their Bharosa account or if they made cash deposits in it, the company said in a statement.

"The benefits of this product will be further amplified through a structured roadway for phased introduction of other features linked to formal banking. To begin with, it will be available at over a quarter million banking points. Bharosa aavings account customers can also withdraw cash, check their balance or access a mini statement of their account at over 6,50,000 AePS (Aadhaar-enabled payment system) enabled outlets across India," it said.

Airtel Payments Bank offers digital banking services through a network of 5,00,000 neighbourhood banking points spread across the the country.IANS