Airtel, the India’s leading telco & Axis Bank, the second largest private bank has joined hands to extend the Mobile Banking Service to the masses by offering a Saving Account with many banking features/services to its customers. With this partnership, Airtel customers can now open a No Frills Saving Accounts of Axis Bank powered by Airtel Money.
Under this partnership, a No Frills Savings Account dubbed as ‘airtel money Super Account powered by Axis Bank’ need to be opened through any Airtel Money Authorised centre near you. Once opened, you can deposit cash, transfer it and withdraw it as well. Not only this, you would also get INTEREST on your balance in the account just like any saving account.
Initially, the above mentioned service will be provided in four states only – Delhi, Mumbai, Bihar & UP East. Customers in Delhi & Mumbai will be on the sending side and customers in Bihar & Eastern UP will be on the receiving side. Later on the services would be extended to other parts of the country and other banking products and services like micro Recurring Deposits, micro Fixed Deposits, small loans and micro-insurance products will also be offered through this platform.
The ‘airtel money Super Account powered by Axis Bank’ offers the following key features:
- A no-frills account of Axis Bank on the Airtel Money platform
- Cash Deposit / Withdrawal from authorised ‘airtel money – Axis Bank’ outlets
- Remittance of funds to other ‘airtel money Super Accounts’
- Remittance to other bank accounts through NEFT (to be enabled soon)
- Savings bank interest on balances
How to Open Airtel Money Axis Bank Account
To open a ‘airtel money Super Account powered by Axis Bank’, you can visit any authorised ‘airtel money – Axis Bank outlets’ near you and open ‘airtel money Super Account powered by Axis Bank’ on their mobile phones by filling the prescribed application form and submitting KYC (Know Your Customers) documents.