Airtel Payments Bank your Safe Second Account for Daily Transactions

Schedule of Charges - Savings Bank Account test

Airtel Payments Bank offers a safe digital account for just INR 200 per year excluding GST, with no hidden fees and no minimum balance required.

Since 1st July 2024, bank has migrated to a new regime of standard charge, by shutting down 2 charges: Account Operation Charges and Annual Subscription Charges & merging these into Account Maintenance Charge. Any pending recovery of old charges will continue for previous financial years.

Account Operation Charges: INR 15/Quarter excl. GST

Annual Subscription Charges: INR 100/year excl. GST

* Minimum amount for first cash deposit is 0, There will be a charge of Rs. 100 applicable for Facilitating the opening of Savings Bank Account, under the header “Account Facilitation Charge”. (Account Facilitation Charges and minimum amount for first cash deposit are not applicable for customers opening salary account, Disbursement account, and few other account categories identified internally by the bank based on type of usage) The fee is subject to changes with time and will be updated accordingly.

Note:

1. Customers wishing to open Bharosa Savings Account can open account with minimum 500 as first cash-in to the account at the time of account opening. Thereafter, Bharosa benefits are subject to minimum one transaction in a month and MAB of Rs. 500.

2. Mode of Fund Transfer is IMPS. In case of NEFT, charges are as per RBI guidelines

3. For customers without PAN card, the limit for cash deposit per day is INR 49,999. For customers with PAN card, the limit for cash deposit is INR 49,999 per transaction.

4. Based on user behavior and risk profile of the user , limits to add money / send money may be modified accordingly from time to time.

5. There is no minimum balance to be maintained in savings accounts

6. There are no charges for Debit card usage

7. ** Account Operation Charges

Effective December 10th 2022, Account Operation Charges will be levied at Rs. 15 + 18% GST per quarter for all active savings account holders. If sufficient balance is not maintained in the account, available balance would be levied and subsequently bank will make attempts to recover the remaining amount at regular intervals. Account Operation Charges would cease to exist from 1st July 2024

8. ***SMS Alert Charges

Effective September 5th 2023, monthly SMS Alert Charges will be levied at Rs. 0.3 + 18% GST per SMS.

Effective February 1st 2024, the SMS charges (excluding GST) will be capped at INR 100.

Effective 1st  July 2024, Number of free SMSs which are exempted from charging is revised from 10 to 5 implying the charges being levied from July 2024 (for previous month's usage) will be using the new limit.

9. There is an annual credit/debit limit set for all Savings Account holders capped at INR 2 Cr. Service Charges are inclusive of all applicable taxes

Note: Post-migration into the Basic Savings Bank Deposit Account (BSBDA), the bank will no longer impose any bank-induced charges. However, any charges applied prior to the migration to BSBDA will not be eligible for refund.

*with effect from 01 June 2023