Facts To Know About Airtel Payment Bank & Portal- Airtel Tez

Bharti Airtel launched its Airtel Payments Bank, taking advantage of the government's demonetization action, which has pushed the country into digitization mode. Airtel Payments Bank, the country's first payments bank, will offer banking services on a pilot basis according to the mobile service giant.

In this article, we will go through what is Airtel’s payment bank and how you can open an account as well. We will also be shedding some light on Airtel’s new banking portal aka Airtel Tez Portal and some unique features that Airtel users can benefit from.

Everything You Need To Know Regarding Airtel Payments Bank

Airtel Payments Bank is considered to be the country’s first-ever payments bank with a purpose of providing Indian citizens with a secure banking experience. Bharti Airtel introduced Airtel payments bank in January 2017 in an attempt to support the cashless revolution the government had promised.

Airtel Payments Bank operates with the purpose to resolve the issues people face with traditional banking. The bank aims to streamline the banking process and make it more convenient for users. Keeping this in mind, the Airtel Money Wallet was introduced. The Airtel Money Wallet is a digital wallet that enables people to make both online and offline payments online. With the Airtel Money Wallet, users can pay their phone bill, utility bill and several other expenditures without sharing their Airtel Payments Bank IFSC code and other details.

Airtel Payments Bank Aadhaar KYC authentication

Unlike other banks in India, Airtel Payments Bank allows you to open a savings account in minutes without having to fill out any paperwork. How is this possible? Airtel enables people to do so with the help of an Aadhaar-based e-KYC authentication. You can open an account by bringing your Aadhaar number to a designated Airtel retail location in your area.

What documents will you need to open an account in the Airtel Payments Bank? Well, for starters, you will require your phone number, which should be active. You will also need your Aadhaar card, as mentioned earlier, and your PAN card as well. You will need these for the Airtel Payments Bank KYC.

There are many people in India who don’t possess a PAN card yet. If you are amongst these individuals, it’s completely alright and you can still open an account in the Airtel Payments Bank after filling out Form 60.

How To Access Your Airtel Payments Bank Savings Account?

You can visit your nearest banking location to open a savings account or access your already existing savings account in Airtel Payments Bank. In case you don’t want to go out, you can use the ‘My Airtel App’ on your smartphone to log in to your Airtel Payments Bank account.

With an Airtel Payments Bank Saving account, people can avail of banking services like cash deposits and withdrawing money. You can also transfer money, do your mobile recharge and your Airtel DTH recharge as well. Besides these facilities, you can pay your utility bills and use the online shopping platform as well.

How To Open An Account In Airtel Payments Bank Using Your Mobile?

Any Airtel user who has an Aadhaar card, a PAN card, and a smartphone with Internet access can open an account in the Airtel payments bank.

Before we proceed with discussing how to open an account in the Airtel payments bank, let’s go through some primary characteristics of the bank.

  • There’s a 2.5 percent annual interest rate.
  • Personal accident insurance worth Rs. 1 lac is provided free of charge.
  • Debit Card in the Virtual World

Opening an account using a smartphone

  • On your smartphone, open the ‘Airtel Thanks app’ or go to Airtel’s authentic website.
  • Input your mobile phone number.
  • Enter your PAN number/voter ID number/Driver's license number.
  • Verify the OTP.
  • You have established an Airtel Wallet account successfully.

About Airtel Tez Portal 2.0

Several Airtel users are familiar with the fact that Airtel has a payment bank portal. However, Airtel has transformed its former portal into a new banking portal called Airtel Tez 2.0. Airtel Tez offers users new banking features that help streamline their banking experience.

Regardless, there are many users who don’t know how to navigate their way through the Airtel Tez retailer portal. If you are amongst such users, let’s shed some light on how to login and operate the Airtel Tez portal with ease.

Browse through the portal and enter your mobile number and password to login to the Airtel Tez portal. Once you have successfully logged in, you will see your current balance. Besides this, users can go through numerous banking features to manage their money on the Airtel Tez portal These include adding money to their account, withdrawing cash, depositing money, and many more.

To name a few features:

  • Recharge
  • Cash Withdraw
  • Cash Deposit
  • Money transfer
  • Bill payments
  • AEPS

Airtel Tez Portal 2.0 AEPS Feature

Aadhaar Enabled Payment System aka AEPS is a new feature that’s been introduced to Airtel users via the Airtel Tez portal. Many users are already familiar with this feature but for those of you who aren’t, let’s discuss a bit about the Aadhaar Enabled Payment System.

Once you login to the Airtel Portal and you click on ‘banking’, click on AEPS. By doing so, you will be able to view the cash withdrawal option along with the mini statement, balance inquiry, and send it to bank options.

Regarding AEPS cash withdrawal, it’s for users who are willing to withdraw some money from their accounts. To access the cash withdrawal feature, you will have to tap the cash withdrawal option and input your phone number, your Aadhar card, and then the amount you want to withdraw.

Airtel Payment Bank Customer Care

In case you want to reach out to Airtel Payments Bank, you can contact them at these coordinates:

Bottom Line

We have shed some light on everything you need to know about Airtel Payments Bank, the eligibility criteria, and how you can open a savings account as well. We have further discussed Airtel’s latest portal: Airtel Tez 2.0 Portal. Even though many people are familiar with this, there are a few who still face issues with navigating through Airtel’s new portal.

Keeping this in mind, we have discussed in detail about the Airtel Tez portal and how users can login with ease. In case you face any issues with Airtel Payment Bank or the Airtel Tez 2.0 Portal, you can reach out to Airtel’s customer care on the contact number shared above or via email, whichever is convenient.

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Frequently Asked Questions

How to make online payments with Airtel Payments Bank?

Users can use their Airtel Money Wallet to make any necessary payments digitally.

In which year was Airtel Payments Bank launched?

Bharti Airtel had introduced Airtel Payments Bank in 2017.

Can users withdraw and deposit cash from the Airtel Payments Bank?

Yes, users can withdraw cash and deposit money as well. You can also transfer funds as per your convenience.

How can I see my current balance with the Airtel Tez Portal 2.0?

You will have to login to the portal with your phone number and password. Once done, you’ll be able to view your current balance.

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