On Friday, Airtel Payments Bank announced its new ‘Rewards123’ savings account which provides advantages and benefits to customers on a digital basis using the bank account.
At an annual fee of Rs 299, clients can get ‘Rewards 123,’ and take advantage from some cashback payments every month on recharges, post-payments, broadband payments and DTH bills and charge cash bonuses and rewards on their shopping.
Limited Platinum Online Mastercard debit card and 0 minimum balance are other advantages. Announcing the ‘Rewards123’ digital savings account, Airtel in a statement said this is “designed to offer consistent value, with assured rewards on different types of digital transactions throughout the year”. The current account with a savings bank provides free annual bonuses up to Rs 960.
Via Airtel thanks app through Video KYC application, the client can quickly open or update to Rewards123.
Anubrata Biswas, MD and CEO of Airtel Payments Bank said, “Our research reflected that digitally ready, time sensitive consumers, seek consistent value during transactions, and are tired of surfing for the next best deal. With this insight, we developed Rewards123, a consistent value-driven proposition, which can be used safely as a separate account for digital transactions.”
He added: “This innovation is an important addition to our neo-banking proposition of simple, secure, and value-driven solutions, and will further India’s mission of digital inclusion.”