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MoneyWorks4Me

Airtel Payments Bank crosses 100,000 savings accounts mark in Madhya Pradesh

11 Apr 2017 Evaluate

Airtel Payments Bank, offered by telecom major Bharti Airtel, has opened over one lakh savings accounts in Madhya Pradesh. Approximately 70% of these accounts have been opened in rural areas, thereby, contributing to financial inclusion in the State. Airtel Payments Bank, a fully digital and paperless bank, aims to take basic banking services to the doorstep of every Indian by leveraging Airtel’s vast retail network.

In Madhya Pradesh, over 30,000 neighborhood Airtel retail stores also function as banking points, and customers can open savings accounts, deposit and withdraw cash across any of these banking points. Majority of these banking points across the State are in rural areas, helping in extending the reach of services to unbanked regions.

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Company Name CMP
Bharti Airtel 1970.00
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