Bharti Airtel’s arm to offer increased interest rate of 6% on deposits of over Rs 1 lakh

04 May 2021

Bharti Airtel’s subsidiary -- Airtel Payments Bank is planning to offer an increased interest rate of 6 per cent per annum on savings account deposit of over Rs 1 lakh. The move follows Airtel Payments Bank becoming the first payments bank to implement an enhanced day-end savings limit of Rs 2 lakh. Airtel Payments Bank has over 5.5 crore engaged users across its operations. The interest rate is at 2.5 per cent per annum for a deposit up to Rs 1 lakh.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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