Axis Bank joins Airtel to offer financial services on your mobile phones
These accounts will provide convenient, safe and secure savings avenue to Financial Inclusion customers’ paying them savings account interest and also enabling them to make remittances.
The savings and remittance solutions will first be provided in the top four remittance corridors involving Delhi and Mumbai on the sending side and Bihar and East UP on the receiving side. Later these services will be extended to other remittance corridors in the country. Gradually other banking products and services like micro Recurring Deposits, micro Fixed Deposits, small loans and micro-insurance products will also be provided through this platform.
- A no-frills account of Axis Bank on the Airtel Money platform
- Cash Deposit / Withdrawal from authorised ‘airtel money – Axis Bank’ outlets
- Remittance of funds to other ‘airtel money Super Accounts’
- Remittance to other bank accounts through NEFT (to be enabled soon)
- Savings bank interest on balances