Airtel Payments Bank Limited

Airtel Payments Bank is created to fulfil the customers’ needs instantly and being a largest mobile service provider has created impact in the banking sector. We believe in serving the people and offering various solutions to the banking concerns in India like Account Services, Money transfers, Shopping, Prepaid and Post-paid, Bills Payment, Insurance and Loans and others.

Factsheet of Airtel Payments Bank Limited

Bank Name	Airtel Payments Bank Limited
Founded in	Jan. 1, 2017
Promoters/founders	Shri Anubrata Biswas
Headquarter Address	Airtel Payments Bank Tower A, Plot No 16 Udyog Vihar Industrial Area Phase 4 Gurugram--122015 Haryana
Employee's	950
Type of Bank	Payments Bank
Official Website	https://www.airtel.in/bank/
Customer Care Number	For Airtel Customers 400, For Other operators: 8800688006 (Standard calling rates apply).

History of Airtel Payments Bank

The Airtel Payments Bank is one of the greatest bank with its headquarters in Newdelhi and founded five years ago in 2017. It is also granted the Scheduled Bank status. Its revenue worth is INR 627 Crores.

Airtel Payments Bank launched the UPI armed digital payment technologies to encourage the digital payments platforms in India and they do the transfers of various amounts. We became the first establishment to procure the license of banking from the apex banking body known as the Reserve Bank of India.

Mr. Anubrata Biswas is the MD and CEO of the institution and it is the household name in mobile service and banking systems as well.

The Airtel Payments Bank is subsidiary of Bharti Airtel India Limited.

Banking Services offered by Airtel Payments Bank

Various banking services are offered by the Airtel Payments Bank and given below as follows:

Prepaid.
Safe Pay.
Postpaid.
Rewards 123.
Utility Payments.
Recharge DTH.
Airtel Recharges.
Savings Account.
Cash withdrawals.
Atal Pension Yojana.
Airtel Money Wallets.
Insurance Premiums.
Book Bus and Train tickets.
Making Digital Payments to Merchants

Legal Challenges faced by Airtel Payments Bank

The Airtel Payments Bank has faced various legal challenges like:

LPG gas account and other account of the customers were getting easily accessed and information poaching was taking place.
Unique Identification Authority of India (UIDAI) temporary blocked Bharti Airtel and the Airtel Payments Bank license on 16 December 2017 after customer raised issues that many accounts were opened without their permission.

Loans and credit facilities provided by Airtel Payments Bank

There are various loans and credit facilities offered by the Airtel Payments Bank are:

Disbursements.
Cash Management Solutions.
Loan management Solutions.

Awards and Recognition

Asian Banker Risk Management Award 2018.
AMAI 7th India Digital Awards for Money Transfer Program 2017.

Airtel Payments Bank Limited has 1 IFSC connected branches in India. Bank has branches in following states: