Airtel Payments Bank Rolls Out Pilot in Andhra, Telangana
After Rajasthan, Airtel Payments Bank has now rolled out pilot services in Andhra Pradesh and Telangana.
"In Andhra Pradesh and Telangana, Airtel Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points," it said in a statement.
This follows the pilot rollout in Rajasthan, where over 1 lakh customers opened savings accounts in less than two weeks of commencement of services, it added. Airtel Payments Bank is the first payments bank in India to go live. Customers opening a savings account with Airtel Payments Bank will get one minute of Airtel mobile talk time for every rupee deposited.
For example, if a customer opens an account with a deposit of Rs 500, then he/she will get 5...