Airtel Payments Bank launches ‘Rewards123’ digital savings account with zero minimum balance. According to Airtel, the Rewards123 account is designed to offer consistent value, with assured rewards on different types of digital transactions throughout the year. The new savings bank account gives multiple benefits to users with annual earnings of up to ₹960.
Customers can easily open or upgrade to Rewards123 through the Airtel Thanks app using Video KYC. The process is simple and can be completed through the app from anywhere in India. Customers can get Rewards123 at an annual fee of ₹299 and can also avail of a free Platinum online Mastercard debit card and unlimited deposits with Auto-sweep Facility.
Rewards123 Digital Savings Account Features
- 100% online – No need to visit the bank of Kiosk
- 1% cashback – Get assured cashback when you load ₹1,000 through UPI in your Rewards123 account. The maximum cashback is ₹10 per month.
- 2% cashback on online shopping of ₹1000 or more using the platinum debit card which comes with the account. The maximum of ₹40 per month.
- Flat ₹30 cashback per month on payments for prepaid recharges, post-paid, broadband, landline, and DTH bill payments.
“This is India’s only bank account that offers regular rewards every month to customers on digital transactions. This innovation is an important addition to our neo-banking proposition of simple, secure, and value-driven solutions, and will further India’s mission of digital inclusion”, said Anubrata Biswas, MD, and CEO of Airtel Payments Bank.