Airtel Payments Bank offers 6 per cent per annum interest on deposits of over Rs 100,000

According to Airtel Payments Bank, its customers will get an increased interest rate of 6 per cent per annum on savings account deposit of over Rs 100,000.

The move follows Airtel Payments Bank becoming the first payments bank to implement an enhanced day-end savings limit of Rs 200,000, as per the Reserve Bank of India (RBI) guidelines, the company said.

Airtel Payments Bank has over 55 million engaged users across its operations.