Airtel Payments Bank today announced a new type of savings bank account in its area. The newly launched bank account is called Reward1212. The company says its newly launched savings account is designed to offer consistent value, with guaranteed rewards in a variety of digital transactions throughout the year.
Airtel Payments Bank states that its Rewards123 savings bank account will provide maximum benefits to users with an annual turnover of ₹ 960. In addition, users will receive a 1% refund when they upload ₹ 1,000 per UPI to their account. Users will receive more than ₹ 10 per month as part of this benefit.
In addition, users will receive a 2% refund of online stores worth ₹ 1,000 or more using the platinum debit card that comes with the account. Users will receive more than ₹ 40 per month as part of this program. Finally, users will be reimbursed ₹ 30 monthly refunds for prepaid, paid back, broadband, landline, and DTH payments. Other benefits include a very low balance, a free online Mastercard debit card and unlimited deposits with a sweep.
Users can open or upgrade to Rewards123 savings account using the company Airtel Thanks app. Users will need to make Video KYC to expand their Airtel Payments Bank accounts. The company says the process can be completed within a few minutes of the app from anywhere in the country. Users who opt for Rewards123 savings account will have to pay an annual fee of ₹ 299 to receive the benefits offered by this savings account.