Airtel Payments Bank Increases Day-End Balance Limit To Rs 2 Lakh

Airtel Payments Bank has elevated its day-end account steadiness restrict for patrons from Rs 1 lakh to Rs 2 lakh, turning into the primary funds financial institution within the nation to take action. According to an announcement shared by Airtel, the transfer is in keeping with the rule of thumb from the Reserve Bank of India (RBI). Airtel Payments Bank is now the primary funds financial institution within the nation to allow an quantity of Rs 2 lakh of day-end account steadiness restrict. With this step, prospects having an account with the Airtel Payments Bank will have the ability to save extra with the elevated restrict. 

According to the assertion, the financial institution deposits are insured beneath the Deposit Insurance and Credit Guarantee Corporation or DICGC, which is an entirely owned subsidiary of the Reserve Bank of India.