Airtel wallet /payments bank service charges :AMC, SMS charges etc.
| Transfer | Charges (Rs.) |
|---|---|
| Wallet to wallet | 0 |
| Wallet(Full KYC Only) to bank | 3% |
Wallet Maintenance Charges:
1) If you have Min KYC Airtel Money Wallet and have not transacted for 6 calendar months Airtel Payments Bank is entitled to levy a wallet maintenance fee of Rs20 and deduct it from your existing Wallet Balance.
2) If you have Min KYC Airtel Money Wallet and have not transacted for 7th ,8th ,9th ,10th ,11th calendar months Airtel Payments Bank is entitled to levy a wallet maintenance fee of Rs10 and deduct it from your existing Wallet Balance.
3)) If Wallet Balance is less than Wallet Maintenance Charge, then the entire wallet balance will be debited and wallet balance will become zero.
4) If the Wallet Balance is more than Wallet Maintenance Charge, then charges will be debited as per schedule mentioned above.
5) Incase customer initiates atleast one transaction of minimum amt. Rs50 during the month of charging, cashback will be initiated equivalent to the amount charged.
6) For any queries contact [email protected]
7) Wallet Maintenance Cashback will be over and above other cashback.
| Service | Fee/Charges (Rs) |
|---|---|
| Account Opening* | Rs. 50* |
| Annual Subscription Charges^ | Rs.49 + GST |
| Cash Deposit / Load Cash (Internet banking, Mobile App) | Free |
| Cash Deposit / Load Cash (Banking Points) | For amounts Rs.0 – Rs.25,000: Free. Rs.25,000 – Rs.50,000: 0.5% of the deposit amount. Beyond Rs.50,000: 0.75% of the deposit amount |
| Cash Withdrawal | Rs.0 – Rs.10,000 (cumulative transactions per month): Free. Beyond Rs.10,000: 0.65% of withdrawal amount |
| Cardless Cash withdrawal via IMT ( app only) | Self-withdrawal and Send money to Others: Free |
| Cash Withdrawal via AEPS | 2 Transactions/Day(max), 10 Transactions/Month or Rs 50,000 Cash Withdrawal per Month ( Whichever is Minimum), Rs. 10,000 per transaction(Max) |
| Payment for IRCTC Train Booking (via Airtel Thanks App) | 1.8% of the ticket fare (exclusive of GST) |
| Funds Transfer | |
| Within Airtel Payments Bank (Internet banking, Mobile App & USSD) | Free |
| From Airtel Payments Bank to another Bank (Internet banking, Mobile App & USSD)-IMPS | 1.25 % of amount transferred |
| From Airtel Payments Bank to another Bank (Internet banking, Mobile App & USSD) - NEFT | Free |
Minimum amount for first cash deposit is 50, There will be a charge of Rs. 50 (Rs. 100 for the geographies of Kerala, Tamil Nadu, Jammu & Kashmir, Punjab, Haryana, Himachal Pradesh and Ladakh) applicable for Facilitating the opening of Savings Bank Account, under the header “Account Facilitation Charge”. (Account Facilitation Charges and minimum amount for first cash deposit are not applicable for customers opening salary account, Disbursement account, and few other account categories identified internally by the bank based on type of usage) The fee is subject to changes with time and will be updated accordingly. Other charges Here
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Better to downgrade your Airtel PB account to BSBDA and close the wallet completely.
How many BSBDA accounts can one have? Is it restricted to 1/customer?
Tweet & tag airtel, they'll do
Is wallet load thru cc started working??
The only reason I haven't closed my APB account because it's the only option to unload money from my Pockets accounts currently with my Paytm account under credit freeze and full KYC in limbo. Have to put up with the stupid subscription charges.
Annual subscription charge ₹49+gst and imps costs 1.25% of the amount transacted if I transfer ₹10000 they'll charge ₹125 as transaction fee even axis bank won't charge like this. Better close your payment bank asap most of the accounts are opened by retailers without your permission better check it on your airtel app and close it
No other reputed bank has such high charges. Also there is a weird table with charges which goes like 0rs-1rs'0, 2rs-9rs & so on😣. But it's entirely customer decision to open account /stay with them
Weren't these charges already there for quite sometime. Mostly this effects unused wallets. Best is keep your wallets empty.
"Dear Airtel Payments Bank Customer, an annual subscription charge of Rs. 49 + GST (₹58) will be applicable on your Savings Bank A/C wef April'22. If you wish to opt-out, call us at 8800688006."🙄
The one change (drawback!) of opting out of "annual subscription charges" is we no longer receive any cashback/benefits from Airtel Payments Bank. So either we pay ₹58 per year or we don't get any cashback (which may be higher or lower than ₹58). So decide that before opting out.
Are the cashbacks on Airtel Payments Bank that lucrative? I once paid with APPB at a Razorpay transaction which promised cashback but never received it despite satisfying all requirements. I don't trust Airtel one bit. Like Axis Bank, they're a chor organization. I doubt if I will ever get more than ₹60 cashback from them.
Whatever it is ., there should be no subscription plan for a saving bank account
This thread after 22 comments & 930 views be like.. 😂
My fastag is linked to Airtel Payments Bank account. If I opt out will my fastag work?
Got the SMS about the penalty for not using AirTel Wallet.
Anyway to close this AirTel wallet?
Option 1)do any 1 txn now (recharge 10rs/ add 1rs in wallet etc), no charges will be deducted.
Option 2) dm airtel cc in twitter to close account permanently
Came across these weird charges like AMC & inoperative charges & thought of sharing with dimers.