How much interest rate will be offer by Airtel Payments Bank on savings accounts deposits?

How much interest rate will be offer by Airtel Payments Bank on savings accounts deposits?
[A]7.25%
[B]7.50%
[C]7.75%
[D]7.52%

7.25%
Recently, the Airtel Payments Bank has officially launched its nationwide operations in all 29 states of India. It is the India’s first payments bank and is a fully-digital and paper-free bank . In it, the accounts will be opened by using e-KYC for which customers’ Aadhar number will be required. The bank is offering a 7.25% interest rate on savings accounts deposits and free personal accidental insurance cover of Rs. 1 Lac on every saving account. One can access the banking services by installing MyAirtel app on their smartphone or by registering online through Airtel site.

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This question "How much interest rate will be offer by Airtel Payments Bank on savings accounts deposits?" was published on GKToday on January 15, 2017 at 11:40 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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