There are many airtel subscribers who have become the customers of Airtel Payment Banks. Meanwhile, they have found out that this bank charges heavy fees for the money transfer to another bank account. There are other types of charges as well. In this article, I have listed the various charges of Airtel Payments bank. Note, I have taken these charges from the website of the payment bank on 24 September 2018.
List of Payment Banks in India and their Headquarters
Money Transfer Charges From Airtel Payment Bank
Following are the money transfer charges of Airtel Payment bank through Internet banking, Mobile App & USSD
Within Airtel Payments Bank – FREE
From Airtel Payments Bank to another Bank – 1% of the amount transferred
Did you notice the charge of 1% for fund transfer to another bank? It would mean that for the fund transfer of ₹1,00,000, the bank would charge hefty ₹1000. Compare it with UPI Payment system which is free up to ₹1 lakh. So Airtel Payment Bank customers beware, never ever use IMPS, USSD and mobile app of the Airtel Payment bank to make transfers.
=> Note, if you use the NEFT the charges would be as prescribed by the RBI. So, If required use the NEFT for making payment from the Airtel Payment Bank.
Cash Withdrawal Charges
- Up to ₹25000 in a month – Free
- Beyond ₹25000 in a month- 0.65% of the withdrawal amount
Like other Banks, the Airtel Payments Bank also charges fees for the cash withdrawal. But in this case, the limit is lower. The cash withdrawal charges start if you withdraw more than 25 thousand in a month. So if you withdraw ₹1 lakh in a month. the 75,000 amount would be chargeable. The fees on this amount would be ₹487.5.
=> Note, you can’t withdraw more than ₹25 thousand in a single transaction.
Useful: Airtel Payments Bank Customer Care and Toll-free Helpline
Domestic Remittance Charges of Airtel Payment Bank
- Domestic Remittance Charge – ₹5 per one 1,000 (Inclusive of taxes)
The Airtel Payment Bank also gives the domestic remittance service. By using this service one can transfer the amount without using the bank account. You can transfer maximum ₹25,000 using this channel. The remittance fees for ₹25000 would be ₹125.
-
From (Rs)
To (Rs)
Charges (Rs)
10
1000
5
1001
2000
10
2001
3000
15
3001
4000
20
4001
5000
25
5001
6000
30
6001
7000
35
7001
8000
40
8001
9000
45
9001
10000
50
10001
11000
55
11001
12000
60
12001
13000
65
13001
14000
70
14001
15000
75
15001
16000
80
16001
17000
85
17001
18000
90
18001
19000
95
19001
20000
100
20001
21000
105
21001
22000
110
22001
23000
115
23001
24000
120
24001
25000
125
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