Airtel Payments Bank: Money Transfer Charges and Other Fees

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