digital bank: 5 things you need to know before opting for a digital bank


Most individuals have realised the importance of digital banks. In in the present day’s time, when folks have discovered a steadiness with a hybrid manner of working, such a system makes increasingly more sense. For example, if you’re working late for a staff assembly, you don’t wish to be caught in a type of lengthy queues on the financial institution when you may handle your funds by way of your smartphone now, would you? So, whereas digital banks are beginning to acquire acceptance, right here’s what you’ll want to contemplate earlier than selecting one.

1. Excessive-end safety

Individuals usually query the efficacy of safety on the subject of something digital. And it’s a legitimate ask since this can be a matter of their hard-earned cash. So, this side must be contemplated earlier than one chooses a digital bank. An individual should see what number of layers of safety can be found for them in such a system. For instance, Airtel Funds Financial institution presents a characteristic known as the ‘
Airtel Safe Pay
’, an additional layer of security where no money leaves your account without your explicit consent.. Customers are sent real-time alerts through the Airtel Network Intelligence, along with an additional factor of authentication.
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2. Pace and comfort

One of many largest causes that make folks frown on the considered bodily going to the financial institution is the entire waste of time and vitality the method might entail. Comfort is among the largest plusses of utilizing a digital financial institution for cash administration. With Airtel Funds Financial institution, one can open an account by way of a video name verification course of. Additionally, folks can handle all their transactions and different financial capabilities by way of the Airtel Thanks App. There may be completely no must obtain a number of apps for diverse financial transactions.

3. Rewarding system

It helps when a financial institution additionally backs folks by way of a constant rewards mechanism, encouraging them to maneuver their cash sensibly. The Airtel Funds Financial institution presents unique rewards on funds, purchasing advantages, and a lot extra with Rewards123 program.
Rewards123 program is a constant reward program the place you earn enticing cashbacks on each transaction. With such a mechanism in place, banking has changed into a rewarding expertise.
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4. Lucrative investment options

More than just a way to hold money or transact on a day to day basis, one also needs to see a suite of financial services that a digital bank offers. The Airtel Payments Bank empowers its customers to make investments in gold through a digital platform –
DigiGold. Account-holders can spend money on 24K gold by way of the Airtel Thanks App and even use this alternative as a gifting possibility.
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Moreover, it presents
6% interest in your financial savings account which is often increased than any Fastened Deposit. So your financial savings can earn enticing curiosity and it could possibly add nice worth to your funding portfolio.
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5. Utility payments

Daily utilities and their payments should be a convenient experience. And Airtel Payments Bank has their consumers’ back every step of the way. Be it train, air, cab bookings, all of this can be done through the utility payments service without any extra charges.

Digital banks have turned into a way of life, and while it is easy just to opt for them because of the convenience, one should consider all the aforementioned factors and do a thorough recce. Airtel Payments Bank offers a suite of services to ease money management with security.

Explore the digital way to manage money with Airtel Payments Bank.



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digital bank: 5 things you need to know before opting for a digital bank

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