Indian Global Telecommunications Services
“Airtel” has launched India's first payments bank to cater to
the needs of small savings accounts, remittance services, low income
households, small businesses and other unorganised sector entities. The
telecommunications firm rolled its pilot banking services in Rajasthan. Airtel
Payments Bank a subsidiary of Bharti Airtel will offer an interest rate of
7.25% yearly on deposits in savings accounts.