Airtel Payments Bank your Safe Second Account for Daily Transactions

Schedule of Charges - Savings Bank Account

Airtel Payments Bank offers a safe digital account for just INR 200 per year excluding GST, with no hidden fees and no minimum balance required.

Since 1st July 2024, bank has migrated to a new regime of standard charge, by shutting down 2 charges: Account Operation Charges and Annual Subscription Charges & merging these into Account Maintenance Charge. Any pending recovery of old charges will continue for previous financial years.

Account Operation Charges: INR 15 per quarter excl. GST

Annual Subscription Charges: INR 100 per year excl. GST

*Effective 7 August 2025, Monthly and Annual transaction limit for Savings Bank accounts would be categorized by the Bank based on risk assessment of the Customer as per Customer’s profile. These thresholds may be reviewed periodically and may be revised by the Bank as per its internal policies, risk models, and regulatory guidelines.

• Revised Monthly Limit Range(From 7th August 2025): ₹3,00,000 – ₹7,00,000
• Revised Annual Limit Range(From 7th August 2025): ₹9,00,000 – ₹21,00,000

* Minimum amount for first cash deposit is 0, There will be a charge of Rs. 100 applicable for Facilitating the opening of Savings Bank Account, under the header “Account Facilitation Charge”. (Account Facilitation Charges and minimum amount for first cash deposit are not applicable for customers opening salary account, Disbursement account, and few other account categories identified internally by the bank based on type of usage) The fee is subject to changes with time and will be updated accordingly.

Note:

1. Mode of Fund Transfer is IMPS. In case of NEFT, charges are as per RBI guidelines

2. For customers without PAN card, the limit for cash deposit per day is INR 49,999. For customers with PAN card, the limit for cash deposit is INR 49,999 per transaction.

3. Based on user behavior and risk profile of the user , limits to add money / send money may be modified accordingly from time to time.

4. There is no minimum balance to be maintained in savings accounts

5. There are no charges for Debit card usage

6. ** Account Operation Charges

Effective December 10th 2022, Account Operation Charges will be levied at Rs. 15 + 18% GST per quarter for all active savings account holders. If sufficient balance is not maintained in the account, available balance would be levied and subsequently bank will make attempts to recover the remaining amount at regular intervals. Account Operation Charges would cease to exist from 1st July 2024

7. ***SMS Alert Charges

• Effective September 5th 2023, monthly SMS Alert Charges will be levied at Rs. 0.3 + 18% GST per SMS.
• Effective February 1st 2024, the SMS charges (excluding GST) will be capped at INR 100.
• Effective 1st July 2024, Number of free SMSs which are exempted from charging is revised from 10 to 5 implying the charges being levied from July 2024 (for previous month's usage) will be using the new limit.

Effective October 1st 2025,

• Monthly SMS Alert Charges will be levied at Rs. 0.35 + 18% GST per SMS.
• Number of free SMSs which are exempted from charging is revised from 5 to 10
• SMS charges (excluding GST) will be capped at INR 75.
• DBT recipients will no longer be excluded from SMS Charges.

Charges levied from November 2025 (for previous month’s usage) will be as per the above revised changes.

Savings Bank Account- SMS Charges are not applicable for the below categories of customers

a. DBT recipients for the last 12 months (w.e.f. 1 October'2025, this exclusion will no longer be applicable to DBT customers)

b. Salary recipients as per Bank’s policy

c. Internally identified vulnerable segment, if any

d. Basic Savings Bank Deposit Account & Dormant account holder

8. There is an annual credit/debit limit set for all Savings Account holders capped at INR 2 Cr. Service Charges are inclusive of all applicable taxes.

Charges for minor account will remain similar to normal Airtel Payments Bank Savings Bank Account. AMC and SMS charges will be applicable post customer completes one year from the date of account opening.

*with effect from 01 June 2023