From coffee to cab, there are tonnes of online payments carried out from our bank accounts. Instead of exposing your savings account during all these daily transactions, it is wiser to open a safe second account. This way, you can keep your main account (and savings) safe and use the secondary account for everyday spending.
And when it comes to choosing a safe second account, Airtel Payments Bank often tops the list. As India’s first payment bank, it offers a 100% digital process to open an account with zero-balance requirements and regular interest earnings. Let’s understand in detail why you should consider choosing the Airtel Payments Bank savings account.
Why Open an Airtel Payments Bank Savings Account?
- Protect your main account savings
When you use your primary savings account for every small payment, UPI transfer, OTT recharge, or shopping order, you expose it to more risk. Instead, you can use a safe second account for these day-to-day payments. Since it holds only a limited amount of money for transactions, the impact is restricted and your savings remain untouched.
- Declutter your monthly finances
With multiple online payments happening each day, it can become hard to track where your money is going. By the end of month, all you see are random debits. Having a safe second account for daily transactions like recharges, online orders etc. allows you to reserve your savings account for investments, rent, and EMIs.
- Budget for your routine expenses
Beyond safety of your savings and streamlining your expenses, a second savings account also helps to improve your money management. You can add a fixed amount of money, think of it as your monthly spending limit, to your Airtel Payments Bank savings account. Then, use this amount for daily expenses throughout the month.
- Benefit from safe online banking
With Airtel Payments Bank, you can also take advantage of safe online banking features like Safe Pay and Fraud Alarm. Safe Pay acts as a third-factor authentication for all your online payments, whereas Fraud Alarm stops suspicious transactions with a single swipe. These features come in-built in the Airtel Thanks app.
- Earn higher rates of interest
Airtel Payments Bank offers interest of up to 7% p.a. to its savings account holders on balances over ₹1 lakh and under ₹2 lakh. This is more than what most traditional banks offer, making it one of the best digital bank accounts in India. You can use the monthly interest earnings to splurge on yourself.
Key Takeaways
In a digital-first world, separating your savings from your daily spends is one of the easiest ways to stay secure, avoid fraud, and manage money better. By opening an Airtel Payments Bank savings account, you can not only protect your main account but also declutter your financial statement. And enjoy 100% digital banking and higher rates of interest!
So, vow to keep your main account safe and open a safe second account today with Airtel Payments Bank.
Open a Safe Second Account with Airtel Payments Bank
