CURRENT AFFAIRS

Detailed explanation-1: -Digital Savings Account. Adds another variant to its flagship Rewards123 account to offer value to its premium customers.

Detailed explanation-2: -Rewards123 - Simple, Secure, and Rewarding | Airtel Payments Bank.

Detailed explanation-3: -The first of its kind in India, Airtel Payments Bank is a one-stop solution to several traditional banking problems, such as endless queues or lengthy procedures to open a savings account. With Airtel Payments Bank, opening a savings account is a paperless process which takes only a few minutes.

Detailed explanation-4: -Bharti Airtel’s banking venture Airtel Payments Bank was launched in January 2017, by Bharti Airtel, India’s largest telecom provider, to support the cashless revolution promised by the Government of India.

Detailed explanation-5: -Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016.