Most people have realised the significance of digital banks. In today’s time, when people have found a balance with a hybrid way of working, such a system makes more and more sense. For instance, if you are running late for a team meeting, you don’t want to be caught in one of those long queues at the bank when you can manage your finances through your smartphone now, would you? So, while digital banks are starting to gain acceptance, here’s what you need to consider before choosing one.

1. High-end security

People often question the efficacy of security when it comes to anything digital. And it is a valid ask since this is a matter of their hard-earned money. So, this aspect needs to be contemplated before one chooses a digital bank. A person must see how many layers of security are available for them in such a system. For example, Airtel Payments Bank offers a feature called 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. Speed and convenience

One of the biggest reasons that make people frown at the thought of physically going to the bank is the total waste of time and energy the process could entail. Convenience is one of the biggest plusses of using a digital bank for money management. With Airtel Payments Bank, one can open an account through a video call verification process. Also, people can manage all their transactions and other monetary functions through the Airtel Thanks App. There is absolutely no need to download multiple apps for varied monetary transactions.

3. Rewarding system

It helps when a bank also backs people through a consistent rewards mechanism, encouraging them to move their money sensibly. The Airtel Payments Bank offers exclusive rewards on payments, shopping benefits, and so much more with Rewards123 program.
Rewards123 program is a consistent reward program where you earn attractive cashbacks on every transaction. With such a mechanism in place, banking has turned into a rewarding experience.
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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 invest in 24K gold via the Airtel Thanks App and even use this choice as a gifting option.
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Furthermore, it offers
6% interest on your savings account which is usually higher than any Fixed Deposit. So your savings can earn attractive interest and it can add great value to your investment 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.