Question no 2905 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 77

SSC CGL Tier 1 :: GA Test 77

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1 .

How much interest rate will be offered by Airtel Payments Bank on savings accounts deposits?

[ A ] 7.25%
[ B ] 7.50%
[ C ] 7.75%
[ D ] 7.52%

Answer : Option A

Explanation :

Recently, the Airtel Payments Bank has officially launched its nationwide operations in all 29 states of India. It is the India's first payments bank and is a fully-digital and paper-free bank. In it, the accounts will be opened by using e-KYC for which customers' Aadhar number will be required. The bank is offering a 7.25% interest rate on savings accounts deposits and free personal accidental insurance cover of Rs. 1 Lac on every saving account. One can access the banking services by installing MyAirtel app on their smartphone or by registering online through Airtel site

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