A #Payments bank is a bank where you can deposit money, earn interest on it, use it for remittance services, Payments, transfer, net-banking and third party transfer. However, Payments banks cannot give out loans, issue credit cards. The maximum amount deposit is capped at Rs. 1 lakh.
Then the page takes you o register your PAN details, annual income and profession
Convinience come with some charges –
1. Withdrawal charges for customers have to pay Rs5-25 for withdrawal of Rs10 to Rs4,000
2. Customers have to pay 0.65% of the withdrawal amount above Rs4,000, for withdrawing Rs. 10,000, customer needs to pay Rs. 65.
3. Digital transfer of money from Airtel Bank to other bank will charge 0.5%