Holding an account in the Airtel Payment Bank? Well, you have good news then. The Airtel Payments Bank has collaborated with the Hindustan Petroleum Corporation Limited (HPCL). Now you can make transactions easily while fueling your motor vehicles in the petrol pumps.
To make the system more digitized, the APB also entails you to make cashless payments in the fuel stations using the MyAirtel App on your smartphones or through Unstructured Supplementary Service Data (USSD) mode on your feature phones, without any extra charge.
The APB has currently 300000 retail outlets as banking points, and this recent tie up with HPCL in over 14000 petrol stations has tremendously expanded its reach to customers all over.
“We are, in particular, pleased to have these fuel outlets as our banking points. We are confident that this partnership will add to the growth of digital payments in the country and contribute to the Government’s Digital India vision,” MD and CEO of Airtel Payments Bank, Shashi Arora, said in a statement.
With the opening of the ATM services in the HPCL fuel stations, you can carry out even the basic banking procedures, like opening new accounts, withdrawing/depositing and transferring cash.
If you are new to the Airtel Payments Bank, it would help you to create an account using your Aadhaar based e-KYC, which is a fully paperless method. This would set your mobile number as your bank account number. After the verification process is completed, you would be offered with an interest rate of 7.25 percent in your savings account for cash deposits, while simultaneously taking charge of your security with 1 lac free personal accidental insurance. You will be authorized to transfer money into any bank account across India, however, if you wish to pay within Airtel-to-Airtel numbers, it would cost you zero charges.
The Executive director-retail at HPCL, GSV Prasad, also shared his happiness over the new partnership with APB. “We are pleased to join hands with Airtel Payments Bank to promote digital payments in the country and contribute to the government’s digital India endeavor. Customer visiting our outlets will now be able to pay seamlessly for fuel purchases and will also be able to enjoy the added convenience of banking with Airtel Payments Bank. We are confident our customers will benefit significantly with this unique association.”
Despite that, for those of you who fear using your mobile phones in the petrol stations, leaning onto some rumored myths, you are hereby assured that it is very much safe and no harm would be generated in any way if you use your electronic devices in the fuel outlets. (Read more here)