• The Airtel Payments Bank has launched ‘Suraksha Salary Account’, designed specifically for Micro, Small and Medium Enterprises (MSME).
• With Suraksha Salary Account, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees.

Some features of the account include:

• The account has no minimum balance condition.
• Account holders will be able to make cash withdrawals, deposits and transfer money at Airtel Payments Bank’s 500,000 banking points across India.
• There are no charges on cash withdrawals of up to Rs 50,000 and deposits of up to Rs 20,000 in one month.
• The account offers benefits such as Hospicash Insurance and personal accidental insurance cover.
• This means in the event of hospitalization the account holder will get fixed cover of Rs 400/day up to a maximum of 10 days.
• The account holder will also get free group accidental cover of Rs 1 lakh.