Airtel Payments Bank will be charging 0.65 percent fee on cash withdrawals but will not levy any processing charge on digital transaction from January 2017 for encouraging cashless payments.

It has said in a statement that “in order to discourage cash withdrawals from Airtel Payments Bank accounts, a minimal cash withdrawal free (0.65 percent per transaction)  will be levied , thereby, encouraging customers to prefer digital payments for transactions.”

It has said that “Airtel Payments Bank will not charge any processing fee from its customers and merchants partners for digital transactions. The benefit of no added/hidden costs, will encourage both merchants and customers alike to adopt cashless payments.”

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