Doing the right thing at the right time and reaping the fruits, may well become a reality for Bharti Airtel – which announced the launch of the first payments bank (Airtel Payments Bank Ltd) as a pilot in Rajasthan on Wednesday.
To begin with, the pilot project will run in 10,000 Airtel retail outlets in Rajasthan where customers will be offered an interest rate of 7.25 per cent on deposits in savings account.
Airtel Payments Bank is the first one to launch the services out of the 11 companies that got licenses from the Reserve Bank last year. According to analysts, such a move can be a win-win for the company after the Centre’s demonetisation move.
Payments banks can accept a restricted deposit that is currently limited to ₹1 lakh per customer account, and cannot issue loans and credit cards, as per RBI. Both current account and savings accounts can be operated by such banks.
— source thehindubusinessline.com
Thats why Modi and BJP saying everything is well planed. They planed everything more than one year. But that is not based on people. Not ignoring people. If your car hit on a dog, you feel sorry. Similarly Modi is feels sorry.