Airtel Payments Bank has launched the Safe Second Account, a new initiative designed to protect customers’ primary savings while enabling secure everyday digital transactions. With the rise of digital payments, risks such as phishing, SIM swaps, fake apps, and unauthorized transactions have increased. To mitigate these risks, the Safe Second Account allows customers to use Airtel Payments Bank as a secondary account for daily spending, keeping their main savings shielded from potential fraud.
The Safe Second Account offers several key benefits, including instant account opening via the Airtel Thanks app, interest up to 6.5%, no minimum balance requirement, seamless UPI integration, and an eco-friendly debit card with benefits up to Rs. 15,000. Additionally, the account includes a full suite of bill payment and recharge options.
To ensure security, the Safe Second Account features multiple safeguards against digital fraud, including a fraud alarm that instantly blocks suspicious activity, a sleep mode that pauses the account when not in use, AI-driven face match to detect high-risk transactions, and daily transaction limits with real-time alerts.
The Safe Second Account is available to all customer segments with no entry barriers and can be opened digitally through the banking section of the Airtel Thanks App. According to Anubrata Biswas, MD & CEO of Airtel Payments Bank, the Safe Second Account promotes a simple yet powerful habit of separating everyday transaction funds from core savings, which can help consumers embrace digital transactions more securely.
The launch of the Safe Second Account is a significant step towards promoting safe banking in India. By providing a secure and convenient way for customers to manage their daily transactions, Airtel Payments Bank aims to shape the future of digital payments in the country. With its robust security features and user-friendly interface, the Safe Second Account is an attractive option for customers looking to protect their savings while enjoying the benefits of digital payments.