Airtel money in simple words, is a mobile wallet. You can "load cash" on your mobile and use it to send money or spend on just about anything - from wherever you are, in the touch of a button. Airtel money has various advantages. Some of the major advantages of Airtel money are;
Convenience: The foremost advantage is Money can be transferred to ANYONE, from Anywhere, in anytime
Freedom: Secondly, NO CASH handling is required, and it also avoids the long QUEUES we face in bank
Best Value: Exclusive Airtel offers are given to customers who use this facility. That in turn gives the customer a great value for money
Safety: Lastly, the customer need not worry about the safety issues involved in the transaction. It is secured by a 4 digit mPIN
Types of Accounts and its Facilities There are two types of accounts, They are :
1. Express Account:
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Spending : Utilities (airtel, electricity, air & rail tickets)
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Sending : not allowed
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Daily limit: Rs. 10,000
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Registration: Dial* 400# OR visit www.airtelmoney.in
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Time Taken: Instant
2. Power Account:
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Spending: All merchants (utilities, movies, shopping, restaurants etc.)
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Sending: Airtel money numbers, bank accounts (NEFT / MMID)
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Daily limit: Rs. 50, 000
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Registration: Authorized Airtel money outlet (form+photo+documents)
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Time Taken: 7 days (until then all express account services are active)
About the Author
G.Prashanth Rao is currently the Head of buisness development at OYO.