Digital Banks War: Airtel vs PayTM vs Kotak 811

There will be an infinity war between the digital banks in India before the Avengers: Infinity Wars hits the theatres in India. It will be digital banks PayTM vs Airtel vs Kotak 811 war. Let’s get into without wasting any time.


Since India went digital there has been many changes that went great. Everything is now linked to your Aadhar Card from your Sim Card to Pan Card. Leaving the cards aside, even the banks went digital in India.

I am here reviewing these digital banks up to an extent that you can get an idea about if you really need it if so which one to opt for. These are three digital banks, I’m going to discuss.

  1. Airtel Payments Bank
  2. PayTM Payments Bank
  3. Kotak | 811


Airtel Payments Bank:

We all know about Bharti Airtel. It is one of the leading telecom operators in India. In a meanwhile, they first introduced the wallet and then moved to Airtel Payments Bank. To open an account, you simply need your Aadhar Card and your biometric data to verify. After this, your account will be opened. However, Pan Card is a must for the one who is planning to do transactions exceeding 50,000. Let’s keep all this aside and take a look at its features.

  • Exciting Cash Back offers on Recharges did through Airtel Payments Bank
  • Your Airtel Phone Number is your account number
  • Earn 5.5% p.a interest on your savings
  • The instant opening of the account
  • Send Money to friends and family easily
  • Withdraw or deposit cash to your Airtel Payments Bank from their thousands of banking points
  • Charges for Airtel Payment Bank are given here.

PayTM Payments Bank

Recently PayTM introduced its payment bank. It was an Electronic Wallet before arriving of Payment Bank. However, there is just an addition of Bank in newer app update and the electronic wallet remains and works as same as usual. The bank account number is alotted with your registered phone number on PayTM except you need to add 91 at the beginning.
For example, your phone number is 9876543210 so the PayTM bank account number will be 919876543210.
Note: KYC is required to use even the wallet. You can neither send money nor receive without KYC
Let’s take a look at what PayTM Payments Bank has to offer:
  • No account Fee or Charges
  • 4% p.a Interest paid every month
  • Real-Time Passbook
  • Risk-free deposit as they only deposit in government bonds.
  • RuPay Physical Debit Card which works everywhere in India @ ₹125
  • Up to 3 withdrawal limit in a month.
  • Charges for transfer of money are given here. However, UPI, NEFT, IMPS remains free of charges.

Kotak 811 | Bank

 Coming into the competition, Kotak decided to join too. A new digital bank but they claims to be the first Downloadable Account for a particular reason. They also happen to be giving the interest rate p.a, the highest among all digital banks above. Let me give you some features of it too.
  • Almost open the account instantly just by Aadhar and Pan Card along with biometric for KYC.
  • Zero Balance account that means no maintenance of balances.
  • Scan & Pay within the App.
  • 6% Interest p.a.
  • Visa – Virtual and Physical Debit Card which will work almost internationally as Visa is widely accepted around the world. @ ₹200
  • Safe and secure.
  • Visit nearby Mahindra Bank to deposit the amount in your digital bank.
Thanks for reading, sharing is caring. Share it with your friends and family. Drop the Digital bank you currently have an account in the comment box below so I can see which bank you choose!

4 thoughts on “Digital Banks War: Airtel vs PayTM vs Kotak 811”

  1. Pingback: Top Zero Balance Saving Accounts | Emad's Blog - A Personal Tech Blog

  2. Pingback: PayTM First Credit Card Review: How To Apply? | Emad's Blog

  3. Hi,
    Your article is very beautiful and filled with information. Through the information you have provided, I have learned a lot about Digital Banks War. So thank you so much for sharing such important information.

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