How to Deposit Using Airtel Money
Airtel Money is a mobile financial service that allows customers of Bharti Airtel, one of India’s largest telecom operators, to carry out various banking transactions using their mobile phone. It was launched in 2012 and has since become a popular payment method for millions of people across the country. In this article, we will guide you through the process of depositing money into your bank account or wallet using Airtel Money.
What is wasafi-betonline Airtel Money?
Airtel Money is an integrated mobile banking platform that allows customers to perform various financial transactions such as deposits, withdrawals, transfers, and bill payments. It offers a range of benefits including cashless transactions, reduced reliance on cash, and enhanced security features. To use the service, you need to have an Airtel SIM card with sufficient balance.
Requirements for Depositing Using Airtel Money
Before depositing money using Airtel Money, ensure that:
- You have a valid Airtel SIM card.
- Your mobile phone is registered on the Airtel network.
- You have sufficient balance in your main account (for recharge and usage).
- The recipient’s bank account is linked to their name, PAN number, or Aadhaar Number.
Deposit Using Airtel Money: Steps
Here are the steps involved in depositing money using Airtel Money:
- Open Airtel Money mobile application on your phone and log in with your registered SIM card details.
- Select the option “Transfer” from the main menu to initiate a transfer.
- Select “Bank Account” as the recipient type if you want to deposit money into your bank account. Choose “Wallet” for transferring funds into a wallet, or select any of your saved beneficiaries in the list that appears when you enter their mobile number. For transferring to another Airtel Money user, tap on ‘Contacts’ from within ‘Transfer’, then choose ‘Saved Beneficiaries’. If not already saved, follow these steps: Tap on “Add Contact” Enter recipient’s mobile number Save contact (beneficiary is now registered) Then continue with your transfer.
- Choose the bank account or wallet you wish to deposit money into and select an amount from your Airtel Money balance. You can also choose ‘Other’ for transferring funds manually.
- A new dialogue box will appear on screen displaying a UTR (Unique Transaction Reference) number, transaction charges, and the name of the recipient bank. Review these details carefully before proceeding. If you are unsure about any of them please navigate out from this step and check with an Airtel customer service agent or go back to select different recipients.
- Confirm your intention by selecting “Proceed” button to complete your transaction
Charges Associated with Depositing Using Airtel Money
When using Airtel Money for depositing money, you might incur some charges depending on the services used. These can include:
- Transaction fee (1-2% of amount transferred).
- Banking fees associated with the recipient bank (as applicable).
It’s always a good practice to verify these charges before initiating your transaction.
Security and Safety Measures
Airtel Money has implemented robust security measures to protect users’ money. These include:
- 4-Digit MPIN (Mobile PIN)
- Certificate Pin (2-digit code on the SIM card package provided during activation or obtained through self-service options)
In case you forget your 4 Digit password, contact Airtel support to get help with retrieving it.
Conclusion
With over millions of subscribers across India using these services for their daily needs like cashless transactions and reduced reliance on actual bank visits. This means that they can enjoy greater convenience as well as flexibility while doing their banking tasks.
Airtel Money offers numerous benefits, including a quick payment system that doesn’t require you to queue up outside banks or stand in long lines at ATMs for simple transactions like deposits into your bank account or digital wallets – reducing reliance on paper currency thus making every day more efficient for everyone involved!