Here is the screenshot of the email received way 9th Apr, 2023 informing the existing users about the debit card charges and conditions that have to be met for the charge waiver.
I also think that it’s not fair as the initial promise was that there are no charges on the account. Hope that the zero balance is not removed anytime soon.
Does Fi also charge for the virtual debit card? I know that Paytm Payments Bank charges only for its physical debit card.
Also can someone help me understand why charge for a virtual card. Are the expenses the same as a physical debit card for the bank?
Airtel Payments Bank started charging for everything - for bank account, for SMS, for Debit card, etc. I got fed up and have closed it. It’s not about paying the amount, they just wanted more money and there was no equivalent service. Also they had Rewards123 subscription service as well. I wonder how they make more money now. Maybe I haven’t understood their business… - Airtel Payments Bank revenue grows 41% to Rs 400 crore | Business News - The Indian Express.