Airtel Payments Bank launches Suraksha Salary Account

As India begins to open up following the COVID-19 lockdown, Airtel Payments Bank on

Guwahati: As India begins to open up following the COVID-19 lockdown, Airtel Payments Bank on Tuesday announced the launch of 'Suraksha Salary Account' - an innovative salary account for the Micro, Small and Medium Enterprises (MSME).

India's MSME sector has over 60 Mn units and accounts for 29% of India's GDP. These units employ large number of informal labour force who are not eligible for social and healthcare benefits as part of their salaries. The lack of any financial protection makes them highly vulnerable, particularly in the current times.

Suraksha Salary account has been designed specifically for this consumer cohort. Through this innovative account construct, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees. Suraksha Salary account offers a wide range of benefits including Hospicash Insurance and Personal Accidental insurance cover given the low penetration of insurance in India, stated a press release.

Also watch: Evening Bulletin | 16th June, 2020

MSME

Airtel Payments Bank

COVID-19 Lockdown

Suraksha Salary Account

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