How separate accounts could protect your savings from digital fraud

Pull out your bank statement: Does it look less like a record of your savings and more like a messy receipt, dotted with transactions ranging from your morning coffee, grocery runs, online subscriptions, and cab fares? You’re not alone.

The convenience of digital payments has led many of us to use our main bank account for all our spending and savings. While it seems easy and convenient, this practice is a risky move that blurs the line between your hard-earned wealth and your daily spending, leaving your entire financial life vulnerable to fraud and overspending.

Create a financial firewall

A smarter and safer approach is to create a clear separation between accounts you use for your savings and your daily spending. This simple step protects your savings by limiting potential risk to only the funds you have designated for everyday spends.

This is where a safe second account from Airtel Payments Bank steps in to make a difference. A digital account with Airtel Payments Bank offers a layer of protection by keeping your main bank account separate from daily transactions. With a transaction limit of Rs. 1 lakh per day, your primary savings remain untouched, reducing exposure to fraud.

A proactive approach to safety

Airtel Payments Bank’s safe second account has been created keeping your digital safety in mind. It offers a suite of advanced security features that add a layer of protection to your daily banking. Some features include:

• Fraud Alarm: With this feature, you can report suspicious activity with a single swipe. It instantly blocks your account, deactivates your mPIN, and alerts a dedicated fraud management team to assist you.
• Sleep Mode: This feature lets you temporarily deactivate your account when it is not in use - during a vacation, or when you want to reduce security risks. Credits, however, continue as usual.
• Manage Limits: Take control of your finances by setting daily transaction limits across online, debit card, UPI, and contactless payments to prevent unauthorised large purchases and curb impulse spending.
• Airtel Safe Pay: Airtel Safe Pay adds an extra verification step before processing transactions, ensuring an additional layer of security.

Additional benefits

Beyond its core security features, a safe second account with Airtel Payments Bank offers a wide range of benefits that integrate seamlessly into your life.

• The entire process of opening a zero-balance account is paperless and can be done from the comfort of your home in minutes.
• You get an NCMC-enabled card, a single card for all your travel and shopping needs. With its highly secured EMV chip-protection, this card can be used for all your payments for buses, metro, at malls, e-commerce outlets, or for ticket bookings and more.
• Your Airtel Payments Bank account also allows you to buy a new FASTag or recharge an existing one directly from your Airtel Thanks app.
• You can also handle a wide range of online and offline bill payments, phone recharges, and OTT subscriptions through the Airtel Thanks app, enjoying exclusive offers and cashbacks.

In a world where digital convenience is non-negotiable, having a separate, secure account for daily use is no longer a luxury - it's a necessity. So, download the Airtel Thanks App and open Airtel Payments Bank - the safe second account for all your daily transactions.

Click here to know more.

Note to the Reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Mint.