Aditya Birla Idea Payments Bank Limited (ABPB) is a digital payments bank owned by the Aditya Birla Group which aims to provide easy and unrestricted banking services to its customers. It was incorporated after receiving an in-principle approval from RBI with an initiative to make banking and financial services accessible to every Indian via their mobile devices, laptops as well as through company stores. Its equity stake is held as 51:49 by Grasim Industries Limited and Idea Cellular Limited respectively, both which are individual companies under the Aditya Birla Group.
The ABPB provides a new approach to banking which involves zero paperwork to create and use a savings account, get transaction details and monthly statements on my mobile, a simplified and intuitive mobile wallet which enables me to make quick money transfers as well as effortless bill payments, a BHIM ABPB app which doesn’t have any hassles and allows me to send and receive payments as conveniently as the way I chat. Moreover, it provides me with a plethora of other features like faster approval of loans and ease in choosing insurance schemes of my choice. It has given me a free hand to choose the banking point as per my convenience in case of any discrepancies or for verification. All of the services which the ABPB provides to me along with the various offers on different bill payments and related transactions are accessible to me 24 * 7 without having a fixed accessibility time limit. In case of any query the customer care service is always more than happy to help me. Also, I can access them from all of my devices which include my mobile, my tablet as well as my laptop. This digital way of banking has brought in a tremendous feeling of comfort and satisfaction for the way the processes are being carried out is completely transparent and consumer centricity is maintained at all times. Through this trustworthy banking channel, I truly feel empowered!