Freecharge balance is the virtual money, that helps you to do the fastest and hassle-free payments on Freecharge, and all our merchant partners. Freecharge Balance Account (PPI) is issued by Axis Bank Limited. Using Freecharge balance, all payments can be made without entering any bank details instantly.If for some reasons, your transaction is unsuccessful, we'll issue a full refund as money in the Freecharge balance. You can use this for future transactions with any of our merchants. What's more? You can also deposit cash in the balance anytime to facilitate faster and easier payments.