Paytm Payments Bank to Deliver Cash at Home to Support Senior Citizens in Delhi NCR

The new service will enable them to raise withdrawal requests on Paytm Payments Bank app and the requested amount will be delivered at their home.

By ANI | Updated: 15 May 2020 19:05 IST

Cash at Home facility is the latest among the services that Paytm has launched to ease banking experience

Highlights

The 'Cash at Home' facility for senior and differently-abled citizens
The service will allow cash to be delivered at senior citizens' homes
The minimum amount that can be requested is Rs 1000, maximum is Rs. 5,000

The Paytm Payments Bank Limited (PPBL) on Friday announced the launch of 'Cash at Home' facility for senior and differently-abled citizens in the national capital region so that they do not need to step out during this COVID-19 pandemic.

This new service will enable them to raise cash withdrawal requests on their Paytm Payments Bank app and the requested amount will be delivered at their home.

'Cash at Home' facility is the latest among the services that the bank has launched to make the banking experience more convenient and accessible for its customers. Recently, it has launched a Direct Benefits Transfer (DBT) facility where it enabled customers to receive the benefits of over 400 government subsidies directly into their PPBL Savings Account," the PPBL said in a release.

Paytm Payments Bank Says Telcos Should Act Faster to Counter Online Fraud

"The process for availing of 'Cash at Home' facility is simple and seamless. Any senior citizen, who is holding a Savings Account with the Paytm Payments Bank can click on the tab in their Paytm app to enter the desired amount and submit their request. The bank executive would deliver the requested amount at their registered address within 2 days of raising the request. The minimum amount that can be requested is Rs 1,000 and the maximum amount will be limited to Rs. 5,000," it added.

Satish Kumar Gupta, CEO and Managing Director, Paytm Payments Bank said, "We have continued with our efforts to expand the digital banking network in the country and benefit millions of our customers with innovative features & unmatched service."

"Our latest ''Cash at Home'' facility will be of immense help to those people who cannot visit an ATM or bank branch due to age, health, or any other issues," he added.

In Digital India, Cash Is King, Admits Paytm Founder

Disclosure: Paytm's parent company One97 is an investor in Gadgets 360.

Which is the bestselling Vivo smartphone in India? Why has Vivo not been making premium phones? We interviewed Vivo's director of brand strategy Nipun Marya to find out, and to talk about the company's strategy in India going forward. We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.