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

The Paytm Payments Bank Limited (PPBL) on Friday introduced the launch of ‘Cash at Home’ facility for senior and differently-abled residents within the nationwide capital area in order that they don’t must step out throughout this COVID-19 pandemic.

This new service will allow them to lift money withdrawal requests on their Paytm Payments Bank app and the requested quantity might be delivered at their dwelling.

‘Cash at Home’ facility is the most recent among the many providers that the financial institution has launched to make the banking expertise extra handy and accessible for its prospects. Recently, it has launched a Direct Benefits Transfer (DBT) facility the place it enabled prospects to obtain the advantages of over 400 authorities subsidies instantly into their PPBL Savings Account,” the PPBL mentioned in a release.

“The course of for availing of ‘Cash at Home’ facility is easy and seamless. Any senior citizen, who’s holding a Savings Account with the Paytm Payments Bank can click on on the tab of their Paytm app to enter the specified quantity and submit their request. The financial institution govt would ship the requested quantity at their registered handle inside 2 days of elevating the request. The minimal quantity that may be requested is Rs 1,000 and the utmost quantity might be restricted to Rs. 5,000,” it added.

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Satish Kumar Gupta, CEO and Managing Director, Paytm Payments Bank said, “We have continued with our efforts to develop the digital banking community within the nation and profit thousands and thousands of our prospects with progressive options & unmatched service.”

“Our newest ”Cash at Home” facility might be of immense assist to these individuals who can not go to an ATM or financial institution department because of age, well being, or another points,” he added.

Disclosure: Paytm’s father or mother firm One97 is an investor in ReviewTechAuto.

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This post was last modified on May 16, 2020 8:45 am

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