Paytm Payments Bank launches cash at home facility for senior citizens in Delhi NCR

By: |
Published: May 15, 2020 1:41 PM

Any senior citizen or differently-abled person holding a savings account with the Paytm Payments Bank can click on the ‘Cash at Home’ tab in their Paytm app. Within 2 days of raising the request, the bank executive will deliver the requested amount at the account holder's registered address.

Doorstep banking for senior citizens, paytm doorstep banking, paytm payments bank, doorstep banking facility, doorstep banking services, rbi circular, notification, Internet Banking, mobile banking, UPI, senior citizens bank account, paytm app, sbi door step banking, PPBL said that ‘Cash at Home’ facility has been launched to make the banking experience more convenient and accessible for their customers.

Paytm Payments Bank Ltd (PPBL) has launched ‘Cash at Home’ facility for senior and differently-abled citizens to help them cope with the COVID-19 pandemic. This service from PPBL will enable these people to raise cash withdrawal requests on their Paytm Payments Bank app and the requested amount will be delivered at their doorstep. This facility was brought in so that those people do not have to step out during this pandemic.

PPBL said that ‘Cash at Home’ facility has been launched to make the banking experience more convenient and accessible for their customers.

Process for availing Cash at Home

The process for availing the ‘Cash at Home’ facility is simple. Any senior citizen or differently-abled person holding a savings account with the Paytm Payments Bank can click on the ‘Cash at Home’ tab in their Paytm app. Then they need to enter the desired amount and submit their request. Within 2 days of raising the request, the bank executive will deliver the requested amount at the account holder’s registered address. Note that, the minimum and the maximum amount that can be requested is Rs 1000 and Rs 5000, respectively.

Satish Kumar Gupta, CEO and MD, Paytm Payments Bank, said, “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.”

Recently, PPBL has also launched a Direct Benefits Transfer (DBT) facility wherein customers can receive the benefits of over 400 government subsidies directly into their PPBL Savings Account.

It may be noted that various other banks have also offered their customers the facility to deposit as well as withdraw money from their home itself, using the door to door banking services. For instance, with SBI this service was initially available only for senior citizens, but with the ongoing coronavirus pandemic, any and all account holders can avail of this service. Other banks offering this service include HDFC Bank, Deutsche Bank, and Axis Bank. However, this facility can be availed by paying a fee ranging between Rs 100 and Rs 200, depending on the bank.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Big change in Standard Individual Health Insurance: Buy Arogya Sanjeevani Policy for above Rs 5 lakh cover
2Structural reforms, greater transparency lead to higher capital flows into real estate
3Personal Loan Vs Gold Loan: Which is a better option for you?