Senior citizens in Delhi can get ‘cash at home’ now ⁠from Paytm payments bank

Paytm Payments BankBCCL
  • Users can place cash withdrawal requests on their Paytm Payments Bank app and the amount will be delivered at their home.
  • They can request for a minimum of ₹1,000 and a maximum of ₹5,000.
  • Within two days a bank executive will deliver the cash at their home.
Vijay Shekhar Sharma’s Paytm Payments Bank has announced that it will now deliver cash at home to senior citizens in Delhi NCR. Through this, users can place cash withdrawal requests on their Paytm Payments Bank app and the amount will be delivered at their home.

With the coronavirus pandemic, senior citizens across the world are at a bigger risk. During his address to the nation, Indian Prime Minister Narendra Modi also spoke about taking special care of senior citizens and ensuring that they are not in direct risk of the virus.

“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,” said Satish Kumar Gupta, CEO & Managing Director, Paytm Payments Bank.

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Through the feature, users can request for a minimum of ₹1,000 and a maximum of ₹5,000 and within two days a bank executive will deliver the cash at their home.

The bank had also recently launched a Direct Benefits Transfer (DBT) facility, through which customers could get the government subsidies directly in their PPBL Savings Account.

Earlier in May, Paytm Payments Bank had announced that even during the coronavirus lockdown, the bank has received over ₹600 crore in fixed deposits. The company said that given the volatility in other asset classes during this period, many users are moving their savings into fixed deposits.

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