Paytm launches cash at home facility for senior citizens
A third phase of lockdown is underway across the country to prevent corona virus. In such cases, it is not easy to go out to the ATM
New Delhi: A third phase of lockdown is underway across the country to prevent corona virus. In such cases, it is not easy to go out to the ATM to withdraw cash.
To address this problem, Paytm Payments Bank has introduced in-house cash facility for senior citizens and the disabled so that they do not have to leave their homes during the epidemic.
Any senior citizen who has a savings account in the bank can fill in their amount on the Requests tab in the app and then have to submit it. The bank executive will deliver your money to your home address within two days. You can get Rs 1000 and maximum Rs 5000.
According to the bank, the purpose of this cash at home facility is to make the customers feel more comfortable. The bank had recently launched Director Benefits Transfer (DBT) facility which allows customers to transfer the benefits of more than 400 government subsidies directly to their PPBL Savings Account.
Paytm Payment Bank also pays interest at the rate of 4% per annum on your deposit. Payment Bank work is mostly digitally i.e. online.