Are you tired of queuing up at the bank or ATMs for cash? Now you can order cash and get it delivered at your doorstep. After Grofers and Ola Cabs, it’s now Snapdeal that has come up with the idea of cash delivery at home and launched 'Cash@Home' service, which allows users to order cash and get it delivered at their doorstep.
Customers can now order Rs 2,000 per booking and the cash will get delivered the next day. The service is currently available in Gurgaon and Bengaluru.
The cash received through Cash on Delivery (CoD) will be used by Snapdeal to operate the facility, and Snapdeal will charge a nominal fee of Re 1, as convenience fee, which has to be paid through FreeCharge through a debit card at the time of booking the order.
Consumers at the time of cash delivery need to swipe their ATM card on the PoS machines, which will be brought by Snapdeal courier partners. On the completion of the transaction, the courier person will hand over Rs 2,000 in cash. Users can use any bank’s ATM card to pay for the cash and to access the facility, and it is not mandated that they order anything else from Snapdeal.
The service will be extended to other major cities in the coming days.
On the service, Rohit Bansal, Co-founder, Snapdeal said, “
As the country transitions to a more digitally-enabled economy, we’ve launched a series of timely initiatives – from wallet and card on delivery, to extending FreeCharge partnerships to smoothen this transition. The launch of the cash-on-demand service is intended to further help our consumers tide over any cash crunch that they might face in addressing their daily needs.”
Founded in February 2010 by Rohit Bansal and Kunal Bahl, Snapdeal today has more than 65 million products across 1,000 categories from 1,25,000 regional, national, and international brands and retailers. Backed by SoftBank, Temasek, Foxconn, Alibaba and Ratan Tata, it is currently delivering to more than 6,000 cities and towns in India.
On-demand delivery startup Grofers recently tied up with Yes Bank to allow customers to get cash of upto Rs 2,000 delivered at home on ordering from its grocery platform. The cash delivery service, which is open to all bank account holders, are available across Mumbai, Gurgaon and Bengaluru.
But unlike Snapdeal, customers need to buy grocery worth Rs 2,000 to avail the facility with Grofers.
To address the demand of cash for millions, every ATM needs to be filled four times a month. And the capacity of each “belly-fill” ranges between Rs 10 lakh and 15 lakh. At the end of September this year, ATM base of 2,20,000 has been installed.
Taxi aggregator Ola has also even tied up with Yes Bank to deliver cash at your doorstep through micro ATMs powered by the bank. Moreover, Yes Bank and Ola launched a mobile ATM service allowing users to withdraw upto Rs 2,000 per card (of any bank account) from PoS terminals of Ola cabs, which are located near Yes Bank branch/ATMs across 30 locations in 10 cities.