Feeling the heat of demonetization and still, waiting those long queues outside ATMs and bank branches. To help you out in getting the daily quota of Rs 2000, India’s leading marketplace Snapdeal has launched ‘Cash@Home’ service. A service where you can order cash from Snapdeal and get it delivered to your doorstep.
On the pilot phase, the Cash@Home service is currently available for users from Gurgaon and Bangalore. Snapdeal plans to expand this service to other major Indian cities in the coming days.
How Snapdeal Cash@Home woks? The whole process is essentially just like ordering a product from its marketplace. You can order cash up to Rs 2000 per booking or per day. At the time of cash delivery, you need to swipe your ATM card on the PoS machine that Snapdeal’s courier partner brings along. It’s just like paying your order via cash on delivery (CoD), but here the actual product is cash. On successful transaction, the courier person will give you Rs 2000 in cash. So, that’s no more long queues, get the cash sitting at your home.
Thinking how much will Snapdeal charge for this Cash@Home service? Well, there is a nominal charge for the service. Snapdeal will be charging Rs 1 as a convenience fee, which you can pay through net banking, debit or credit card or FreeCharge Wallet at the time of booking the order.
“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,” said Rohit Bansal, Co-founder, Snapdeal. “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” he added.
- Order cash at Snapdeal and get delivered at your doorstep.
- Maximum Rs 2000 per booking per day.
- Only Rs 1 convenience fee charged by Snapdeal.
Still, thinking how the company get this much cash in their hand? Snapdeal says it uses the cash it receives through normal Cash on Delivery (CoD) orders for this service. On the way you are not obligated to order anything else from Snapdeal to access the ‘Cash@Home’ facility.
Recently, Vodafone India through its mobile wallet service Vodafone M-Pesa has launched a similar service. Here subscribers can easily withdraw cash balance from their M-Pesa digital wallet through any of the 120,000 strong Vodafone M-Pesa outlets across India.