Snapdeal launches "Cash@Home" Service

Snapdeal has announced the launch of a “Cash@Home” service which allows users to order cash and have it delivered at their doorstep.

The service is a goodwill gesture by Snapdeal to allow users to easily access cash without having to queue up at their bank or at the ATMs. Snapdeal will be using the cash that it receives through Cash on Delivery (CoD) to operate this facility.

Snapdeal will charge a nominal amount of Re1 as convenience fee, which will need to be paid through FreeCharge / through a debit card at the time of booking the order.

At the time of cash delivery, the consumers will need to swipe their ATM card on the PoS machines, which Snapdeal’s courier partners will carry for all such deliveries. Once the transaction is successful, the courier person will hand over Rs.2,000 in cash.

A user can request Rs.2,000 per booking and any bank’s ATM card can be used to pay for the cash. The customers are not obligated to order anything else from Snapdeal to access the “Cash@Home” facility.

The service is already operational in Gurgaon and Bangalore and will be extended to other major cities in the coming days, with the operative details to be updated, as per user’s feedback and availability of currency notes.

Rohit Bansal, Co-Founder, Snapdeal, said, “At Snapdeal, we aim to be the marketplace that seamlessly services every customer’s need. As the country transitions to a more digitally-enabled economy, we have 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.”