In order to help the costumers to avoid long ATM and bank queues, Yes Bank has tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online.
In a statement the bank, said, "Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash delivered at home, by partnering with Yes Bank."
The cash delivery service, open to all bank account holders has started across Mumbai, Gurgaon and Bengaluru. Other cities will be added to the list gradually.
Ashneer Grover, Chief Financial Officer, Grofers, said, "We cannot eliminate today the need of currency notes as people sometimes require them for other reasons. This is our attempt to help customers. Grofers delivery executives will carry PoS machines (powered by Yes Bank) where customers can swipe and get cash within the comfort of their homes."
Earlier, Yes Bank had partnered with app-cab service Ola to deliver cash-on-demand at doorstep.
Asit Oberoi, Group President, Transaction Banking group, Yes Bank, said, "We are...in an endeavour to enable greater convenience of transactions, payments by card on delivery and also to bring cash to customers at the same time, by providing seamless withdrawal facilities using Yes Bank PoS machines."
The release also says, "Grofers has seen a rapid growth of 40 per cent in its order volume post demonetisation (of old Rs 500 and Rs 1,000 denomination notes)."
Yes Bank said it remains committed to Government's initiative to propel digital payments in India and move towards a less-cash economy.