It has been a rough week for everyone because of the cash crunch. However, it doesn't seem to be the same for e-finance companies. Since, the demonetization of notes, there is a lot of increase in the transactions as well as the number of customers.
Considering the cash crunch and in order to attract customers, e-finance companies came up with free cash transfer from e-wallet to banks.
From November 13 all PayTm customers and registered merchandise will be able to transfer cash from e-wallet to banks on 0% fee. Customers will not be charged for transactions between PayTm wallets as well. The non-KYC (know your customer) merchants will be charged 1% fee for all the transactions.The offer is valid till December 31.
Similar offer has been launched by MobiKwik. These offers are really helpful for the people who are familiar with e-wallets and net banking.