E-finance Companies Are Offering Free Cash Transfer From E-wallet To Banks

It’s been a rough week for everyone because of the cash crunch. It doesn't seem to be the same for e-finance companies.

E-finance Companies, Free Cash Transfer From E-wallet To Banks, PayTm, Mobikwik, demonetization of notes
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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.


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Vinam Pachkhede (WRITER)

Vinam Pachkhede is a history and psychology student. An amateur writer, she is currently associated with Reacho and contributes as a content writer. She is a great fan of stand-up comedy. Also a Foodie, Potterhead, Cumberbitch and Marathi Mulgi.

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