To ease the cash crunch post demonetization, GrocerMax.com – a Gurugram-based online grocery delivery company has started an initiative of delivering Rs 2,000 currency notes to its customers at their doorstep, on minimum grocery order of Rs 1,500.
As the Modi Government’s decision to demonetize Rs 500 and Rs 1,000 currency notes on November 8 has left thousands standing in bank or ATM queues to withdraw money, this step by the grocery delivery company might give a respite to the consumers.
Speaking on the initiative, Co-Founder, GrocerMax, K. Radhakrishnan said, “We realise that our customers may be stressed for cash, so we will deliver it in various denominations available with us. This is just a service to help ease the cash shortage situation. We hope this is useful to at least the few we can help.”
To avail the offer, the customer has to buy groceries worth Rs 1,500 and make the payment only through debit card by using the swipe machine provided at the time of delivery. Cash will be delivered to the doorstep without any extra charges. This facility is available only in Gurugram.
Customers will only be able to avail of this offer if they add the item ‘Rs 2,000’ in their carts while placing a grocery order.
The facility is available on first come first serve basis till cash availability and it is subject to all applicable restrictions, imposed by banks, RBI and Government notifications.
Retailers Ease Cash Crunch
Apart from GrocerMax, other industry players like Grofers, Big Bazaar, Inox and V-Mart Retail are also offering similar services to ease the burden on the banks and to provide a relief to the customers.
Grofers – Extending facility to deliver cash at doorstep, e-grocer Grofers has tied-up with Yes Bank allowing customers to get cash of up to Rs 2,000 when they order grocery online.
The cash delivery service, open to all back account holders. has started today across Mumbai, Gurugram and Bengaluru. Other cities will be added to the list gradually.
Big Bazaar – Kishore Biyani-led Big Baazar has tied up with State Bank of India to enable mini ATMs across all its 260 stores to allow consumers withdraw Rs 2000, using their debit cards, while they shop. The mini ATMs have been dispensing money received from sales being done at the store.
This is the second time that Future Group has introduced a scheme for consumers to rescue them at a time of cash crunch. On November 8, the day when Prime Minister announced the demonetization decision, Future Retail stores – including Central, Ezone, Home Center, Brand Factory and Big Bazaar – were all accepting Rs 500 and Rs 1,000 notes till midnight, helping people stock up on basic necessities for the next few days.
Inox – Similarly, aiming to ease the cash crunch after the Government’s demonetization move, INOX Leisure, a cinema exhibition chain, partnered with State Bank of India (SBI) to provide withdrawal facilities at INOX properties across the country using a debit card.
Under the new initiative, one can withdraw up to Rs 2,000 cash per card per day, by simply swiping their debit cards at INOX properties across the country, The facility is available on all 106 properties of INOX.
V-Mart Retail – V-Mart Retail, which has a network in Tier II & III cities also allowed cash withdrawal of up to Rs 2,000 from its store through ATM cards. The retail chain, which operates 136 stores across 116 cities, has enabled Smart ATMs at all its stores to allow citizens to withdraw cash through their debit cards.