Ola in association with Yes Bank Introduces ‘Ola-Cash-On-Wheels’ Money Withdrawal Facility

Ola in association with Yes Bank Introduces ‘Ola-Cash-On-Wheels’ Money Withdrawal Facility : After 8^th November due to the announcement of demonetization, most of the people are facing trouble due to ‘No Cash’ boards at ATMs, due to big lines at banks. Now, to relieve the burden for people the largest cab transport Ola is introducing ‘Ola-Cash-On-Wheels’ facility. This helps to the clients to withdraw the amount of Rs 2000 from the swiping machine in Ola cabs. This was introduced specially to reduce the burden on people.

Yes Bank Partnership with Ola to provide mobile cash

Yes Bank on Monday reported an organization with Ola to set up mobile ATMs and empower advantageous money withdrawals by swiping debit cards from any bank. The service will be accessible in more than 30 areas across 10 urban areas, including Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, Pune, Chandigarh, Kolkata,  Ahmedabad, and Jaipur, the organization said in an announcement.

“We are happy to partner with Ola to bring cash to the customer within easy reach and provide seamless withdrawal facility using Yes Bank PoS machines,” said Rajat Mehta, Senior President and Country Head, Brand and Retail Marketing, Yes Bank.

Clients can swipe debit cards to withdraw a sum of up to Rs 2,000 for each card. This is empowered using PoS machines accessible as a part of Ola taxis positioned nearby Yes Bank offices across different areas in these urban areas.

“This is an important time for banking and mobility to come together and help people,” added Raghuvesh Sarup, Chief Marketing Officer and Head of Categories, Ola.

Yes Bank has been putting forth mobile ATMs in co-operation with different banks also. Supporters of the @Olacabs Twitter account have been getting normal reports on the areas of mobile ATMs, some of which were conveyed with the assistance of Indian Overseas Bank. Mobile ATMs from Punjab National Bank and State Bank of India were also set up. A list of areas where mobile ATMs controlled by Yes Bank will be found is recorded on the Ola Blog.

Ola-Cash-on-Wheels Terms and Conditions:

• This transaction can be carried out only with debit cards issued in India.
• You can’t withdraw more than 2000 per day, per debit card and it is subject to availability of cash.
• This Rs. 2000 will be considered as part of the Overall Weekly/Daily withdrawal limit of Rs 24,000 from all channels i.e. ATM, Branch, Micro ATM, Cash @ POS.
• Cash@POS transactions will be processed only for cards that have this feature enabled by the respective Debit card Issuing Bank.

List of Places Where Mobile ATMs will be placed: Here’s the list of locations where the mobile ATM’s will be positioned: