Amazon announced earlier this week that it would allow customers to redeem rupees. 2,000 notes. The statement comes after the Reserve Bank of India decided on May 19 to withdraw all rupees. Under the clean banknote policy, 2,000 banknotes were taken out of circulation. The Reserve Bank of India announced that existing currency notes can be deposited into bank accounts or exchanged before September 30.
With many people having trouble exchanging notes or depositing them into banks, Amazon has launched a program to redeem notes for customers. According to an official statement from Amazon, the company will allow customers to top up their Amazon Pay balance using rupees. There are 2,000 bills during the cash on delivery order period. The remaining change can be deposited into the Amazon Pay wallet.
The e-commerce giant has stipulated that customers can deposit up to Rs. 50,000 per month including Rupee notes. 2,000 denomination.
How to exchange rupees. Issuing 2,000 notes in India using Amazon Pay wallet:
Step 1: First, customers need to complete video KYC on the Amazon app
Step 2: After completing the KYC process, the customer can place the cash on delivery order
Step 3: Next, the customer can hand over the cash on the order to the delivery agent
Step 4: The delivery agent will immediately update the customer’s Amazon Pay balance with the remaining balance
The updated amount on the Amazon Pay wallet can be used for online shopping, paying using QR codes, recharging, sending money to friends and family or making digital payments on apps like Swiggy and Zomato.
Facility to exchange or update Amazon Pay balance using Rupees. 2,000 note is only available for KYCed customers. Therefore, it is very important for customers to complete the KYC process before starting transactions.
