On May 19th, 2023, the Reserve Bank of India announced the withdrawal of the Rs. 2,000 currency notes from circulation that could no longer be used for commerce. The existing currency notes in circulation can either be deposited in bank accounts or exchanged by September 30th, 2023.
As a solution to this, Amazon is trying to help the citizens to convert the value of the withdrawn Rs 2,000 currency notes. Amazon is an American multinational technology company. Amazon Pay is the digital paying service by Amazon.
Amazon Pay has announced a new service known as ‘cash at your doorstep’, which allows users to deposit Rs. 2,000 notes in exchange for the Amazon Pay Balance. Users can use this new Amazon Pay service to deposit their 2,000 notes with an Amazon delivery person during a cash-on-delivery order.
Amazon has said its customers can hand over up to Rs. 50,000 worth to the delivery agents for orders meant for payment via cash. The amount will then be credited to the Amazon Pay Wallet.
Amazon Pay
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There are some steps to follow for the user to deposit the Rs. 2,000 currency notes into the Amazon Pay Balance:
- Complete the video KYC process on the Amazon App, which typically takes around 5 – 10 minutes.
- Place the cash-on-delivery order through Amazon.
- When the Amazon delivery agent arrives, hand over your Rs. 2,000 notes to them.
- Shortly after, the balance in your Amazon Pay account will reflect the deposited amount.
- Create a UPI handle on your Amazon Pay balance in a minute to start making payments effortlessly.
By depositing the Rs. 2,000 currency notes into your Amazon Pay balance, users gain the ability to scan and pay using QR codes at various shops, send money to individuals or phone numbers, and make payments on online apps.
