Amazon, earlier this week, made an announcement to permit prospects to alternate their Rs. 2,000 notes. The assertion got here after the Reserve Financial institution of India on Could 19 determined to withdraw all of the Rs. 2,000 forex notes from circulation underneath its Clear Be aware Coverage. The central financial institution of India has introduced that the present notes circulation will be deposited in financial institution accounts or will be exchanged by September 30.
As many individuals battle to get their notes exchanged or deposited within the financial institution, Amazon has rolled out an initiative to alternate the notes for his or her prospects. In accordance with the official statement by Amazon, the corporate will let prospects prime up their Amazon Pay balances utilizing Rs. 2,000 notes throughout cash-on-delivery orders. The leftover change will be loaded to the Amazon Pay pockets.
The e-commerce big has specified that prospects can deposit a most quantity of Rs. 50,000 monthly, together with notes of Rs. 2,000 denomination.
How one can alternate Rs. 2,000 word in India utilizing the Amazon Pay pockets:
Step 1: To start with, prospects want to finish video KYC on the Amazon app
Step 2: As soon as the KYC course of is completed, prospects can place a money on supply order
Step 3: Subsequent, prospects can hand over the money to supply agent on their order
Step 4: The supply agent will replace the remaining steadiness on the client’s Amazon Pay steadiness immediately
The quantity up to date on the Amazon Pay pockets can be utilized for on-line procuring, or paying utilizing QRs, doing recharges, sending cash to family and friends or digital funds on apps like Swiggy and Zomato.
The power to alternate or replace Amazon Pay steadiness with Rs. 2,000 word is just accessible for KYCed prospects. Therefore, it is crucial for the purchasers to get the KYC course of accomplished earlier than initiating the alternate.
