Now exchange Rs. 2000 notes as Amazon Pay balance- an easy way to deposit Rs2000 notes
Tired of going to the bank, standing in a queue, and depositing your 2000 rupees note? Then, you don’t have to worry because Amazon has a convenient solution.
Amazon Pay has declared a new scheme called ‘Cash Load at Doorstep,’ which lets users deposit Rs. 2000 notes in a swap for an Amazon Pay balance. The Rs 2,000 note will be eliminated by the Reserve Bank of India until September 30, 2023, as part of its ‘Clean Note Policy.’
Using this new Amazon Pay service, you can deposit 2,000 notes with an Amazon delivery person during cash-on-delivery orders. By adding them to your Amazon Pay balance, you can overcome the problem which arises from the stores refusing to accept these notes.
You can credit up to Rs 50,000 per month for your needs, which you can spend hassle-free. With deposited money, you can utilize it for online shopping, use Scan & Pay in stores, or shop on Amazon App. Amazon declares that you can transfer it to your bank account or send it to friends and family.
In this article, we discuss Now you will exchange Rs. 2000 notes as an Amazon Pay balance.
Rs 2000 note withdrawal by The Reserve Bank Of India
The RBI has been deciding to withdraw Rs 2,000 notes from circulation in May. People can deposit or exchange currency before September 30. RBI has claimed that it has taken this step as there is sufficient availability of notes of other denominations.
RBI Governor Shaktikanta Das said that a decision for the future of the Rs 2,000 note would be closed to the public until September 30 for depositing or exchange. It needs to be made clear whether these notes will continue to be legal beyond that date. The RBI’s decision would depend on the number of Rs 2,000 notes that come back from circulation to the banking system.
Das assured the public that this maximum denomination currency withdrawal system would not negatively impact the financial system. He emphasized that any impact would be minimal and RBI would address any inconvenience individuals face during this transition.
RBI has presented this deadline for taking seriousness about the importance of announcements and to provide a clear timeline for the process. Das assured citizens, including senior citizens and persons living abroad, that their situations would be considered sensitively and corrective steps would be taken if necessary.
How do you deposit rs.2000 notes in the Amazon pay balance?
Here are the guidelines for depositing an Rs.2000 note in the Amazon pay balance.
- Complete the video KYC process in the Amazon app, which usually takes 5-10 minutes.
- Place cash-on-delivery orders via Amazon.
- When the Amazon delivery agent comes, hand over your ₹2,000 note to them.
- Very shortly, your Amazon Pay account balance will show the deposited amount.
- Create a UPI handle on your Amazon Pay balance in under a minute to start making payments effortlessly.
By adding your ₹2,000 note to your Amazon Pay balance, you can scan and pay using QR codes at various stores, send money to a person or phone number, and make online app payments with Amazon Pay’s 24×7 convenience and security.
So, while we are waiting for the RBI’s decision on the fate of Rs 2,000 notes, Amazon’s cash load option delivers a hassle-free way to manage your cash, including those Rs 2,000 notes.