Is it troublesome to exchange or deposit the Rs 2,000 currency notes? Turns out Amazon has the answers. Announced earlier this week, Amazon will let users pay using old Rs 2,000 notes for the products and get the excess amount in their Amazon Pay balance.
Last month, the Government of India announced that Rs 2,000 will be phased out soon. For this, the government has allotted time till September 30, 2023, in which people can deposit their old currency notes or exchange them. Although there is a lot of time unlike the Demonetization of 2016, this made people anxious as they went to the nearest banks to exchange the note.
Amazon has come up with a unique facility that allows users to deposit their money. It is available to all KYCed users and works like a charm. It is a unique experience where Amazon will use its catalog and delivery network to ship products for Cash on Delivery. Once the users have paid using Rs 2,000 notes, the excess amount will be loaded on their Amazon Pay balance immediately. That’s all someone will drop off at your door, making it a completely transparent and hassle-free process and the inconvenience of visiting a bank and waiting for hours to exchange the notes.
According to Amazon, this will provide customers with a holistic approach to simplified payment solutions that will fuel India’s digital payments revolution.
How to Exchange Rs 2,000 Currency Notes on Amazon Pay?
You might be wondering how exactly you can exchange your soon-to-be-obsolete Rs 2,000 currency notes on Amazon Pay. Turns out Amazon has the answers and it’s pretty intuitive for both Amazon and users. This is how it works.
Step 1: The first thing you need to do is place an order with Amazon buying any product you want. Make sure the product you are buying is eligible for it “Money Burden”. The same will appear on the eligible product page as well.
Step 2: When checking out, choose Pay on delivery rather than any other method. This will start the product delivery process and you will receive the product according to the estimated delivery date.
Step 3: Upon receiving the product, add the delivery partner/partner you want to load money on Amazon Pay. You can use the old Rs 2,000/- currency notes up to Rs 50,000/- per month as per the ceiling.
Step 4: The delivery associate the payment will verify and the remaining amount (after deducting the price of the product). loaded into your Amazon Pay balance instantly.
Step 5: Go to the Amazon app, proceed to Amazon pay balanceand check if your balance is updated or not.
Bingo, you have successfully loaded your Amazon Pay balance using the Rs 2,000/- notes which will expire after 30 September 2023.
Once the amount is loaded onto Amazon Pay, users can spend it online, make recharges, send money to others, and more.
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