Finding it troublesome to get the Rs 2,000 currency notes exchanged or deposited? 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 declared that Rs 2,000 will be soon phased out. For this, the government has allotted time till September 30, 2023, wherein people can deposit their old currency notes or exchange them. Although there’s ample time unlike the 2016 Demonetization, this has made people worried as they are rushing to the nearest banks to get the note exchanged.
Amazon came up with a unique facility allowing users to deposit their cash. It is available for all KYCed users and works like a charm. It is a unique experience wherein Amazon will use its catalog and delivery network to ship products on Cash On Delivery. Once the users have paid using Rs 2,000 notes, the surplus amount will be loaded on their Amazon Pay balance instantly. That’s all whole a person will drop by your doorstep making it a completely transparent and hassle-free process with the inconvenience of visiting a bank for waiting for hours to get the notes exchanged.
According to Amazon, this will provide customers with a holistic approach with simplified payment solutions giving a boost to 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-defunct Rs 2,000 currency notes on Amazon Pay. Turns out Amazon has the answers and it is pretty intuitive for both Amazon and the users. Here’s how it works.
Step 1: The first thing you need to do is place an order with Amazon purchasing any product you wish. Ensure that the product you are buying is eligible for “Cash Load”. The same will be visible on the eligible product page as well.
Step 2: When checking out, choose Cash on Delivery rather than any other method. This will initiate the product delivery process and you will receive the product according to the estimated delivery date.
Step 3: Upon receiving the product, inform the delivery associate/partner that you wish 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 upper limit.
Step 4: The delivery associate will verify the payment and the remaining amount (after deducting the product’s price) will be loaded into your Amazon Pay balance instantly.
Step 5: Go to the Amazon app, proceed to Amazon pay balance, and check whether your balance has been updated or not.
Bingo, you have successfully loaded your Amazon Pay balance using the Rs 2,000/- notes that will be defunct after 30th September 2023.
Once the amount is loaded on Amazon Pay, users can spend it online, make recharges, send money to others, and more.
