This week, Amazon said that buyers would be able to exchange their Rs. 2,000 notes. The Reserve Bank of India made the comment after deciding on May 19 to take all Rs. 2,000 notes out of circulation as part of its Clean Note Policy. The central bank of India has said that all the notes currently in circulation can be put into bank accounts or swapped by September 30.
People are having trouble exchanging their notes or putting them in the bank. Amazon has started a programme to help their users swap their notes. Amazon has said in an official statement that customers will be able to add money to their Amazon Pay funds with Rs. 2,000 notes when they order items with cash on delivery. The change that is left over can be put into the Amazon Pay pocket.
The e-commerce giant has said that users can pay up to Rs. 50,000 per month, including notes worth Rs.
How to change a Rs. 2,000 note in India using the Amazon Pay wallet:
Step 1: To begin with, customers need to complete video KYC on the Amazon app
Step 2: Once the KYC process is done, customers can place a cash on delivery order
Step 3: Next, customers can hand over the cash to delivery agent on their order
Step 4: The delivery agent will update the remaining balance on the customer’s Amazon Pay balance instantly
The new amount on the Amazon Pay wallet can be used for online shopping, paying with QR codes, doing recharges, giving money to friends and family, or making digital payments on apps like Swiggy and Zomato.
Customers who have gone through the KYC process are the only ones who can exchange or update their Amazon Pay amount with a Rs. 2,000 note. So, it’s important for customers to finish the KYC process before the trade begins.
