Amazon announced a new service called “Cash Load at Doorsteps” for Amazon Pay. This allows anyone to deposit their Rs 2,000 notes in exchange for an Amazon Pay balance, as Rs 2,000 notes are being withdrawn from circulation. Exchange windows will be open until September 30th.
Currently, stores are refusing Rs 2,000 notes, so many users are using petrol pumps to dispose of them. Users can overcome this challenge by using the new Amazon Pay service to deposit their Rs 2,000 notes with an Amazon delivery person during a cash-on-delivery order by depositing them into their Amazon Pay balance.
How to Exchange Rs. 2000 using Amazon Pay Balance
RBI: RS 2,000 notes will be withdrawn from circulation in pursuance of the Clean Note Policy by September 30th, 2023. With Amazon’s Cash Load at Doorstep service, KYCed customers can hand over their Rs 2,000 notes or leftover change to the delivery agent to load the same onto their Amazon Pay balance during COD orders.
- First things first, users need to complete the Video KYC process on their Amazon App.
- This could take around 5 to 10 minutes. After this, users need to place a COD delivery order via Amazon.
- Next, when the order arrives, they can hand over their Rs 2,000 to the delivery agent. After that, the remaining balance will be sent to their Amazon Pay account.
- That’s it! Users can spend that money using Amazon Pay Balance after creating a UPI handle with Amazon Pay Balance.
It works quite similarly to UPI, where users can use it to send money using QR codes, send money to individuals or phone numbers, and also make payments online. Individual users can deposit amounts up to Rs 50,000 per month, including Rs 2,000 denominations, into their Amazon Pay account.
