New Delhi: Online retailer and e-commerce giant Amazon has said that it will not accept Rs 2,000 notes for Cash on Delivery (COD) payments or Cashloads starting September 19, 2023.
“Yes, we are currently accepting Rs. 2,000 currency notes. Starting September 19, 2023, we will not be accepting Rs. 2,000 currency notes for Cash on Delivery (COD) orders or Cashloads. This is in accordance with the directions issued by the Reserve Bank of India on May 19, 2023,” Amazon said in its FAQs on using Rs. 2,000 notes for Cash on Delivery (COD) Payments and Cashloads.
Amazon however said that if your product is delivered through a third-party courier partner, their own policies around the acceptance of Rs 2,000 currency notes will apply.
Notably, the Rs 2,000 banknotes were taken out of circulation by the Reserve Bank of India on May 19, although they will still be accepted as legal money. RBI advised banks to immediately stop issuing banknotes having a value of Rs 2,000.
According to the RBI, up until September 30, 2023, people will be able to deposit Rs 2,000 banknotes into their accounts and/or swap them for notes of other denominations at any bank branch.
The Rs 2,000 denomination banknotes were introduced in November 2016.
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