Amazon introduces convenient doorstep Cash Load Option for Amazon Pay, including ₹2,000 notes. All you need to know | Mint
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Business News/ Technology / News/  Amazon introduces convenient doorstep Cash Load Option for Amazon Pay, including 2,000 notes. All you need to know
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Amazon introduces convenient doorstep Cash Load Option for Amazon Pay, including ₹2,000 notes. All you need to know

Amazon Pay Cash Load allows users in India to deposit cash, including ₹2,000 notes, directly into their Amazon Pay balance account, providing flexibility for spending up to INR50,000 ($663) per month.

Amazon Pay was launched in India in 2016 as a prepaid wallet service (For representation purposes)Premium
Amazon Pay was launched in India in 2016 as a prepaid wallet service (For representation purposes)

Amazon has introduced a convenient feature called Amazon Pay Cash Load, allowing users to deposit cash, including the 2,000 notes, directly into your Amazon Pay balance account. This hassle-free service is available right at your doorstep.

India Today reported that the Amazon Pay Cash Load option enables you to conveniently deposit cash, including the elusive 2,000 notes, into your Amazon Pay balance account, allowing you to load up to 50,000 per month. This provides you with flexibility for your spending requirements. The funds can be utilized for various purposes, such as making online purchases, utilizing Scan & Pay at stores, or shopping on Amazon using the available balance. 

The report added that according to Amazon, you can even transfer the loaded money to your bank account or send it to your loved ones.

During the delivery of your upcoming order, you can easily deposit the desired amount of cash, including the 2,000 notes, by handing it over to your delivery associate. Instantly, an equivalent sum is deposited into your Amazon Pay balance account, adds the report from India Today.

Exchange of 2000 notes at banks have begun, in line with RBI's directions for withdrawing the highest denomination currency of India. RBI has guided customers to take two possible actions, either exchange their 2000 notes or deposits for which the central bank has given over a four-months time-frame.

To recall, RBI Governor Shaktikanta Das has announced that a final decision regarding the future of 2,000 notes will be taken nearer to the September 30 deadline for deposit or exchange. At present, it remains uncertain whether these notes will retain their status as legal tender after that date. The determination by the RBI will be based on the quantity of 2,000 notes returned to the banking system.

 

 

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Published: 21 Jun 2023, 10:41 AM IST
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