June 24, 2024

Beginning as we speak, September 19, 2023, Rs. 2,000 notes is not going to be accepted by on-line retailer Amazon for Money on Supply (COD) funds or Cashloads.

“We will now not settle for Rs. 2,000 foreign money notes for Money on Supply (COD) orders or Cashloads as of September 19, 2023. The Reserve Financial institution of India launched tips on Might 19, 2023, and that is in conformity with them, in line with Amazon’s FAQs on using Rs. 2,000 notes for Money on Supply (COD) Funds and Cashloads.

Amazon did spotlight that their very own restrictions relating to the acceptance of Rs 2,000 foreign money notes would apply in case your order is delivered by a third-party supply companion.

The Reserve Financial institution of India eliminated the Rs 2,000 banknotes from circulation on Might 19, nonetheless, they’re nonetheless acknowledged as authorized tender. The RBI instructed banks to cease issuing banknotes with a face worth of Rs 2,000 proper now.

Individuals will probably be allowed to deposit Rs 2,000 banknotes into their accounts and/or trade them for notes of different denominations at any financial institution department as much as September 30, 2023, in line with the RBI.

The introduction of the Rs 2,000 banknote in November 2016 primarily helped to instantly fulfill the economic system’s demand for money in spite of everything Rs 500 and Rs 1,000 banknotes in circulation on the time misplaced their authorized tender validity.