Now Rs 2000 note will not work here, it will be banned from today - Newztezz Online

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Tuesday, September 19, 2023

Now Rs 2000 note will not work here, it will be banned from today

RBI had announced on May 19 that Rs 2000 notes were being taken out of circulation. After which RBI had given 4 months time to the people of the country to exchange and deposit these notes.

Yes, Amazon, one of the world's largest e-commerce companies, has stopped accepting Rs 2000 notes in India from today i.e. Tuesday. According to the information, Amazon executive will no longer accept Rs 2000 note during cash-on-delivery (COD) payment. Whereas if a third party courier service brings your order, then it can accept Rs 2000 note. On May 19, 2023, RBI had announced to remove Rs 2000 note from circulation.

RBI had asked all the people of the country to deposit or exchange their Rs 2000 notes by September 30. Union Minister of State for Finance Pankaj Choudhary had revealed in Parliament that till June 30, Indian banks had received Rs 2.72 trillion worth of Rs 2,000 banknotes. According to RBI, 76 percent of these Rs 2000 notes have either been deposited in banks or exchanged.

Third party will make its own policy

Amazon has moved ahead in the phase of adopting RBI's decision of September 19 to demonetise Rs 2000 notes. This is the reason why the company has refused to accept Rs 2000 notes on cash on delivery. However, this change will not affect those who choose delivery option through third party courier partners associated with Amazon. These courier services will implement their own policy regarding collection of Rs 2,000 notes.

30th September is the last date

After Amazon's decision, people's heartbeats have increased again. People who have not deposited or exchanged Rs 2000 notes have started turning to banks. At the same time, the deadline for depositing or exchanging these notes is also coming very close. People of the country will have to deposit bank notes by 30th September. Earlier, RBI had revealed that 50 per cent of the Rs 2,000 notes were returned to banks within just 20 days of the withdrawal announcement.

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