Business

The E-Commerce giant Amazon has declared that it will not accept ₹2000 banknotes for cash on delivery services. As mentioned in the FAQs on using Rs. 2,000 notes for Cash on Delivery (COD) Payments and Cashloads, Amazon has clarified that it will not accept Rs. 2,000 notes for Cash on Delivery (COD) Payments and Cashloads starting from September 19th, 2023. However, if the products are delivered through a third-party courier partner, then their own policies around the acceptance of Rs. 2,000 currency notes shall apply.

In November 2015, the government introduced the Sovereign Gold Bond Scheme as part of the Gold Monetization Program. Sovereign Gold Bonds, as the name suggests, are government-backed securities that allow investors to participate in the gold market without the need to physically own or store gold. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India and represent a way for the government to raise funds while providing an attractive investment opportunity for individuals.