On the night of November 8, Prime Minister Narendra Modi announced a slew of steps to curb black money and counterfeit currency. Flipkart supports the government’s bold move. With immediate effect, Flipkart will no longer accept CoD payments (Cash-on-Delivery) in old ₹500 and ₹1000 currency notes, which have been declared as invalid by the Reserve Bank of India. New ₹500 notes issued by the Reserve Bank of India after November 10, 2016 will be accepted after they become available.
Have you already placed an order with CoD as your payment mode? No need to worry. You are encouraged to opt for card-on-delivery if this payment option is available at your location, or keep change ready in denominations other than ₹500 and ₹1000 currency notes.
For future orders, Flipkart urge you to opt for alternative payment modes such as internet banking, credit and debit cards, gift cards, and PhonePe, our easy and convenient UPI and wallet payments solution.
“Switching away from the CoD payments option is recommended for other reasons, too. Attractive financing plans such as No Cost EMI are available only on purchases made via non-cash payment methods. We understand that this sudden change of process may cause our customers some discomfort and inconvenience in the short term. However, in the long run, we believe that it is a necessary step and one that will help India stride confidently towards a digital payments economy,” says Flipkart.