Online shopping slows as Cash On Delivery orders put on hold
News you can use. As the government moves to remove Rs 500 and Rs 1000 notes from circulation, there has been a full stop on the COD orders coming in to online shopping site.
Merchants have said they will not be accepting payments in notes of those denominations that now stand banned.
In a surprise move, Prime Minister Narendra Modi announced via a national televised address that the country is taking all existing 500 and 1,000 rupee notes out of circulation in a bid to tackle the massive issue of black money. With leaving no time for adjustments of any kind, he has hit the problem on the head. In his address he said this was an effort to get rid of counterfeit cash out of the financial system.
However there has been no reason to panic for those who have no black money trails. This info graphic shares what all can be done.