The CM of Andhra Pradesh, Pawan Kalyan has made it a habit to react to the burning topics. He has done the same now as he reacted on the Amazon prime gift card scam that has been affecting people.
”Of late, few complaints raised by amazon gift card users have been brought to my attention. It is indeed concerning to realise that the expired gift card balance of amazon users would be lost into dormant accounts. Even my office experienced this issue of lost balances from expired gift cards. The hard-earned money of many users remains tied up and ultimately vanishes without any recourse.
Over 295 million Indians actively use e-commerce platforms, with 1 billion+ gift cards purchased on Amazon India alone.
As per RBI guidelines on Prepaid Payment Instruments, all PPIs must have a minimum validity of one year. If inactive for a year, the account should be deactivated only after prior notice, with the balance refunded to the source or transferred to a KYC-linked bank account.
I urge platforms to ensure transparency and fairness to protect consumers from unnecessary losses.” Pawan tweeted a short while back.
Of late, few complaints raised by amazon gift card users have been brought to my attention. It is indeed concerning to realise that the expired gift card balance of amazon users would be lost into dormant accounts. Even my office experienced this issue of lost balances from… pic.twitter.com/V8m3SIb0R9
— Pawan Kalyan (@PawanKalyan) January 25, 2025