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On Monday, the E-commerce major Flipkart has launched its instant refund facility which will help its customers to get refunds as early as within 24 hours of returning the products.
The process of refund used to take three to five days previously.
Flipkart said in a statement, “Continuing the innovation journey by announcing this newly launched payment mechanism, Flipkart aims to ensure that refunds for Cash on Deliver (CoD) orders are credited back to customers instantly, as soon as the product reaches the Flipkart hub.”
It said that the instant refund will be completed using Immediate Payments System (IMPS) transfers and entitled customers will be regularly notified about the status of their refund via SMS and emails.
