Rs. 500, 1000 Notes Ban: HP Announces 50-Day Payment Holiday for Notebook Customers

HP India on Friday announced a 50-day payment holiday for its notebook customers, in a move designed to help customers facing cash crunch owing to the demonetisation of Rs. 500 and Rs. 1,000 currency notes.

In a surprise move, Prime Minister Narendra Modi earlier this week announced a ban on existing Rs. 500 and Rs. 1000 notes and introduction of new Rs. 2000 and Rs. 500 notes. This has led to temporary cash crunch across the country, with Rs. 100 note the biggest legal tender that most people have been left with.

(Also see:  500 and 1000 Notes Demonetised:​ Why the Move Is Unlikely to Push Digital Payments)

HP said via a statement that its payment holiday facility will be available under a special zero-interest EMI scheme and no down payment will be required at the time of purchase. The customers can buy any notebook launched in 2016 and the payment of EMIs will start from January 2017.

"We want our customers not to face any challenge in buying HP notebooks and have a hassle free experience to own a HP notebook," said Ketan Patel, Director, Personal Systems, HP India.

The scheme covers HP notebooks with the starting price of Rs. 23,190 and will be available at designated 1,100 HP stores including exclusive HP World stores across the country. The scheme will remain applicable till November 30.

Written with IANS inputs