UPI transactions cashback: The popularity of Unified Payment Interface (UPI) for digital payments is increasing. Sending and receiving money through UPI has made our lives very easy. People pay everyone from grocery stores to vegetable vendors through UPI. If you want to save on UPI transactions, then this news is useful for you. Happy Savings Account of private bank DCB Bank can prove to be helpful in getting cashback on UPI transactions. You can get up to Rs 7,500 annual cashback on this savings account.
According to the bank, a cashback of up to Rs 7,500 is given in a financial year on debit transactions through UPI from Happy Savings Account. For this, a minimum UPI transaction of Rs 500 has to be done.
Maximum cashback of Rs 7,500 in a year
Cashback will be given on the basis of transactions done in a quarter and will be credited to the account after the end of a quarter. Happy Savings Account holders will get a maximum cashback of Rs 625 in a month and a maximum of Rs 7,500 in a year.
AQB should be Rs 25 thousand to get cashback
A minimum average quarterly balance (AQB) of Rs 10 thousand is required for DCB Happy Savings Account. To get cashback on UPI transactions, a balance of at least Rs 25 thousand has to be maintained in the account. With this account, you will get unlimited free RTGS, NEFT and IMPS facility. Apart from this, you can do unlimited transactions for free from any ATM of DCB Bank.
What is UPI
Let us tell you that UPI is a real time payment system. For digital payment, a facility like UPI allows you to transfer money easily from home. For this, you need UPI supporting apps like Paytm, PhonePe, Bhim, GooglePay etc. The special thing is that UPI allows you to transfer money even if you have only one information from scanner, mobile number, UPI ID.
