UPI Payment : If you use UPI payments for everyday expenses, this news is useful for you. Private sector DCB Bank is offering its customers a great offer. Happy Savings Account holders can earn up to Rs 7,500 cashback on UPI payments. According to the information given by the bank, customers can get cashback up to Rs 625 every month and up to Rs 7,500 in a year on UPI transactions made from Happy Savings Account.
How to get cashback?
To take advantage of this offer, you’ll need to open a Happy Savings Account with DCB Bank. When you send money via UPI (debit transactions), the bank will credit cashback on your transactions every quarter.
Account Terms and Benefits
It is necessary to maintain an average monthly balance (AMB) of at least Rs 10,000 in the account.
To get cashback, the average quarterly balance (AQB) should be Rs 25,000 or more.
The minimum amount for each transaction has been fixed at Rs 500.
Customers will get RTGS, NEFT and IMPS transactions free.
Unlimited free transactions are also available from any DCB Bank ATM.
What is UPI?
Unified Payments Interface (UPI) is a digital payment system that allows you to send or receive money instantly from your mobile, 24 hours a day, 7 days a week. This system was developed by the National Payments Corporation of India (NPCI). UPI links your bank account with mobile apps (like Google Pay, PhonePe, Paytm, BHIM, etc.).
Every user receives a UPI ID or QR code, which allows you to send or receive money without entering bank details. If you want to send Rs 500 to someone, simply enter their UPI ID, the amount, and the UPI PIN. The money will be transferred instantly