DCB Bank Happy Savings Account holders can earn up to ₹7,500 in cashback annually on UPI payments. The maximum monthly cashback is ₹625.
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Savings Account holders: 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 ₹7,500 cashback on UPI payments.
According to information provided by the bank, customers can earn up to ₹625 per month and up to ₹7,500 per year on UPI transactions made through Happy Savings Accounts.
How to get cashback
To take advantage of this offer, you must open a Happy Savings Account with DCB Bank. Afterward, when you send money (debit transactions) through UPI, the bank will credit cashback on your transactions every quarter, or three months.
Account Terms and Benefits
- Maintaining an average monthly balance (AMB) of at least ₹10,000 in the account is mandatory.
- To qualify for cashback, the average quarterly balance (AQB) must be ₹25,000 or more.
- The minimum transaction amount is ₹500.
- Customers will receive free RTGS, NEFT, and IMPS transactions.
- 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 phone, 24 hours a day, 7 days a week. This system was developed by the National Payments Corporation of India (NPCI). UPI connects your bank account to 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.
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