By opening a Happy Savings Account with DCB Bank, you can get cashback of Rs 625 per month on UPI payments and up to Rs 7,500 per year. An average quarterly balance of Rs 25,000 is required in the account.
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New Delhi. If you make payments through UPI for everyday expenses, then this news is useful for you. You can get a fixed cashback on every transaction. For this, you will have to open a special account of DCB Bank of the private sector. The name of this account is Happy Savings Account. By making UPI payment through this account, you can get a cashback of up to 625 every month and up to 7,500 in a year.
How to get cashback?
You will have to open a Happy Savings Account in DCB Bank. Then, when you make a debit transaction (send money) through UPI, the bank will give you cashback on that transaction every quarter (in 3 months). You can get a maximum cashback of Rs 625 in a month and a maximum of Rs 7,500 in the whole year.
Some terms and benefits of the account
- It is necessary to maintain an average monthly balance (AMB) of at least Rs 10,000 in the account.
- To get cashback, the account must have an average quarterly balance (AQB) of Rs 25,000 or more.
- To get cashback, every transaction must be of at least Rs 500.
- In this account, you get the facility of free RTGS, NEFT and IMPS transactions.
- You can do unlimited free transactions 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.
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