This bank will give ₹ 7,500 cashback per year on UPI transactions, know how you can take advantage

New Delhi. Unified Payment Interface (UPI) is growing in popularity for digital payments. Sending and receiving money through UPI has made our lives so much easier. From grocers to greengrocers, people pay money through UPI. If you want to save on UPI transactions then this news is useful for you. Private Bank DCB’s Happy Savings Account can be helpful in getting cashback on UPI transactions. You can get annual cashback of up to Rs 7,500 on this savings account.

According to the bank, a cashback of up to Rs 7,500 per financial year is given on debit transactions through UPI from the 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 based on the transactions done in the 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.
DCB Happy Savings Account requires a minimum Average Quarterly Balance (AQB) of Rs 10,000. To avail cashback on UPI transactions, you need to maintain a minimum balance of Rs 25,000 in the account. With this account you will get unlimited free RTGS, NEFT and IMPS facilities. Also, you can make unlimited transactions for free at any DCB Bank ATM.

What is upi?
We tell you that UPI is a real time payment system. For digital payments, a facility like UPI allows you to easily transfer money from the comfort of your 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 like scanner, mobile number, UPI ID.

Tags: Cash Back Offers, Save money, UPI payment