After a long wait, Bhim UPI is giving an opportunity to earn ₹20 every month by activating UPI Lite and making 5 transactions. The cashback offer is available on their official website.
What is Bhim UPI Lite?
Currently, almost every UPI app has its Lite version, which essentially works as a wallet. Users can add up to ₹2000 in the UPI Lite section and use the money for payments whenever needed. UPI Lite supports all online merchants and e-commerce payments without any downtime or UPI PIN. The balance can also be easily transferred back to your bank account without any issues.
How to Get ₹20 Cashback?
1) First, Download open the Bhim UPI app (make sure it’s set up and linked to your bank account)
2) Activate UPI Lite.
3) Topup: Add ₹500 to UPI Lite from your Bhim UPI linked account.
4) Now, make a payment of ₹100 to any UPI ID, or you can transfer the amount to your own account.
5) Complete 5 UPI transactions of ₹100 each (₹100 × 5 = ₹500).
6) Done! Wait for the next 10 days of the month, and you will receive ₹20 cashback directly to your bank account.
7) The cashback amount credited from the Razorpay payment gateway.
1. Definitions:
- “Offer”: The opportunity to earn ₹20 cashback by using the UPI LITE feature on the BHIM app, as explained in section 2.
- “Offer Period”: From 25th November 2024 to 31st December 2024.
- “User”: Any person who has activated UPI LITE Wallet on BHIM.
2. Eligibility:
- The Offer is open to all new and existing BHIM users.
- Users must complete at least 5 successful UPI Lite transactions totaling ₹100 or more.
- Each User can earn cashback only once during the Offer Period.
- Multiple cashback claims cannot combined. In case of multiple transactions, the maximum cashback given.
3. Other Terms and Conditions:
These terms are in addition to the BHIM terms and conditions and UPI LITE terms. All capitalized terms not defined here are based on those documents.
Participation in this Offer is voluntary. By participating, users agree to these terms.
NPCI (National Payments Corporation of India) can change or cancel the Offer at any time, without prior notice.
NPCI’s decision on all matters related to the Offer is final and binding.
If any fraudulent or suspicious transactions are detected, the User removed from eligibility.
Cashback credited within 14 days after the Offer ends, i.e., by 14th January 2025.
NPCI will attempt to credit the cashback twice. If the transaction fails both times, the cashback Offer withdrawn.
Disputes regarding the Offer settled in the competent courts of Mumbai.
Users must have an active bank account linked to BHIM for the cashback to be credited.