The Government of India is promoting expansion of digital transactions and now we have started a special cash refund offer. These cash back offers will apply to customers and merchants. Official Digital India account visited Twitter and posted tweets about the latest offer.
# JUSTIN | @ NPCI_BHIM User's good news! @ NPCI_NPCI has announced new and existing # BHIMCashback plan ... https://t.co/ubDKSjVySi
According to the new cashback plan, customers who complete the first successful financial transaction will receive a cashback of Rs 51. Since the minimum amount has not been set, the transaction amount can be any number. The BHIM app provides a cash refund of 25 rupees per transaction and is the minimum of Rs 100, any UPI ID, support account, virtual payment address or mobile phone number. However, in this case, the maximum cash back limit is 500 rupees per month.
Among other offers, transactions over 100 rupees, there is a cash refund with the lowest transaction value Rs. 10. If the number of transactions for the user is less than 50 and greater than 25, the BHIM application provides the cashback value Rs. 100. If the transaction is 50 or more and less than 100, a cashback of 200 rupees will be offered. Similarly, the BHIM application provides a cashback value Rs. The number of transactions below 100 is 250.
For merchants, the BHIM app will offer cash revenue of 10% of the transaction amount up to Rs. Every 50 merchants per transaction needs to make at least 10 transactions with a credit of at least 25 rupees. In addition, there is cash reduction of 10% of transaction amount, the upper limit is rupee. 50. These cash back offers apply to bank merchants receiving payment through BHIM UPI or BHIM application. The merchant must confirm that the value of at least five transactions is rupees. To use cashback 25
Even if the user of BHIM application deals with more than 25 transactions, if you make a transaction less than 50 per month, you can receive a cash refund of 100 rupees. For transactions between 50 and 100, 200 rupees are provided as cashbacks. There are cash refunds of 250 rupees for those who trade more than 100 times a month. All these transactions are required over 10 rupees. Up to 50 rupees - BHIM application merchants receive 10% cash proceeds of transaction amount. Other bank merchants that receive UPI payments through the BHIM application will receive a cash return of 10% of the transaction amount up to Rs. 50 rupees.
According to the new cashback plan, customers who complete the first successful financial transaction will receive a cashback of Rs 51. Since the minimum amount has not been set, the transaction amount can be any number. The BHIM app provides a cash refund of 25 rupees per transaction and is the minimum of Rs 100, any UPI ID, support account, virtual payment address or mobile phone number. However, in this case, the maximum cash back limit is 500 rupees per month. Among other offers, transactions over 100 rupees, there is a cash refund with the lowest transaction value Rs. 10. If the number of transactions for the user is less than 50 and greater than 25, the BHIM application provides the cashback value Rs. 100. If the transaction is 50 or more and less than 100, a cashback of 200 rupees will be offered. Similarly, the BHIM application provides a cashback value Rs. The number of transactions below 100 is 250.
The new BHIM application user will receive a cash return of Rs. 51 after the first transaction is completed. The application needs to be downloaded from your registered mobile phone number. The user successfully links to his / her bank account, completes the first transaction, remit Re 1 or more and obtains the cash back amount. The BHIM application also provides a cash refund of Rs. 25 for each unique transaction via VPA / UPI ID, account number or mobile number. The minimum transaction amount should be 100 rupees. Users can receive up to 500 rupees cash back every month.