This App Is Giving Rs 750 Cashback Each Month; Here’s How To Avail It
The government has brought an attractive cashback offer to BHIM users. The offer allows BHIM users to get Rs 750 cashback every month under some conditions. The offer is applicable to both new and existing users.
Under this new offer rolled out by Bharat Interface for Money (BHIM) App has rolled merchants are also getting a cash back up to Rs 1000 per month.The move comes days after the Ministry of Electronics and IT (MeitY) extended the BHIM cashback scheme for merchants until March 31.
The customer cash back scheme gives users up to Rs 750 cashback every month, while merchants can get cash back up to Rs 1000 per month.
Follow these steps to get the BHIM cashback offer:
-If you are installing the BHIM app for the first, you will be provided RS 51 cashback but only after you carry out your first transaction ever through the app. For first time users, it is necessary to carry out a transaction for the aforementioned cashback, regardless of how less the amount is. For your first transaction ever from the app you will be asked to link your bank account to it.
-Now that you have linked your bank account with the app, you will get Rs 25 cashback at every valid transaction that will be carried out by you using VPA/UPI ID, account number or even your mobile number. However, not that the minimum amount of transactions should be Rs 100 and Rs 500 is the maximum cashback that can be earned via this method.
-If you successfully carry out over 25, but less than 50 transactions each month, you will be rewarded with a cashback of Rs 100.
If you carry out transactions between 50 to 100 transactions, cashback of Rs 200 will be offered to you and if there are more than 100 transactions, then total Rs 250 cashback will be given to the user. Any transactions above Rs 10 shall be considered for this cashback method.
This cashback offer is not just limited to the users but the merchants will also be rewarded with the cashback by the app.
According to the offer, merchants will be receiving a cashback of 10% of the value of the transaction, whose maximum amount shall be Rs 50, being the maximum amount for transaction. Merchants who use UPI based transactions using BHIM App are also eligible for this cashback of 10%.
Well, this is not exactly the first time that the Indian government has offered cashback to BHIM users to promote the app widely. Even last year only the government launched two new schemes namely BHIM Referral Bonus Scheme as well BHIM Merchant Cashback Scheme – to increase the number of users it had then.