Friday, 22 June, 2018


BHIM App Now Offers Cashback Worth Up to Rs. 750 to Customers

BHIM App Now Offers Cashback Worth Up to Rs. 750 to Customers BHIM App Now Offers Cashback Worth Up to Rs. 750 to Customers
Conrad Doyle | 15 April, 2018, 12:02

Besides the cashback on the transaction of Rs 100 or higher, there is also another offer on a lower minimum amount which will make the users eligible for the cashback. On BHIM App customers are entitled to receive cashback right from downloading the application to making the transactions. The offer can be availed by both new and existing users. The users can enjoy the maximum benefit of Rs 500 per month. Previously, BHIM app extended its offer of cashback for the merchants to March 31, 2018. The individual users can enjoy cashback offer of up to Rs 750 per month.

Starting with new customers, they can earn up to Rs 51 cashback on BHIM, by completing their 1st financial transaction. The app needs to be downloaded from your registered mobile number. You can receive the cashback offer on sending funds up to Rs 1 or more.

The second part deals with the total number of monthly transactions. For the number of transactions less than 50 but equal to or more than 25, the app will offer a cashback worth Rs. 100, while a Rs. 200 cash back will be given for transactions equal to or more than 50 but less than 100. Previous year too, the government launched two new schemes - BHIM Referral Bonus Scheme and BHIM Merchant Cash back Scheme - to increase the number of users.

To attract more customers, BHIM app has launched a new cashback offer.

The merchants on BHIM who has declared himself/herself as "I Am A Merchant" and is receiving payments via BHIM/BHIM UPI app will be eligible for the Cashback of 10% of the transaction value with an upper cap of Rs 50 per transaction. This scheme is not limited to any minimum transaction amount. However, one can earn as much as Rs 250 cashback for more than 100 transactions every month. The merchants will get 10% of transaction value in nearly every transaction.

In the growing sector of fin-tech and UPI apps, BHIM, which is the official UPI app by the government is trying to make its position on the top by providing cashback to the users and merchants.

Mobile app BHIM or Bharat Interface for Money enables wire transfer of money via the Unified Payment Interface (UPI) interface.

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