DCB Bank: This bank will give ₹ 7,500 cashback annually on UPI transactions, know how you can take advantage of it..

The popularity of the Unified Payment Interface (UPI) for digital payments is increasing. Sending and receiving money through UPI has made our lives much easier. People pay everyone from grocery stores to vegetable vendors through UPI. If you want to save on UPI transactions, then this news is useful for you. Happy Savings Account of private bank DCB Bank can prove to help get cashback on UPI transactions. You can get up to Rs 7,500 annual cashback on this savings account.

According to the bank, a cashback of up to Rs 7,500 is given in a financial year on making debit transactions through UPI from Happy Savings Account. For this, a minimum UPI transaction of Rs 500 has to be done.

Maximum cashback of Rs 7,500 per year
The cashback will be given based on transactions done in the quarter and will be credited to the account after the end of the 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
The minimum average quarterly balance (AQB) required for a DCB Happy Savings Account is Rs 10 thousand. To get cashback on UPI transactions, a balance of at least Rs 25 thousand has to be maintained in the account. With this account, you will get the facility of unlimited free RTGS, NEFT, and IMPS. Apart from this, you can do unlimited transactions for free from any ATM of DCB Bank.

What is UPI
Let us tell you that UPI is a real-time payment system. For digital payment, a facility like UPI allows you to transfer money easily from 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 piece of information out of the scanner, mobile number, UPI ID.