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If you use UPI payments for everyday expenses, this news is useful. Private sector DCB Bank is offering its customers a great offer. Happy Savings Account holders can earn up to ₹7,500 cashback on UPI payments.

According to information provided by the bank, customers can earn up to ₹625 per month and up to ₹7,500 per year on UPI transactions made through Happy Savings Accounts.

How to get cashback
To take advantage of this offer, you must open a Happy Savings Account with DCB Bank. Afterward, when you send money (debit transactions) through UPI, the bank will credit cashback on your transactions every quarter, or three months.

Account Terms and Benefits
It is mandatory to maintain an average monthly balance (AMB) of at least ₹10,000 in the account.

To qualify for cashback, you must have an average quarterly balance (AQB) of ₹25,000 or more.

The minimum transaction amount is ₹500.

Customers will receive free RTGS, NEFT, and IMPS transactions.

Unlimited free transactions are also available from any DCB Bank ATM.

What is UPI?
Unified Payments Interface (UPI) is a digital payment system that allows you to send and receive money instantly from your mobile phone, 24 hours a day, 7 days a week. This system was developed by the National Payments Corporation of India (NPCI). UPI connects your bank account with mobile apps (such as Google Pay, PhonePe, Paytm, BHIM, etc.).

Every user receives a UPI ID or QR code, which allows them to send or receive money without entering bank details. If you want to send ₹500 to someone, simply enter their UPI ID, the amount, and the UPI PIN. The money will be transferred instantly.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.