BHIM app offers attractive cashback: Here's how you can claim

BHIM app offers attractive cashback: Here's how you can claim

In order to convince more users to download the app, the government has now announced a cashback scheme, which is not only for the customers but the merchants as well.

Payments app are attracting the users with attractive cashbacks or coupons.

The move comes days after the Ministry of Electronics and IT (MeitY) extended the BHIM cashback scheme for merchants until March 31.

This is not for the first time that the government has been offering cashbacks for the promotion of BHIM app.

Well, there is also cashback schemes for the merchants.

Under the new cashback scheme, customers who complete the first successful financial transaction will get a cashback of Rs 51. This means the customers can make the transaction for an as low amount as Re. 1 to avail the cashback. Also, for every transaction for a minimum of Rs 100 to any VPA (Virtual Payment Address)/ UPI ID, bank account, or mobile number, the BHIM app is offering a cashback of Rs 25 however the cap on this has been set to Rs 500 per month. The minimum transaction value should be Rs 100.

Cashback of Rs 100 will be given by the app to the customers making transactions between the 25 to 50 numbers and users who will do more than 50 transactions but less than 100 transactions will get cashback of Rs 200.

Likewise, for 50 or more but less than 100 transactions, you'll get Rs. 200 cashback and for more than 100 transactions, you will get Rs. 250 cashback.

Speaking of the cashback opportunities for merchants, the BHIM app provides a cashback of 10% of the transaction value with an upper cap of Rs 50 per transaction for this the merchants will need to credit at least ten transactions with a minimum value of Rs 25.

The merchants on the BHIM App will get cash back of 10 per cent of the transaction value - a maximum of Rs 50. The latest one to be added to the list is the BHIM app. The Prime Minister had unveiled Bhim in December, after demonetisation, to boost digital payments.



Related Posts

Google Launches New Gmail Design Soon
It is speculated that this new feature is closely going to follow the update in Gmail's interface. Google is introducing " Confidential Mode " in its new Gmail design to be launched very soon.

Lam Research (NASDAQ:LRCX) Coverage Initiated by Analysts at UBS
BidaskClub lowered shares of Lam Research from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 2nd. L & S Advisors Inc decreased Celgene Corp (NASDAQ:CELG) stake by 21,150 shares to 13,114 valued at $1.37 million in 2017Q4.

Florida woman arrested after 2-year-old tests positive for 'chronic' meth
The toddler tested positive for both drugs at high enough levels to indicate to medical examiners it was not a one-time incident. The child's toxicology results suggest that the toddler may have been exposed to drugs on more than one occasion.

UK PM May says British forces conduct targeted strike against Syria
Also that it is not about a wider intervention in the Syrian civil war which would, in our view, be counter productive. Putin's foreign ministry has branded the attacks a "tremendous blow to the negotiation process".

Cognizant Technology Solutio (CTSH) Holder Rmb Capital Management LLC Decreased Position
It improved, as 43 investors sold XLNX shares while 169 reduced holdings. 76 funds opened positions while 181 raised stakes. BidaskClub upgraded Cognizant Technology Solutions from a sell rating to a hold rating in a report on Friday, January 19th.

Celgene Corporation (NASDAQ:CELG) Rating Changes as of April 14, 2018
It worsened, as 153 investors sold GE shares while 921 reduced holdings. 162 funds opened positions while 508 raised stakes. Savant Cap stated it has 2,300 shares. 465,474 are held by Aperio Ltd Liability Com. 6,502 were accumulated by Hilltop.

Bristow Group Inc. (BRS) Surged to $15.20 on April , 14
Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0% invested in Bristow Group Inc . (NYSE:BRS) for 7,500 shares. Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry.

Strikes on Syria only complicate situation
Trump, while addressing the nation on Friday night, said the joint strike with France and the United Kingdom was now underway. The strikes come one week after reports of a grisly chemical attack in the town of Douma that killed more than 40 people.

Stocks within Investors Radar: CommScope Holding Company, Inc. (COMM), Insmed Incorporated (INSM)
It turned negative, as 27 investors sold INSM shares while 40 reduced holdings. 18 funds opened positions while 49 raised stakes. After $0.17 actual EPS reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts 76.47% EPS growth.

Trial on hold for woman in wreck that killed two
She had to undergo 56 surgeries and doctors wanted to perform more on her but her body could not tolerate further procedures. Slager's attorney argued the footage was obtained improperly and that it violated the suspect's right to confrontation.

© 2015 ExpressNewsline. All Rights reserved.