PhonePe Offer: Get 50% Cashback up to Rs 150 on your First UPI Transaction

PhonePe Offer: When you do your first-ever UPI transaction on the PhonePe App, you will gets 50% Cashback (up to 150).

This offer has started on 19th April 2017 and will be valid till 21st May 2017.

Read More: How to get started with PhonePe app.

How to get 50% Cashback on First UPI Transaction

  1. Download: Download the app from Google Play Store and Apple App Store.
  2. Verify Mobile Number: After downloading the app, open the app and verify your mobile number (your registered mobile number should be the same as the one registered with your bank account).
  3. Details: Enter your name, email address and set your 4-digit password and activate your wallet.
  4. Virtual ID: Tap on Create New Virtual Private Address (VPA).
  5. Link: Link your bank account to the app by selecting your bank and the app will automatically fetch the details.
  6. Confirm: Confirm your bank details and start using the app to send or receive money or transact online with ease.
  7. First UPI Transaction: Now, initiate your first-ever UPI Transaction Minimum 100. You can either do recharge, bill payment or transfer or send money. Complete the payment via linked Bank Account (UPI Transaction).
  8. 50% Cashback: Instantly, you will get 50% Cashback upto 150 in your wallet on completion of transaction. Once you will get cashback you can transfer into your Bank account.

PhonePe Offer is valid for only

  1. Send money transactions using UPI to other PhonePe users.
  2. If a transaction is done with payment through UPI on the PhonePe app in the following categories provided on the PhonePe app – Mobile, Datacard, DTH, Broadband, Electricity, Landline, Insurance and Gas.

Read More: Everything about Unified Payments Interface (UPI)

Transfer Cashback on your UPI-linked Bank A/C

  1. Now click on Menu than Click on Wallet Balance.
  2. Now click and hold on PhonePe wallet & drop on your Bank Icon.
  3. Finally, you will get cashback in your bank account.

Points to Remember

  1. Offer is not valid for users who have made a UPI payment using PhonePe on partner applications.
  2. This offer will be valid once per user and once per Smartphone and once per bank account.
  3. The Cashbacks will be credited to the PhonePe Wallet within 24 hrs.
  4. This offer cannot be clubbed with any other offers or cashback such as PhonePe 20-20 League.

Read More: PhonePe live on iOS!

Terms & Conditions

  1. Offer is not applicable for users where the first UPI transaction is done on a partner/merchant (application/website) which has integrated PhonePe as a payment option.
  2. PhonePe has the right to amend the terms & conditions, end the offer, or call back any or all of its offers without prior notice.
  3. In case of dispute, PhonePe reserves the right of final decision on the interpretation of the Terms & Conditions.
Megha Jain

Engg & Freelance Author

Straight forward