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New Delhi. The popularity of Unified Payment Interface (UPI) for digital payments is increasing. Our life has become very easy by sending and receiving money through UPI. From grocers to vegetable sellers, people pay money through UPI. If you want to save on UPI transactions then this news is useful for you. Happy Savings Account of private bank DCB can prove helpful to get cashback on UPI transactions. You can get annual cashback up to Rs 7,500 on this savings account.

According to the bank, cashback of up to Rs 7,500 is given in a financial year on debit transactions through UPI from Happy Savings Account. For this, a minimum UPI transaction of Rs 500 will have to be done. Maximum cashback of Rs 7,500 in a year will be given on the basis of transactions done in a quarter and will be credited to the account after the end of a 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.

The minimum average quarterly balance (AQB) required for Happy Savings Account is Rs 10,000. To avail cashback on UPI transaction, a minimum balance of Rs 25,000 will have to be maintained in the account. With this account you will get unlimited free RTGS, NEFT and IMPS facilities. 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 payments, a facility like UPI gives you the facility to transfer money easily while sitting at home. For this you need UPI supporting apps like Paytm, PhonePe, BHIM, GooglePay etc. The special thing is that UPI gives you the facility to transfer money even if you have only one information like scanner, mobile number, UPI ID.

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