UPI payments are now a daily habit for millions of Indians, and the real draw is the growing wave of rewards—including cashback, coins, points, and discounts. Experts share tips on how to get the most out of every transaction.
1. Know the Types of UPI Rewards
· Cashback: Direct money returned to your bank account or app wallet
· Points / Coins: Loyalty points that can be redeemed for offers, vouchers, or bill payments
· Discount Offers: Price reductions on purchases at partner merchants
· Scratch Cards: Instant rewards for completing transactions
Different apps and banks offer different reward structures, so check your platform carefully.
2. Use Multiple UPI Apps Strategically
· Popular apps like Google Pay, PhonePe, Paytm, BHIM frequently run exclusive offers
· Switch apps based on merchant-specific promotions or bank tie-ups
· Track reward limits per app to ensure maximum benefits
Example: Some apps give extra cashback on bill payments, others on grocery or fuel transactions.
3. Timing Your Transactions
· Reward offers often have limited-time promotions
· Weekdays, festival seasons, and app anniversaries may provide higher cashback percentages
· Pay attention to daily, weekly, or monthly caps on rewards
Timing payments during special campaigns can multiply your benefits.
4. Link Multiple bank Accounts
· Linking multiple bank accounts allows you to maximize app-specific offers
· Some apps provide bank-exclusive cashback, so having the right account can increase rewards
· Helps in splitting transactions to avail higher cashback tiers
5. Redeem Rewards Wisely
· Convert points or coins into bill payments, vouchers, or cash transfers
· Avoid letting rewards expire
· Monitor app notifications for special redemption offers
Some apps allow direct wallet-to-bank transfer, making rewards instantly usable.
6. Stay Updated on New Offers
· Follow app newsletters and social media handles
· Join loyalty programs or reward clubs offered by UPI apps
· Regularly check in-app reward dashboards for new deals
Staying informed ensures you don’t miss limited-time cashback and bonus points.
7. Final Takeaway
With UPI rewards increasing rapidly, smart usage can turn everyday payments into savings and benefits. Use multiple apps, time your transactions, and redeem rewards wisely to maximize every rupee spent.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk..jpg)
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