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New customers will get a cashback of Rs 51 after completing their first transaction through BHIM App. There will be no minimum limit for this transaction. This means that if new customers do a transaction of even Rs 1, they will get a cashback of Rs 51. Apart from this, BHIM app is giving cashback of Rs 25 on every minimum unique transaction of Rs 100. In this, the user can get cashback up to Rs 500 per month. Whereas, if the transaction is less than Rs 50 but Rs 25 or more then Rs 100. cashback Can be availed. Similarly, on doing transactions of Rs 100 or its equivalent, you will get the benefit of cashback of Rs 250.
Talking about offers for merchants, 10 percent cashback is being given on every transaction. Merchants will have to make 10 transactions of Rs 25 or equivalent value. Apart from this, the app is giving 10 percent of the transaction up to Rs 50 as cashback. This will be given by any bank using BHIM. For cashback, minimum 5 transactions should be of Rs 25 or equivalent value.
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