Paytm Payments Bank: ₹150 cashback on Add Money & Maintain Balance

Add Money & Maintain Balance: Deposit Rs. 5000 in your PPBL account and maintain balance to get Rs. 150 CB

Proceed

Offer Eligibility and Details

• Paytm Payments Bank Customers (“Customers”) who qualify in this Offer will get a Cashback scratch card worth ₹150 in their Paytm Wallet.
• This offer is applicable only to the Customers who register, and deposit money (min. ₹5000) between 6th Sep 2023 00:00:00 hours, and 11th Sep 2023, 23:59:00 hours, and maintain the daily balance till 18th Sep 2023, 23:59:00 hours.
• Customers adding greater than or, equal to ₹5000 to his/her Paytm Payments Bank Savings Account by 11th Sep 2023, will be considered to qualify only the first step for this campaign.
• Daily balance to be maintained till 18th Sep 2023 will be computed basis customer’s day end balance of 5th Sep 2023 + the net deposits done (min. ₹5000) till 11th Sep 2023. This balance at end of day of 11th Sep 2023 has to be higher by min. ₹5000 than the day end balance of 5th Sep 2023. If balance on any day between 12th Sep 2023, and 18th Sep 2023 drops below the day end balance of 5th Sep 2023 + min. ₹5000– the customer will get disqualified in the “daily balance” maintenance criteria. Hence, won’t be eligible for the Cashback.

Illustration 1:

if the day end balance on 5th Sep 2023 was ₹1500, and the amount deposited/withdrawn are as follows:

07th Sep: +₹5900 (deposit)

09th Sep: -₹6300 (withdrawal)

11th Sep: +₹7000 (deposit)

In this case, the customer has net deposited ₹6600 till 11th Sep 2023, and has qualified the minimum deposit criteria of ₹5000, and will now have to maintain minimum daily balance of ₹6500/- [₹5000 (min. deposit requirement) + ₹1500(day end balance of 5th Sep 2023)] till 18th Sep 2023 to qualify for Cashback.

Illustration 2:

if the day end balance on 5th Sep 2023 was ₹1500, and the amount deposited/withdrawn are as follows:

07th Sep: +₹4200 (deposit)

08th Sep: +₹5700 (deposit)

11th Sep: -₹5000 (withdrawal

In this case, the customer net deposited ₹4900 (4200+5700-5000=4900) till 11th Sep 2023 – and hence failed to meet the minimum deposit criteria of ₹5000 – leading to ineligibility for the Cashback.

• The offer is valid for Paytm Payments Bank customers who have been communicated this offer
• This Cashback is funded by Paytm Payments Bank (“PPBL”)

Offer Duration

Users have to deposit the money within the time period starting from 6th Sep 2023 00:00:00 and ending on 11th Sep 2023, 23:59:00 and maintain the daily balance till 18th Sep 2023, 23:59:00.

Rewards

• All cashbacks will be issued within a period of 30 days from 18th Sep 2023
• The Qualifying Customers will be given a Scratch Card worth ₹150 in the “Cashbacks & Offers” Section of Paytm App with a validity of 7 days. Customers’ needs to scratch the same to get the cashback credited to their Paytm Wallet.
• Each customer is only eligible to avail the offer once during the campaign period.
• PPBL reserves its absolute right to withdraw and/or alter any terms and conditions of the offer at any time without prior notice.