📅 Last Verified: October 2026⚡ Status: Active Offer
Why Choose PhonePe?
✓
Instant scratch cards & cashback on first payment
✓
Zero fee on UPI money transfers between any bank
✓
Widest merchant acceptance across India
✓
Convenient recharge, bill payment, insurance & gold buying
How the Offer Works
The PhonePe refer-and-earn program enables new and existing users to earn rewards when onboarding through an official invitation link. When an eligible referee completes account verification and satisfies qualifying transaction criteria, the referral incentive is credited according to company policy.
Program Reward Summary:
Reward: ₹200
Eligibility Criteria
Valid Indian mobile number not previously linked with PhonePe on that handset.
Active Indian bank account with debit card / Aadhaar UPI setup.
Qualifying first money transfer made within promo period.
Steps to Claim the Offer
1
Click the PhonePe referral link to download the app from Play Store/App Store.
2
Verify mobile number via SMS and select your bank to fetch account details.
3
Set up UPI PIN using your debit card or Aadhaar.
4
Send minimum ₹1 to any UPI ID or scan a merchant QR.
5
Earn cashback reward / scratch card directly in PhonePe.
Terms & Conditions
Referral rewards may depend on eligibility, successful account opening, transactions, KYC verification, or other conditions imposed by PhonePe:
Referee must install PhonePe via the referral link and register a new mobile number.
Referee must link a bank account and make their first UPI transaction within 15 days.
Cashback or scratch card is credited to your PhonePe wallet/gift card balance.
Offer is valid once per referred device and bank account.
Official Terms of Service
Review the authoritative terms directly on the official PhonePe web portal:
Where does the PhonePe referral cashback get credited?
The cashback is credited directly to your PhonePe wallet or PhonePe gift card balance.
How many days does the referee have to complete their first UPI payment on PhonePe?
The referee must link a bank account and execute their first UPI money transfer within 15 days of installing the app.
Important Notice: Referral rewards, cashback rates, promotional conditions, and eligibility rules are subject to change by PhonePe without prior notice. DematRefer does not guarantee any third-party reward fulfillment. Users must inspect official terms before participating.
Risk Disclosure: Securities investments and financial products carry market risk. Read all scheme and regulatory disclosure documents carefully before opening an account or investing.
