The government has already spent over Rs 100 crore on referral and transaction cashbacks to BHIM users, it revealed in an RTI reply to MediaNama. The State Bank of India's account-holders got the highest share, netting 33.45% of the cashbacks at Rs 35.2 crore. (SBI's number was so high that it was displayed as an exponent (3.52E+08) in the RTI response.) SBI customers got almost four times as much cashbacks as the next most successful bank, Paytm Payments Bank. The cashback scheme was mostly revoked for individual transactions in July, with only referral cashbacks remaining. As such, the month-on-month growth of the cashback number is likely to be small. The government is now reportedly working on a new merchant-oriented scheme. In total, Rs 105.2 crore has been disbursed in cashback to users. This includes both merchant and individual cashbacks. SBI nets Rs 35 crore The top five banks are: SBI: Rs 35.2 crores Paytm Payments Bank: Rs 9.1 crores ICICI Bank: Rs 7.6 crores HDFC Bank: Rs 7.3 crores PNB: Rs 6.3 crores While an anonymous government official was previously quoted as saying that the 100 crore rupee mark was crossed, this data confirms it, along with a bank-wise break up (see bottom of article). Click here to see the entire breakdown as of September 2018 There are also around 11 co-operative banks which have been allotted less than Rs 2000 all in all in terms of BHIM cashbacks. "BHIM cashbacks discriminatory" In July, Mobikwik CEO Bipin Preet Singh had…
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