PhonePe Loot: Trick to Get Rs 200 in Bank Absolutely Free


PhonePe Wallet is Back with another UPI Offer. This time get 50% Cashback on first UPI Transaction. Today in this Trick you will earn or Get Rs 200 Absolutely Free that too in your Bank account. We are going to Use this 50% Cashback offer to get Rs 200 in Bank absolutely free. So let’s Start!!


Note: This Trick will Only Work for the First UPI Transactions so Make sure you haven’t done any UPI Transaction with PhonePe yet.

About PhonePe Trick:

Here we are going to use PhonePe Latest Offer which gives 50% Cashback on First UPI Transaction of Send Money or Recharge, Bill Payments through UPI.

So you will get Cashback on Even transferring Money from One PhonePe account to Another through UPI.

In this Trick, we will transfer Rs 400 to your another PhonePe Wallet or Friend’s PhonePe wallet through UPI and you will get Rs 200 Cashback in your main PhonePe account. Your transferred Rs 400 is with you itself. So you got Benefit of Rs 200 in PhonePe Wallet which you can take back to your Bank instantly!


Steps to Get Rs 200 in Bank from PhonePe Absolutely Free:

1. Download or Update PhonePe app from Playstore: Click Here



2. Install and Open the app and Signup for New account.

3. Please note that the number using which you register is inserted in your phone. It will auto verify using SMS Verification Method.

4. Now Link your Bank account which is linked to your PhonePe Registered number.

UPI Transaction Main Trick Starts Here:

So we need to do an UPI Transaction to get 50% Cashback (max Rs 200). So we can do Send Money or Recharge/Bill payments and get 50% cashback. Means we will send money to any of our friend or to self (another account) and this way we will do the first UPI Transaction & Get the Cashback as Offered.

Note: You can also Do Recharge/Bill Payments in order to Complete your First Transaction

Step 1: So if you have a self another account then just check your Virtual Payment Address or ask your friend for his/her virtual payment address.

How to Know Virtual Payment Address?

  • Open PhonePe app.
  • Then Go to Your Account.
  • Scroll down and you will see Virtual Payment Address.
  • Just copy that. That is your virtual payment address which you will need if you want to send/receive money using UPI.

Step 2: Once you know the Virtual Payment Address, you can do the Send Money UPI Transaction now.

So Just open PhonePe app, click on Send Money button and select VPAS option from the top bar.

Step 3: Enter the Virtual Payment Address of the Person to whom you are transferring the amount.

Step 4: Now enter amount as Rs 400 to get the full benefit of 50% Cashback offer.

Step 5: Click on Pay from Bank and proceed ahead. Do the payment from your linked Bank account using MPIN, don’t worry, you will get back your spent Rs 400 + Extra Rs 200 Free.

Step 6: Complete the Transfer money process and Yippee, you will receive SMS confirmation along with Rs 200 cashback notifications!

Step 7: The amount you sent will be directly credited to the bank account of the person to whom you sent. So now ask your friend to send it back to you or if you have done with your own different account then just follow the same steps and send back the money to your main account so that you get back your invested Rs 400 + your friend (or your secondary account’s) first UPI transactions is counted and you get Rs 400 more cashback in your secondary account or your friend’s account!

That’s it. For unlimited loot, just follow the steps again with your more PhonePe wallet accounts! Trick is just meant for educational purposes. Don’t misuse it!


Hope all the Steps are clear, still if you have any doubt, question or query then please share them in below comments, we will help you out! Thank you!

Some Terms & Conditions of PhonePe Offer:

  • This offer is available for the first ever UPI transaction using PhonePe.
  • Valid transactions for cashback are Bill Payments, Recharges and Sending Money.
  • Users who have transacted using UPI on PhonePe before either on it’s App or on a Merchant , will not be eligible.
  • The offer gives 50% cashback upto a maximum of ₹ 200.
  • Cashback will be credited to the PhonePe wallet within one working day.
  • Offer Valid only once for each registered PhonePe user.
  • Offer is Valid only once per Smartphone.
  • PhonePe has the right to amend the terms & conditions, end the offer, or call back any or all of its offers without prior notice.
  • In case of dispute, PhonePe reserves the right of final decision on the interpretation of these Terms & Conditions.
  • This offer is valid from 1st March to 7th March 2017.


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