Does bhim UPI give cashback?

Yes, BHIM UPI offers cashback and incentive schemes to promote its use. These include the BHIM Cashback Scheme for individuals and the BHIM Aadhaar Merchant Incentive Scheme. For merchants, there is an incentive of 0.5% of the transaction value, with minimum and maximum caps, when receiving payments via the BHIM Aadhaar app. Cashback promotions are periodically run for users as well.