Ahead of Dhanteras 2026, PhonePe has announced a special 2% cashback offer on purchases of 24-karat digital gold. This festive promotion allows eligible customers to receive a flat 2% cashback, capped at ₹2,000, on their gold transactions.
The limited-time offer is valid for one day only, on November 6, 2026, from 12 am to 11:59 pm. It aims to encourage customers to purchase gold during the auspicious festive season through PhonePe’s digital platform.
Offer Details and Eligibility
To qualify for the 2% cashback, customers must purchase 24K digital gold worth a minimum of ₹2,000 in a single transaction. The offer is strictly limited to one-time transactions and can be availed only once per user. Systematic Investment Plan (SIP) transactions for digital gold are not included in this promotion.
The maximum cashback amount a user can receive is ₹2,000, ensuring that larger purchases also benefit from the incentive up to this limit.
How to Avail the PhonePe Digital Gold Cashback
Customers can easily access and avail this Dhanteras gold cashback offer directly through the PhonePe application by following a few simple steps:
- Open the PhonePe application and navigate to the 'Buy Gold' icon on the app's homepage.
- Select the 'Buy in rupees' option to proceed with your purchase.
- Choose 24K digital gold and enter the desired purchase amount, ensuring it meets the minimum requirement of ₹2,000.
- Review the transaction details carefully.
- Click on 'Proceed to Pay' to complete the purchase. The applicable cashback will be processed automatically upon successful completion of the transaction.
PhonePe’s Digital Gold Offering
PhonePe facilitates the purchase of certified 24K digital gold through partnerships with reputable providers such as MMTC-PAMP and SafeGold. A key advantage of purchasing digital gold via PhonePe is the elimination of making charges, alongside the benefit of secure storage in bank-grade lockers at no additional cost.
The platform also offers flexibility, allowing customers to sell their stored digital gold. Proceeds from such sales are typically credited directly to their bank accounts within 48 hours.
Expanding Digital Payments and Financial Services
PhonePe Limited, an India-headquartered technology company launched in 2016, has significantly expanded its footprint in digital payments and financial services. As of September 2026, the PhonePe application boasted approximately 73 crore registered users and its digital payments acceptance network covered over 5 crore merchants across India.
Beyond consumer and merchant payments, PhonePe’s diverse offerings now include lending, insurance distribution, and newer platforms like PhonePe Invest for stockbroking and mutual fund distribution, along with the Android-based PhonePe Appstore.