How do I claim my ₹200 PhonePe referral cashback?

Download the PhonePe app using our verified referral link on your mobile, register with your bank‑linked number, complete your first UPI payment of at least ₹1 and the ₹200 cashback will be credited to your rewards section, usually within 24–72 hours. :contentReference[oaicite:0]{index=0}

Is this offer valid for existing PhonePe users?

No — this cashback offer is available exclusively for new users who install the app via the referral link and complete their first UPI transaction. :contentReference[oaicite:1]{index=1}

What is the minimum transaction required to get the referral reward?

You only need to make a UPI transfer of ₹1 or more to qualify for the ₹200 reward. This makes earning the cashback quick and cost‑effective. :contentReference[oaicite:2]{index=2}

Where will the ₹200 cashback appear after completion?

Once the qualifying transaction is successful, the ₹200 cashback is credited as a PhonePe Gift Voucher in your rewards section — ready to use for recharges, bills, or shopping. :contentReference[oaicite:3]{index=3}

How long does it take to receive the cashback?

Cashback is typically credited within 24 hours of completing the qualifying transaction, and can take up to 72 hours in peak periods — so check your rewards section soon after payment. :contentReference[oaicite:4]{index=4}

Can I transfer the cashback to my bank?

The ₹200 cashback is credited as a voucher within PhonePe. You can use it for UPI payments, recharges, and bills, but it cannot be directly transferred to your bank. :contentReference[oaicite:5]{index=5}

PhonePe

Referral Discount

₹ 200

Cashback

When will You Receive It?

make your first UPI payment

Referral Code / Link

Follow the link: https://phon.pe/orjrkjtf
or click on button below

Get Your PhonePe Referral Code

Last verified on 15 February 2026

PhonePe Referral Discount Code February 2026 (Verified): Get ₹200 Cashback on First UPI Transfer

Looking for the latest PhonePe referral code for February 2026? New users can earn ₹200 cashback on their first UPI money transfer by signing up through a verified PhonePe referral link and completing a qualifying transaction.

This offer is 100% genuine, app-verified, and available for new PhonePe users only.

PhonePe Referral Offer Summary – February 2026

Signup Reward: ₹200 Cashback
Eligibility: New PhonePe users
Minimum Transaction: ₹1 via UPI
Time Limit: Within 5 days of registration
Reward Type: PhonePe Gift Voucher
Credit Time: Within 24–72 hours
Platform: Android & iOS

Offer validity and limits are subject to PhonePe’s latest referral policy.

How to Get ₹200 Cashback Using PhonePe Referral Code?

Follow the steps below exactly to ensure your referral reward is tracked successfully.

Step 1: Download PhonePe Using a Verified Referral Link

To qualify for the ₹200 PhonePe referral bonus, you must install the app using a verified referral link.

PhonePe uses automatic deep-link tracking
Manual referral codes are usually not required
Do not install the app directly from Play Store/App Store without a referral link

Step 2: Register With Your Bank-Linked Mobile Number

Linked to your bank account
Active for SMS verification

Ensure your SIM card is inserted in SIM Slot 1 during registration to avoid verification failure.

Step 3: Link Your Bank Account & Set UPI PIN

Select your bank from the list
Complete SMS-based verification
Create your UPI PIN securely

This step binds your PhonePe account to your device and bank for security.

Step 4: Complete Your First “Golden” UPI Transaction

Make your first UPI payment within 5 days of signup.

Transaction rules:

Minimum amount: ₹1
Send money to another user or merchant
Avoid sending money to your own bank account

Self-transfers often do not qualify for referral rewards.

Where Will the ₹200 PhonePe Cashback Be Credited?

Once your first UPI transaction is successful:

Cashback appears under Rewards → Gift Vouchers
Usually credited within 24 hours
May take up to 72 hours during peak periods

The voucher can be used for:

Mobile recharges
Bill payments
Merchant UPI payments

PhonePe Referral Eligibility Rules (Important)

You will not receive the ₹200 cashback if:

You have previously installed PhonePe on the same device
You skip the referral link during installation
Your first transaction is delayed beyond 5 days
You perform only self-transfers

PhonePe tracks referrals using device ID + SIM + UPI binding.

PhonePe Referral Limit & Policy (2026)

Maximum referral earnings are capped as per PhonePe policy
Limits may vary by user, region, or promotional campaign
PhonePe reserves the right to modify or withdraw offers

Always check the Rewards section in-app for the latest terms.

Frequently Asked Questions (2026)

Is the PhonePe ₹200 referral cashback real?

Yes. The ₹200 cashback is officially offered by PhonePe to new users who complete a qualifying UPI transaction through a referral link.

Can I withdraw the PhonePe referral cashback to my bank?

No. The cashback is credited as a Gift Voucher, which can be used for payments and recharges within the PhonePe app.

Does PhonePe require a referral code?

In most cases, no manual code is required. Clicking a valid referral link automatically applies the offer.

Why didn’t I receive my PhonePe referral bonus?

Common reasons include:

Not using a referral link
Performing a self-transfer
Transaction made after the 5-day window

Is the PhonePe referral offer valid on iPhone?

Yes. The referral offer works on both Android and iOS devices.

Can I use the PhonePe referral offer again?

No. The offer is valid only for first-time users on a device.

Why Trust This PhonePe Referral Guide?

Updated monthly based on live app testing
Reviewed against PhonePe’s official referral terms
Written to help users avoid common reward failures

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