In an attempt to celebrate the festival season, the leading public sector banks State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) have come up with exclusive Diwali offers for their customers. As a part of these offers, these eligible account holders stand to claim cash benefits of up to ₹2,00,000 and other rewards, discounts, and cashback on several transactions. This initiative is intended to boost digital payments and bring monetary relief to the residents during the festive season.
Scheme to Get ₹2 Lakh Cash Benefit
As per official statements, the ₹2,00,000 cash benefit will be provided as a festive reward alongside spa insurance-linked benefit program, where one wins the benefit if one transacts through eligible channels such as credit card, digital banking, or pre-approved loan schemes. The offer will be for select categories while personal loans and home loans; digital purchases from one of their official banking apps are applicable.
SBI’s Festive Finance and Reward Offers
State Bank of India introduces a “Festive Finance Offer”, giving its customers access to pre-approved personal loans at forearm zero processing fees with a much lower interest rate. Those customers who avail of these loans or spend on SBI credit cards on partner platforms stand to get amply cashback rewards up to a ₹2,00,000. SBI, therefore, has partnered with some popular e-commerce as well as retail brands to offer huge discounts for Diwali shoppers.
PNB Cashback and Reward Campaign
Following the grand festive season bonanza, Punjab National Bank has unleashed “Festival Bonanza 2025”, which pours honey by giving cashback deals on digital transactions. Customers who use PNB One app or internet banking for paying utility bills, shopping, and funds transfer can enter the lucky draw to win cash prizes up to `2,00,000. In fact, the bank advises these customers to make secure cashless payments during the festivity and, in this way, more chances of winning and enjoy more bonus points.
Bank of Baroda’s Diwali Delight Program
Bank of Baroda also floods lights in the festive season “Diwali Delight Offer” giving away special deals on redeeming credit cards, EMI schemes, and seasonal personal loans. One wins the benefit in the shape of cashback or reward once s/he has made any loan application or made digital payments from the BoB World App himself for an opportunity to earn up to `2,00,000 of rewards. The bank is also offering very attractive interest concessions on home and auto loans during the complete festive season.
How to Claim the Offer
To claim a cash benefit of ₹2,00,000, a customer must make a point of being on their respective official digital platform like SBI YONO, PNB One, or BoB World. Transactions made on these apps during the promotion days would be tracked for suitability automatically. Winners of cashback rewards and lucky draws would be informed through SMS or email and the amount would be deposited directly into their bank accounts that have been synced after due verification.
Conclusion
These Diwali offers by major banks see off as a welcome gesture to millions of customers that is both savings and rewards even as inflationary pressures and rising expenses also need to be kept aside. Such festival incentives are deemed to fuel spending, thereby promoting the use of more secure digital payment systems. The step, besides reinforcing the festive spirit, will also enrich customer trust and loyalty throughout the major banks in India.