The Shriram One App, a versatile financial platform by Shriram Finance Limited, has gained prominence for its seamless integration of services like UPI payments, loans, investments, and insurance. Among its standout features is the Shriram One UPI Offer, a promotional initiative designed to incentivize new users to adopt its UPI payment system. This article delves into the details of the offer, its mechanics, and the broader benefits of using the Shriram One App for UPI transactions.
1. Shriram One UPI Offer: Key Details
In September 2024, Shriram One launched a limited-time promotion to attract first-time UPI users. Here’s what the offer entailed:
Reward: 100 reward points (equivalent to ₹100) upon completing the first UPI transaction of ₹100 or more.
Eligibility: Exclusive to new users who had never conducted a UPI transaction via the app before.
Validity: Reward points expired 30 days after issuance and could only be redeemed for in-app payments (e.g., bill recharges, loan EMIs) or services, not for physical merchant transactions.
While this specific promotion has ended, Shriram One continues to run periodic rewards programs, encouraging users to stay updated for future incentives.
2. How to Avail the Offer
For users who participated during the promotional period, the process involved:
1. Downloading the App: Installing the Shriram One App from official app stores.
2. Linking UPI: Setting up a UPI ID by selecting a linked bank account and verifying the mobile number via SMS.
3. Making the First Transaction: Sending at least ₹100 to any UPI ID or merchant.
4. Receiving Rewards: The 100 reward points were credited post-transaction, usable within the app’s ecosystem.
3. Shriram One UPI: Features Beyond the Offer
Even without the promotional offer, the app remains a robust platform for UPI transactions. Key features include:
a. Instant and Secure Transactions
Speed: Transfer money instantly using UPI IDs, mobile numbers, or QR codes .
Security: Multi-layered protection via UPI PIN, biometric authentication, and encryption protocols.
Zero Fees: No transaction charges for peer-to-peer or merchant payments .
b. Versatile Financial Management
Bill Payments: Recharge mobiles, pay utility bills, or settle credit card dues.
Loan Repayments: Directly repay Shriram loans (e.g., two-wheeler, personal loans) via UPI.
AutoPay: Schedule recurring payments for bills or EMIs.
c. Rewards Ecosystem
Shriram One offers a Points-based Rewards Program for transactions, including UPI payments. Users earn “Shriram Coins” redeemable for discounts, services, or exclusive offers within the app.
4. Advantages of Using Shriram One UPI
User-Friendly Interface: Simplified navigation for transactions, balance checks, and history tracking.
Multi-Bank Support: Link accounts from major Indian banks or RuPay credit cards.
Transaction Limits: New users: ₹5,000/day for Android and iOS (for the first 72 hours) .
– Standard limits: Up to ₹1 lakh/day for peer-to-peer transfers and ₹2 lakh/day for merchant payments.
24/7 Customer Support: Assistance via call, email, or in-app requests.
5. User Reviews and Feedback
The app boasts a 4.3/5 rating on app stores, praised for:
Speed: Transactions completed in under 10 seconds .
Comprehensive Services: Integration of UPI, loans, and investments in one platform .
Responsive Support: Quick resolution of queries.
6. Future Prospects and Recommendations
While the 2024 UPI offer has expired, Shriram One continues to innovate:
Green Finance Initiatives: Loans for electric vehicles and solar panels.
Enhanced Security: Regular updates to combat fraud.
Competitive FD Rates: Earn up to **9.4% p.a.** on fixed deposits, appealing to investors .
Pro Tip: Regularly check the app’s “Rewards” section for new promotions and leverage its financial calculators for better planning.
Conclusion
The Shriram One UPI Offer exemplified the app’s commitment to driving digital adoption through incentives. Though the campaign has concluded, the platform’s blend of speed, security, and versatility makes it a compelling choice for UPI transactions. Whether you’re paying bills, splitting expenses, or managing investments, Shriram One stands out as a holistic financial partner.
For future updates, download the app:
– [Google Play Store]
– [Apple App Store]
Note: Terms and conditions apply for all offers. Always verify details via official channels.