As an SBI bank customer, you must be aware of YONO SBI–A digital Gift Voucher platform offering 200+ brand Gift Vouchers. If not, then it’s time to uncover the best way of earning rewards and enjoying upfront discounts on everyday shopping. One of the most rewarding features of this platform is E-Coins. YONO SBI offer up to 5% E-Coins on Voucher purchases, which can later be used for buying more Vouchers. In this blog, we’ll break down everything you need to know about E-Coins, how to earn them, and how to redeem them.
Understanding E-COINS on YONO SBI: The Ultimate Cashback!
E-Coins are a digital reward currency exclusively available for SBI card users on the YONO SBI Voucher platform. When a user purchases a Gift Voucher using a YONO SBI credit card or YONO SBI debit card, a percentage of that amount is returned in the form of E-Coins (available for select brand Vouchers only). These E-Coins are credited to the E-Pay wallet linked with the registered mobile number on YONO SBI. These E-Coins can be used for future Voucher purchases on the same platform. Essentially, every Voucher bought becomes a gateway to additional savings with the upfront discounts.
Eligibility Criteria for Earning E-Coins on YONO SBI
E-Coins earnings are exclusively for YONO SBI customers. Additionally, there will be no E-Coins earnings on Gift Vouchers purchases using E-Coins (even partially).
Earning Rate for E-Coins on YONO SBI
The rate at which you earn E-Coins varies by brand and can go up to 5% of the Voucher amount. For instance, if I buy an Uber Gift Voucher from YONO SBI, I will get 1% E-Coins worth of the amount back in my E-Pay wallet.
Credit Timeline of E-Coins on YONO SBI
E-Coins are generally credited shortly after your Voucher is delivered, directly into your E-Pay wallet.
Redeeming E-COINS on YONO SBI
Redemption Process of E-Coins on YONO SBI
Redeeming E-Coins is easy and works like applying discount money at checkout. When you purchase another Voucher on the same platform, you’ll have the option to apply your available E-Coins before completing the payment. The coins are adjusted instantly, and the final payable amount is reduced accordingly.
Redemption Restrictions for E-Coins on YONO SBI
While E-Coins can be redeemed across most of the 200+ brand Vouchers available on YONO SBI, there are a few exclusions. E-Coins are non-transferable; they are linked to the registered mobile number.
Managing E-COINS on YONO SBI
Validity Period of E-Coins on YONO SBI
E-Coins are valid for 12 months from the date of credit. After expiry, they cannot be reinstated or extended. So, it’s important to track your balance and use your E-Coins in a timely manner to avoid losing them.
Checking Balance of E-Coins on YONO SBI
To view your E-Coins balance, simply log in to your YONO SBI account and navigate to your profile in the top right corner. You will find the E-Coins balance section in the drop-down there.
Maximizing the Benefits of E-Coins on YONO SBI
Keep an eye out for brands that offer higher E-Coins rewards. If a brand is offering 5% E-Coins back, it’s an ideal time to stock up on Vouchers, especially during sales, birthdays, or festivals. Buying a high-value Voucher during such instances is a smart way to boost your E-Coins stash.
Important Considerations of E-Coins on YONO SBI
- E-COINS are not convertible to cash or redeemable for currency.
- They are non-transferable and can only be used by the account holder.
- SBI or GyFTR may change E-Coins earning and redemption rules at any time.
- For any issues, you can raise a request through the official YONO SBI Contact Page.
FAQs About E-Coins on YONO SBI
What are E-COINS on SBI YONO?
Reward points earned by purchasing Vouchers via YONO SBI credit card and YONO SBI debit card on the YONO SBI platform.
How can I earn E-COINS on YONO SBI?
Use your YONO SBI credit card and YONO SBI debit card to buy Vouchers through the YONO SBI Voucher portal.
What is the value of one E-COIN on YONO SBI?
Each E-Coins is equivalent to Rs 1, these get credited to E-Pay wallet linked to your registered mobile number.
Can I transfer my E-COINS?
No, these E-Coins are non-transferable.
Do E-COINS expire?
Yes, these E-Coins expire after 12 months from the credit date.
Can I use E-COINS on future Voucher purchases on YONO SBI?
You can use credited E-Coins for Voucher purchases from the same platform.
How do I check my E-Coins balance on YONO SBI?
Log in to the YONO SBI voucher platform, then select your name on the top right corner of the page, there you will see E-Coins balance in the drop-down.
Can I earn E-COINS if I pay with E-COINS?
No, you cannot earn E-Coins on Voucher purchases made via E-Coins balance (even partial payments)
Is there an earning cap on E-Coins?
There’s no fixed cap, but it depends on brand offers.
Who do I contact for issues regarding E-Coins?
Visit, YONO SBI contact page for assistance on E-Coins earnings, redemption, and more.
Conclusion
E-Coins on YONO SBI are like cashbacks, making every Voucher purchase more rewarding. Whether you’re a frequent online shopper, a gift-giver, or someone looking to stretch their budget, E-Coins add an extra layer of value to your spending. Just remember to track your balance, check brand-specific offers, and redeem them within the validity period. With smart planning and timely redemption, E-Coins can unlock substantial savings throughout the year.
