PhonePe Dhanteras Offer 2026: Buy 24K Digital Gold, Get 2% Cashback Up to Rs 2,000

Buying gold on Dhanteras is a ritual in most Indian households, and PhonePe has given its users a reason to do it straight from their phones this year. Dhanteras marks the start of the five-day Diwali festival, and buying gold or silver on the day is considered auspicious.

The digital payments company has launched a Dhanteras cashback offer on 24K Digital Gold, under which customers get a flat 2% cashback, capped at Rs 2,000, on purchases of Rs 2,000 and above.

The PhonePe Dhanteras offer runs for one day only. It is valid on November 6, 2026, from 12:00 AM to 11:59 PM, and applies to one-time purchases. Gold SIP transactions are excluded, and each user can claim the cashback once.

What the PhonePe digital gold offer means for buyers

The calculation is simple.

A customer who buys digital gold worth Rs 10,000 on Dhanteras gets Rs 200 back. Minimum purchase value is Rs.2,000.

For festive shoppers who want gold without a trip to the jeweller, the numbers work in their favour. Physical jewellery comes with making charges that add a noticeable sum to the final bill. PhonePe's 24K Digital Gold carries zero making charges, and the metal is held in free, bank-grade lockers on the customer's behalf. That means no locker rent and no worries about keeping gold safe at home.

Liquidity is another strong point. Customers can sell their digital gold on the app at any time, and the money is credited to their bank account within 48 hours.

Who backs the gold on PhonePe
PhonePe sources its certified 24K gold from two leading providers, MMTC-PAMP and SafeGold. The company says its focus on high purity and transparent pricing has made the platform a trusted choice for more than 2.9 crore customers across India who have bought 24K gold through the app.

How to claim the PhonePe Dhanteras cashback

The process takes under a minute:

Here is a step-by-step guide to avail this special cashback offer while buying Gold on PhonePe:

1. Click on the "Buy Gold" icon on the PhonePe Homepage.

​2. Proceed by selecting "Buy in rupees" and add a minimum of Rs.2000 worth of 24K Gold

​3. Check the final details of your Gold purchase and click on 'Proceed to Pay', and avail the offer.

​Dhanteras 2026 gold offer: key terms at a glance

• Offer date: November 6, 2026, 12:00 AM to 11:59 PM
• Cashback: Flat 2%, up to Rs 2,000
• Minimum order value: Rs 2,000
• Eligible transactions: One-time purchases only; SIP transactions excluded
• Usage limit: Once per user

Since the window closes at midnight, buyers planning a Dhanteras gold purchase should complete the transaction on November 6 to qualify for the cashback.

About PhonePe

PhonePe Limited, formerly PhonePe Private Limited, builds digital platforms for payments, digital distribution services, and financial services. The Indian company launched its payments app in 2016. As of September 2026, PhonePe had about 73 crore registered users and a payments acceptance network spanning more than 5 crore merchants.

Its portfolio covers consumer payments, merchant payments, lending and insurance distribution, along with newer platforms such as PhonePe Invest for stock broking and mutual fund distribution and the PhonePe Appstore, an Android-based app marketplace.