This Diwali 2025, millions of customers of leading Indian banks—State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BOB), HDFC Bank, and Canara Bank—are set to receive a special festive bonus. Eligible account holders can get direct credits of up to ₹1 lakh in their savings, salary, or pension accounts.
This initiative is aimed at rewarding loyal customers, boosting digital banking activity, and providing extra funds for festive expenses. Unlike typical loans or credit schemes, this benefit is a direct cash reward, making it a highly anticipated festive gift.
Background of the Diwali Credit 2025 Scheme
Indian banks often launch festive offers around Diwali to encourage savings, digital transactions, and customer engagement. For 2025, the Diwali Credit scheme has been enhanced with higher direct credits, reaching up to ₹1 lakh, across several major banks.
The main goals of this scheme are:
- Rewarding loyal customers for consistent banking activity.
- Promoting digital payments, online transactions, and mobile banking.
- Providing financial support for festival shopping, gifts, and essentials.
- Stimulating economic activity by increasing spending power during the festive season.
Participating Banks and Credit Details
| Bank | Customer Base | Type of Benefit | Approx. Credit |
|---|---|---|---|
| SBI | Salary & Pension Account Holders | Direct Credit | ₹50,000 – ₹1,00,000 |
| PNB | Savings & Salary Accounts | Direct Benefit Transfer (DBT) | ₹50,000 – ₹1,00,000 |
| BOB | Accounts linked with Government Schemes | Direct Credit | Up to ₹1,00,000 |
| HDFC | Priority & Salary Accounts | Tiered Credit | ₹25,000 – ₹1,00,000 |
| Canara Bank | Selected Savings & Salary Accounts | Cashback & Bonus Points | Up to ₹75,000 |
Credits will be disbursed largely in October 2025, ahead of Diwali, so that customers can use the funds during the festival.
Eligibility Criteria for the ₹1 Lakh Diwali Credit
Customers do not need to apply separately; the credit is provided automatically based on bank rules. General eligibility includes:
- Holding an active savings, salary, or pension account at any of the participating banks.
- KYC compliance, including Aadhaar and PAN linkage.
- Meeting minimum monthly transaction requirements or maintaining a specific average balance from August to October 2025.
- Participation in digital transactions such as UPI payments, mobile banking, or online bill payments may be necessary for some banks.
- Accounts linked with government schemes may have simplified eligibility.
How and When Will the Credit Be Disbursed?
Credits will be transferred directly to eligible accounts in early to mid-October 2025. The credit may appear as:
- Cashback or direct transfers labeled “Diwali Gift 2025” or “Festive Bonus.”
- Reward points redeemable for banking services or shopping (common in HDFC and Canara Bank).
- Direct Benefit Transfers (DBT) for government-linked accounts (PNB and BOB).
Banks will notify customers via SMS, email, or app notifications once credits are processed.
Benefits of the ₹1 Lakh Diwali Credit
- Immediate funds for Diwali shopping, gifts, or personal needs without borrowing.
- Encouragement to use digital banking services, ensuring safer and faster transactions.
- Recognition of customer loyalty, strengthening the bank-customer relationship.
- Support for middle-class and smaller families’ festive budgets.
- Incentive to maintain regular banking habits, like monthly savings and bill payments.
Conclusion
The Diwali Credit 2025 scheme offers a significant financial boost for SBI, PNB, BOB, HDFC, and Canara Bank customers. With automatic credits, cashback rewards, and bonus points, the initiative enhances liquidity and rewards banking loyalty. Customers should ensure their accounts are active, KYC-compliant, and meet transaction requirements to receive this festive gift. This Diwali, the ₹1 lakh credit could make celebrations brighter and stress-free for millions across India.
FAQs
Q1: Do I need to apply for the ₹1 lakh Diwali credit?
No, the credit is provided automatically if you meet the bank’s criteria.
Q2: Is the Diwali credit taxable?
Generally, it is treated as a gift or cashback and is not taxable. Customers should consult a tax advisor if unsure.
Q3: Can I transfer the Diwali credit to another account?
No, the credit is non-transferable and will be credited only to the eligible account holder.
Q4: Are new account holders eligible for this offer?
Typically, only customers with active accounts and transactional history before October 2025 qualify. Very new accounts may not be eligible.
Q5: What should I do if I do not receive the credit?
Ensure your account is KYC-compliant, active, and meets transaction requirements. Contact your bank’s customer care for assistance if you do not receive it.