Summary of this article
Raksha Bandhan shoppers can access discounts across major banks.
Credit cards offer cashback on shopping and online spending.
UPI payments also offer cashback and festive rewards.
Shopping for Raksha Bandhan 2026 can come with some extra savings if you use the right payment method. With the festival falling on August 28, banks and payment platforms have lined up discounts, cashback and rewards across shopping, gifting, and other purchases.
Raksha Bandhan Bank Offers
Axis Bank: Its festive offer list includes discounts at partner merchants, such as 20 per cent off on a minimum purchase of Rs 1,299, Rs 500 off on purchases of Rs 2,999 or more.
AU Small Finance Bank: AU Credit Card holders can get offers on flight and hotel bookings through Yatra. The Raksha Bandhan offer is valid until August 31, 2026.
HDFC Bank: Its Millennia Credit Card gives 5 per cent cashback at Amazon, Flipkart, Myntra, Swiggy, Zomato and other listed merchants.
HSBC India: Current card offers include up to Rs 2,250 off at Pepperfry and 10 per cent off on eligible District by Zomato purchases. These offers are valid until August 31, 2026.
ICICI Bank: Amazon purchases through eligible ICICI Bank credit card EMI transactions get 10 per cent off, capped at Rs 4,750, on a minimum purchase of Rs 7,490. The offer is valid until August 31.
IndusInd Bank: The festive offer provides a 10 per cent instant discount on eligible Flipkart purchases made through EMI transactions.
SBI Card: SBI Card is offering discounts of up to Rs 7,000 on eligible transactions at select merchants.
Credit Card And UPI Cashback
The Amazon Pay ICICI Bank Credit Card is giving 5 per cent cashback to Prime members and 3 per cent to non-Prime members on eligible Amazon purchases.
The SBI Cashback Credit Card is offering 5 per cent cashback on online spending and 1 per cent on offline spending. From April 1, 2026, the online cashback is capped at Rs 2,000 per statement cycle, with total cashback capped at Rs 4,000.
For UPI payments, the Axis Bank SuperMoney RuPay Credit Card gives 3 per cent cashback on eligible UPI purchases through the super.money app and 1 per cent on other eligible spends.
