Diwali is one of the most anticipated festivals in India, celebrated with lights, sweets, and family gatherings. In 2025, the festival promises an extra spark for banking customers, as several leading banks are offering special festive credit incentives. Imagine getting ₹1 lakh credit simply for being a loyal account holder at SBI, PNB, BOB, HDFC, or Canara Bank. Such initiatives aim to enhance customer engagement and encourage digital spending during the festive season.
Why Banks Offer Diwali Gifts
Diwali is more than a festival; it’s a time when families make significant purchases—be it gold, electronics, home décor, or festive treats. Banks leverage this period to provide attractive offers, reward loyal customers, and promote digital transactions. Offering a temporary ₹1 lakh credit facility allows customers to shop without immediate financial strain while reinforcing loyalty and trust in the bank.
Understanding the ₹1 Lakh Credit Offer
The ₹1 lakh credit is generally a temporary facility that can be used during the festival period. This credit is usually linked to specific digital platforms or merchant tie-ups, rather than being freely withdrawable cash. Eligibility depends on factors such as having a salary account, maintaining a minimum balance, good transaction history, and updated KYC details.
How Different Banks May Implement the Offer
Each bank designs its festive offer to match its customer base:
- SBI: Temporary increase in credit card limit or overdraft boost for salary account holders.
- PNB: Festival credit tied to payments via the bank’s UPI app or digital wallet.
- Bank of Baroda: Special vouchers for youth or rural account holders.
- HDFC: Premium customers may get interest-free temporary credit.
- Canara Bank: Focused on regional loyalty programs, especially in southern states.
While the structure varies, the common goal is to reward customers and encourage festive spending.
Benefits of the Diwali Credit
Receiving ₹1 lakh credit during Diwali offers multiple advantages:
- Financial Flexibility: Enables big-ticket purchases without immediate cash outflow.
- Stress-Free Shopping: Reduces pressure on personal cash flow during the festival.
- Added Rewards: Banks often couple this credit with cashback, discounts, or loyalty points.
- Emotional Value: Customers feel appreciated and valued, strengthening the bank-customer relationship.
Key Considerations
Customers should be aware of restrictions and conditions:
- The credit may be temporary and linked to specific merchants.
- Interest waivers may apply only if the amount is repaid within a defined period.
- Limited availability or first-come, first-served basis.
- Only eligible account holders can access the offer.
Staying informed and reading all terms carefully is essential to avoid surprises.
Preparing to Take Advantage
To maximize eligibility:
- Maintain account health by avoiding overdrafts or overdue payments.
- Update KYC and contact details.
- Monitor bank announcements via SMS, email, or mobile apps.
- Maintain a healthy credit score, especially for offers tied to credit cards.
Broader Impact of Festival Credit Offers
These initiatives illustrate a shift in banking: banks are becoming active participants in life events, like Diwali, while promoting digital adoption. By providing temporary credit, banks stimulate festive spending, cross-sell financial products, and deepen customer relationships. At the same time, offers are carefully structured to balance customer benefits with risk management.
Diwali 2025 ₹1 Lakh Credit Offers at a Glance
| Bank Name | Offer Type | Eligibility Criteria | Usage Conditions | Additional Benefits |
|---|---|---|---|---|
| SBI | Overdraft / Credit Card Limit Boost | Salary account holders, good history | Limited period, specific merchants | Cashback, reward points |
| PNB | Digital Wallet Credit | Active UPI app users, KYC updated | Online transactions only | Festival vouchers |
| Bank of Baroda | Temporary Credit + Vouchers | Youth & rural accounts, good account standing | Limited-time usage, merchant restrictions | Special Diwali vouchers |
| HDFC | Premium Credit Card Increase | Premium account holders | Interest-free if repaid within period | Reward points, cashback |
| Canara Bank | Regional Loyalty Credit | Southern region, loyal customers | Specified merchants only | Encourages digital adoption |
Conclusion
The ₹1 lakh Diwali credit from SBI, PNB, BOB, HDFC, or Canara Bank in 2025 represents a new era of customer engagement. While eligibility and usage rules apply, it highlights how banks are rewarding loyalty and celebrating festivals with their customers. Ensure your account is in good standing and stay alert for bank notifications to make the most of this festive opportunity.
Disclaimer: This offer is subject to terms and conditions, and only eligible account holders in India can participate. Banks reserve the right to modify or withdraw the offer at any time.
