1 Statement cashback point (₹) is worth ₹1.00 in India.
₹1.00₹1,000 per 1,000 points, our house mark
₹1.00 · first marked 17 Aug 2026, never re-marked since
How we got this ₹ figure
₹1.00 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹1.00, the ceiling) and not the worst you can always fall back on (₹1.00, the floor). It is the number every route on this page is priced with.
We hold one dated point for Statement cashback (₹) — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 71 do
71 cards earn Statement cashback (₹) outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
Swiggy Ornge HDFC Bank Credit Card1.0%HDFC BankSwiggy BLCK HDFC Bank Credit Card1.0%HDFC BankUtkarsh Eternal Credit Card1.3%Utkarsh Small Finance Bank68 more cards that earn it — same ranking, best first
Not a programme, and this desk will not pretend otherwise. This row is the rupee wearing a slug, carried so that every value model on the site has ONE number to multiply a cashback card's earn by instead of each cashback card minting a currency of its own. It is the unit an issuer credits to the card account when its own document says "cashback" rather than "points" — Axis's cashback T&C defines it outright, "Cashback shall mean money awarded in the customer's Credit Card account under the cashback scheme", and HSBC's Live+ service guide says the quiet part: "Since you can earn unlimited cashback, there is no separate Rewards programme on your HSBC Live+ Credit Card." So value = floor = ceiling = ₹1.00, permanently and by construction. There is nothing to value: a rupee is worth a rupee, it reaches no airline and no hotel, it appears on neither side of either transfer file, and it re-marks never — which is why those four are pinned, and `remark-valuation` refuses this row. What a cashback card is WORTH is decided entirely by its rate and its caps, and those live on the card.
Statement cashback (₹) has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →
Expiry: none — money credited to a card account does not expire (a per-card cashback fuse, like RBL's 3-month validity, belongs on the card, not here)
No corridor on our board prices a seat in Statement cashback (₹) against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
Straight answers
The questions people actually type about Statement cashback (₹) — answered from the same data as everything above, with the same numbers.
What is 1 Statement cashback point (₹) worth in INR?
Our desk marks Statement cashback (₹) at ₹1.00 a point — so 1,000 points are worth ₹1,000 and 10,000 are worth ₹10,000. That is the number every route on this page is priced with. The ₹1.00 floor is the redemption you can always fall back on; the ₹1.00 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 17 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn Statement cashback (₹)?
71 Indian cards earn Statement cashback (₹) outright. Best-ranked earners: Swiggy Ornge HDFC Bank Credit Card, Swiggy BLCK HDFC Bank Credit Card and Utkarsh Eternal Credit Card, the best of them at 1.0% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did Statement cashback (₹) last devalue?
We hold no dated events for Statement cashback (₹) at all — no devaluation, no buff, nothing sourced — and we will not fill that gap with a guess. The nerf-risk grade reads stable, which on a program with no logged history means untested rather than safe.
Verified against the published documents on · our house ₹/point, ₹1.00 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.