Cashout is calculated as follows: 

For 1st transaction - 

There will not be any cashout as customer will not be having any cashback balance in his Fave account 

For next transactions - 

Cashout= Cashout percentage (%) x Bill amount 

Note : Cashout will be provided from the available cashback in your Fave account. In case the cashback balance is not enough to cover the cashout percentage then only available cashback will be transferred to your bank account