Regarding UPI usage of Tata Neu Infinity Rupay

[Akash Topder]

I want a Rupay CC for UPI usage and I was considering Tata Neu Infinity because it's FYF for me and might be the best rewarding card for UPI transactions right now. As it's not LTF for me, I need to hit 3L spend per year. As my usage on Tata brands are negligible and already holding the SBI cashback card I'll only be using the Infinity for UPI. I want to know to hit the 3L target if I send money to my own or my parent's marchant account then what will the income tax, GST, MDR or any other type of problems that may occure?
Note: I'll only be doing this to hit 3L milestone for annual fee waiver criteria, not to rotate money and gaining cashback.

 

[Akash Topder]

@TechnoFino @Abhishek012 @Batmanbaba @Wealth is my birth right!
Help needed! Can you tag someone that can answer this query?

 

[Wealth is my birth right!]

@TechnoFino @Abhishek012 @Batmanbaba @Wealth is my birth right!
Help needed! Can you tag someone that can answer this query?

Apply fee card and stop midway
Post 2 weeks u may get ltf
Reg taxation yes as long as anyone crosses their tax free limit then it’s pain
But this 3l if u use with senior citizens account will not be a concern

 

[Akash Topder]

Apply fee card and stop midway
Post 2 weeks u may get ltf
Reg taxation yes as long as anyone crosses their tax free limit then it’s pain
But this 3l if u use with senior citizens account will not be a concern

After which step I need to stop?

 

[RupayMan]

After which step I need to stop?

Before selecting Rupay or Visa, beware each time cibil hit will happen, so dont go to that page often, and even if you are eligible for LTF Tata app won't notify you, only way to check is the last page. I did visit last page 3 times and 3 cibil happened.

 

[Akash Topder]

Before selecting Rupay or Visa, beware each time cibil hit will happen, so dont go to that page often, and even if you are eligible for LTF Tata app won't notify you, only way to check is the last page. I did visit last page 3 times and 3 cibil happened.

So no way to check for LTF offer without a CIBIL hit?

 

[RupayMan]

So no way to check for LTF offer without a CIBIL hit?

Nope. And someone told in some post, bank cannot pull cibil more than once in 15 days gap, that become false now

 

[Wealth is my birth right!]

Nope. And someone told in some post, bank cannot pull cibil more than once in 15 days gap, that become false now

They also have different kind of subscriptions if hdfc opted for full options then they can get n no of times for single pan even in same day

 

[Akash Topder]

I can see the future. I'm going to have so many CIBIL hits in a short time for applying IDFC First and Tata Neu cards!

 

[Wealth is my birth right!]

I can see the future. I'm going to have so many CIBIL hits in a short time for applying IDFC First and Tata Neu cards!

Suppose if u r not getting a card u can remove those bank queries from cibil
Process is long but u can

 

[Akash Topder]

Suppose if u r not getting a card u can remove those bank queries from cibil
Process is long but u can

Yeah I had to fight ICICI for 3 months for an invalid loan inquiry. Okay will try to fight.

 

[_na_cheese]

Just get it FYF, use it for 11 months. Do a cancelation request citing annual charges, if they do make it LTF, then its good. If not, check how close are you to fee waiver, if close do that much of transaction. If not close, cancel it. There'll be a lot more banks and cards on UPI 11 months from now on.

 

[Wealth is my birth right!]

Just get it FYF, use it for 11 months. Do a cancelation request citing annual charges, if they do make it LTF, then its good. If not, check how close are you to fee waiver, if close do that much of transaction. It not close, cancel it. There'll be a lot more banks and cards on UPI 11 months from now on.

Yes icici and axis on cards for upi anytime

 

[Batmanbaba]

Open a zero balance account and transfer the money in it... Till 7 lakh... There is no issue.... Per account... As currently.. U dont have facility to combine cumulative of all accounts by IT dept....

 

[Wealth is my birth right!]

Upi
Bob and canara rupay able to see in app now

 

[Batmanbaba]

Upi
Bob and canara rupay able to see in app now

But bob card not getting added.. Maybe in april it will start working

 

[RupayMan]

Open a zero balance account and transfer the money in it... Till 7 lakh... There is no issue.... Per account... As currently.. U dont have facility to combine cumulative of all accounts by IT dept....

Are you sure about your statement? Whatever you do in any bank, Pan card plays a major role in it, Pls check your income tax portal AIS section, it can show you whatever interest, salary earned in any account with detail. The cumulative part takes care by PAN.

 

[Wealth is my birth right!]

But bob card not getting added.. Maybe in paril it will start working

Any idea which bob variant is on rupay currently
Edit:
Able to get details from abhishek’s post

All RuPay Credit card issuer bank list & How to change Visa Card to RuPay Credit card

All RuPay Credit card issuer bank list & How to change Visa to RuPay Credit card: NPCI is planning to launch RuPay credit cards with all credit card issuing banks in the next few years. NPCI currently focusing to get the banks ready, enabled and certified. You should know RuPay has 3 variants...

www.technofino.in

 

[Batmanbaba]

Are you sure about your statement? Whatever you do in any bank, Pan card plays a major role in it, Pls check your income tax portal AIS section, it can show you whatever interest, salary earned in any account with detail. The cumulative part takes care by PAN.

Bank only reports to IT dept if intrest is above 50k or deposit goes above 7 lakh ...in a particular account Which dont go in my any single account or combined.... I nevdr faced any issue... And I only give details of my two accounts....

 

[Wealth is my birth right!]

I had applied for some credit cards from different banks but didn't proceeded further after cibil enquiry due to lower card variant issue. How to remove enquiries from cibil in these cases? Banks had denied to remove enquiries from cibil as they are adamant on the point that I have explicitly applied for their credit cards by giving the consent through SMS.

Yes normal mode they won’t remove
You need to start writing to general id then once denied approach to the banks grievance team then pno finally if u threat ombudsman they will remove after 45 days
As I said the process is circuitous and need lot of time with patience