https://www.desidime.com/discussions/3-17-profit-on-sbi-cashback-credit-card-to-bank-new-app?page=2#post_10385969
No option of "tax" is showing. Please help me which option to select
3.17% profit on SBI Cashback Credit Card to Bank (new app)
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3.17% profit on SBI Cashback Credit Card to Bank (new app):
App link - https://play.google.com/store/apps/details?id=com.gimbooks.gimbookspay
Login/signup -
Aadhar otp based KYC is mandatory.
Set your bank account to receive payment.
Now choose "Tax" option category.
Standard transfer - 1.83% charges only
Instant transfer - 2.01% charges only
Now use your 5% SBI Cashback credit card to pay -
Merchant name - Gimbookstax
Note - if you use first time payment then it will take sometime to credit (Instant transfer option).
After first payment, next time you will get Instant money in your bank account (if you use Instant transfer option).
Also note - dnt count Saturday, Sunday or bank holidays and first time try with Rs100.
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https://www.desidime.com/discussions/3-17-profit-on-sbi-cashback-credit-card-to-bank-new-app?page=2#post_10419429
Gim books transaction failed @abhishek012
They are asking to add another bank account
https://www.desidime.com/discussions/3-17-profit-on-sbi-cashback-credit-card-to-bank-new-app?page=2#post_10419446
So ? what's the issue ? Add another bank account, maybe your bank server was down.
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Quite risky when it comes to playing with online transactions nowadays, as everything we do can be easily tracked.
Any day the IT dept can send us show cause notice and I think hardly any one of us will be able to justify such transactions.
And it's more sad that these new apps pops up every now and then to lure use with such loopholes.
Overall, loopholes are also known even to the IT dept may be waiting to get bigger fishes 🥺
Simply told them you are doing your credit card to bank transfer to earn some cashback and also share the app name, you already signup through your aadhar otp.
Everything is on record, you're not doing anything wrong.
Also remember that all the cashback is not enough to pay income tax.