BharatNXT: Best App for Rent Payment with Credit Card!! (@1.59% charges)

[CardTox]

Guys don’t login 2 accounts in one phone for BharTnxt and also don’t uninstall then install their system flag our account for suspicious activity

I have installed the app in two mobiles with the same account... I didn't get any block message

 

[SiddharthR]

I have installed the app in two mobiles with the same account... I didn't get any block message

I think it's about 2 accounts in one mobile, & not 1 account in 2 Mobiles

 

[Venky]

Payment did not settle today as scheduled. 🫢

 

[ARV]

Payment did not settle today as scheduled. 🫢

At Least they are proactive to keep us informed that there is an issue and will be solved soon

 

[akshayhs]

Payment did not settle today as scheduled. 🫢

Lol. Are they using Kotak? 🤣 I always get maintenance notifications 2-3 hrs before they do it.

 

[SiddharthR]

Lol. Are they using Kotak? 🤣 I always get maintenance notifications 2-3 hrs before they do it.

No Yes 🙃🤭

I mean Yes Bank😅

 

[armat]

A Comprehensive Guide on BharatNXT: An App for Rent, Bank Transfer, Utilities, Vendor & GST Payments at LOWEST FEES

Pointwise topics for easy navigation:-

• Benefits of using BharatNXT
• Offers by BharatNXT
•  Convenience/Service Fees
• Cashback provided by Cards
• Signup & Refferal Benefits
•  Steps for ₹16K Bank transfer from Credit Card for FREE!! (Over on 31st Mar'23)

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1. Benefits:
BharatNXT has some advantages over other payment apps in the market. Here they are:

• BharatNXT currently provides service for Rent, Utility, Maintenance, Vendor, GST, Bank Transfer & UPI(Coming Soon).
• If you're looking for rent payment at lowest fees then BharatNXT is for you because, any transaction done on BharatNXT will be considered as 'Utility' & hence bank will not charge you any processing fees or other charges that are charged for rent payments. Means you can do rent payment and earn cashback also.
• You can also use BharatNXT to complete milestone & for spend based annual fee waiver on Personal as well as Business CC and can earn Cashback too.

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2. Offers:
Four offers provided by BharatNXT, from the month of Feb till now are already expired, still if you want, you can see them here.

Active Offer:  1.09% offer is LIVE till 3rd May!!
Do transaction on BharatNXT @1.09% + GST charges for your Personal Credit Card till 3rd May.

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Install from here & use my BharatNXT refferal code to get 150 BNXT Cash**: AMMKCR8

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3. Cashback provided by cards are as follows:

Card	CB/RP (%)	Net Charges (%)
IDFC FIRST Power Plus	5	0
SBI Card ELITE Business	3.75	0
IDFC FIRST Power	2.5	0
Axis Ace	2	0
Axis Flipkart/ HDFC Tata Neu Infinity	1.5	0.09
SBI Simply Click	1.25	0.34
Axis Magnus	1.2	0.39
Cashback SBI/ HDFC Tata Neu Plus	1	0.59
BOB Eterna	0.375	1.23

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4. Convenience Fee/ Service Fee (inc. GST):
BharatNXT charges a convenience fee to facilitate the transaction. The fee depends on the type of settlement and credit card you choose:

1. For Retail/Personal Credit Cards:-​

• Quick Pay (Same day settlement)- 1.71% {Till 3rd March: 1.50%}
• Classic Pay (T+1 day settlement)- 1.59% {Till 3rd March: 1.30%; Till 28th March: 1.53%}
• Lightening Pay (Within 3 hrs)- 2.06% 🆕
• Utility & GST Bill payments (T+1 day settlement)- 1.3%

2. For Corporate/Business Credit Cards:-​

• Quick Pay (Same day settlement)- 1.77%
• Classic Pay (T+1 day settlement)- 1.77%
• Lightening Pay (Within 3 hrs)- 2.95% 🆕
• Utility & GST Bill payments (T+1 day settlement)- 1.3%

​

Note:​

• BharatNxt Cash can be used for paying convenience fees applicable as above (Choosing Classic Pay as a type of settlement is must to use BNXT Cash)
• 1BharatNXT Cash = 1 INR

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5. Refferal Benefits:
With my referral code {AMMKCR8}, you will get cashback (in form of BharatNXT Cash) of 150 BNXT Cash on 1st transaction.

Terms & Conditions:​

You will receive a scratch card of 150 BNXT Cash when you do the first transaction greater than ₹5000. 150 BNXT Cash will be in the Rewards section in the form of Scratch Card. Scratch that & 150 BNXT Cash will be added in your wallet.​

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(Over on 31st Mar'23)
5.1. Steps for ₹16K Bank Transfer for Absolutely FREE!! (For New User):

1. Install BharatNXT from above refferal link.
2. Complete SignUp process & KYC {Completely online process with Digilocker}.
3. You will instantly get 100 BNXT Cash in Scratch card.
4. Do transaction of ₹6,500 by using 100 BNXT Cash with Personal Credit Card & Classic Pay.
5. You will get 150 BNXT Cash on the next day after transaction settles.
6. Now, on next day, do transaction of ₹9,800 by using 150 BNXT Cash with Personal Credit Card & Classic Pay.

**By this way you will get ₹16,300 in your bank account from your Credit Card for FREE!!

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If you have any questions, feel free to ask. I would be happy to help.

Best regards,
@SiddharthR

In case of IDFC first power plus card, Can we get 5% cashback if we load money to paytm through Zomato ? Sometime it shows merchant name paytm instead of paytm wallet. If you have tried already, please let me know

 

[CardTox]

Payment did not settle today as scheduled. 🫢

I used my Yes bank to transfer 5k to my friends account on 24 Apr, but it has not been settled as they says, there is an issue at the yes bank end.... waiting for further update....

 

[Oscar]

I used my Yes bank to transfer 5k to my friends account on 24 Apr, but it has not been settled as they says, there is an issue at the yes bank end.... waiting for further update....

Yes bank network is down, you may refer this thread

 

[Dr. Drake]

Has bharatnxt tx begun to settle? Planning a tx does not want money to be stucked

 

[Venky]

Has bharatnxt tx begun to settle? Planning a tx does not want money to be stucked

They just sent out a notification

“
*Settlement started for 24th transactions*
Dear user,
We would like to inform you that the issue with Yes bank has been resolved. They will start disbursements to all your payee accounts soon🙂.
Since there is a long backlog of settlements to be done, which will be done for all merchants working with the bank, the settlements will happen over today evening and night.
Your money to the payee will be credited anytime between today night and tomorrow morning. We are estimating all beneficiary banks will be credited by latest 10 am tomorrow. Sincerely thank you for your patience🙏.”


Though my transactions have still not settled yet. As it mentions, we’ll have to wait till 10AM tom before all of them settle.

 

[Venky]

Now there’s a mail from the founder or BharatNxt regretting this situation. I really hope the transactions settle before 10AM tomorrow as they said in the previous communication.

 

[ARV]

Guys, any ones transaction got settled ? , my 24th transaction is still pending

 

[Venky]

Guys, any ones transaction got settled ? , my 24th transaction is still pending

Nope. Still not settled.

 

[Chirag9117]

Guys, any ones transaction got settled ? , my 24th transaction is still pending

Still not settled

 

[devmallya]

This is on BharatNXT… why give arbitrary timelines if they can’t commit to it. Nonsense fellows

 

[devmallya]

Hope in the future they have a redundant/secondary tie up and not depend on one bank

 

[CardTox]

Hope in the future they have a redundant/secondary tie up and not depend on one bank

Even my txn done on 24 is still not settled... and I am really worried of this undue delay... is BhtNxt lost its relevance?

 

[devmallya]

Even my txn done on 24 is still not settled... and I am really worried of this undue delay... is BhtNxt lost its relevance?

hopefully it’ll be settled today. I’ll be fair to BharatNXT that this is a problem with Yes Bank but could have set better expectations and not committed to 10am

 

[Venky]

“Dear user,



We are extremely sorry for this delay. Your funds are safe. Processing by Yes Bank has begun and will happen over the course of the day today. Your payee will receive the funds today. We completely understand your disappointment and are making arrangements so that such events do not re-occur.



Regards,

Team BharatNXT”

New mail from Bharatnxt