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Only Premium & Super Premium Cards Discussion

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How to fulfill Magnus Milestone every month without extra spends?

I have read so many threads about BharatNXT to reach milestone.There are multiple views. Many saying that sometimes payment is getting stuck.

I am short of 15 to 20K per month to reach the milestone.So is it a good option to deposit 20K via BharatNXT every month to my blood relatives, lets say my Dad or wife? Will the reccuring deposit can get scrutinized by Axis?
 
I have read so many threads about BharatNXT to reach milestone.There are multiple views. Many saying that sometimes payment is getting stuck.

I am short of 15 to 20K per month to reach the milestone.So is it a good option to deposit 20K via BharatNXT every month to my blood relatives, lets say my Dad or wife? Will the reccuring deposit can get scrutinized by Axis?
Yes you can, i do mostly 25-50k every month, not achieving milestone every month but can do this in small transactions no problem
 
I have read so many threads about BharatNXT to reach milestone.There are multiple views. Many saying that sometimes payment is getting stuck.

I am short of 15 to 20K per month to reach the milestone.So is it a good option to deposit 20K via BharatNXT every month to my blood relatives, lets say my Dad or wife? Will the reccuring deposit can get scrutinized by Axis?
From January I followed the same pattern which u wrote so far no issues
My Magnus card mostly 70% pos swipes and 10 to 15% fastag load for toll and fuel payment via Hp pay app rest shortfall BharTnxt fulfills
 


As shared by a Twitter user, you can use NPS tier 2 account for completing the shortfall and use the same account for paying Magnus bill thereby avoiding hitting funds to your bank.

I availed this option extensively until 2021. unfortunately, it is not doable anymore. In 2020, Amex also reduced my limit by 50%because of NPS.

These days, I invest in NPS T1 the money I may not need for a few decades.
 
I have done BharatNxt for some payments last month (for the first time) and i found it quite smooth. Only issue is i do not know what is tax impact for me and wife as i send to her saying business payment and sometimes use it to pay some CC bills.
 
I have done BharatNxt for some payments last month (for the first time) and i found it quite smooth. Only issue is i do not know what is tax impact for me and wife as i send to her saying business payment and sometimes use it to pay some CC bills.
Good point.
I think it will be considered as a income. And beneficiery has to pay tax.
 
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