Please correct if my understanding is wrong.
I have paytm KYC verified account , suppose I upload 1 lakh RS in the account through a credit card (I will get 2000 points = 1500 RS) , than I can transfer this amount back to bank at 1%. I.e 1000 RS only ? So in this case I saved 500 RS every month and can also waive off credit card annual fees with certain threshold spending.
Please correct me if am wrong in this calculation.