Best card for NPS Contribution

[Waynoway]

Last update: 11-01-2025

• HDFC : Milestone benefits only ✅
• HSBC Cashback: 0% ✅
• AMEX Gold Charge: 1 MR/50 + Milestone benefits ✅
• AMEX SmartEarn/ MRCC/Platinum Travel: Milestone benefits only ✅
• AU Zenith: Milestone benefits only ✅
• AU Zenith+: 1% + Milestone benefits ✅
• SC Smart: 2% ✅
• SC Ultimate: 2% (Govt. transaction) ✅
• ICICI AmazonPay: 1%
• Yes Marquee: 1.25% (Special MCC) ✅

Note: Mostly other cards from same bank works with varied reward rate and similar rule of exclusion.

For NPS payments MCC: 9399 (Govt. Services)

Do check both payment gateways Razorpay and Billdesk (above values are according to Billdesk gateway).

Also, do share missing cards rewards that you tried, will update accordingly.

PG Charges (with GST) on NPS website/app:

• VISA, Mastercard & AMEX = 0.885% (0.75% + GST)

Note: Above are for TIER 1. TIER 2 disabled credit card payments (based on latest available options).

If in doubt, always try test transaction and confirm with support. Things may chage any time, proceed with caution.

 

[b4bhar]

PF is actually EPF, many people conveniently call it PF like US and USA are the same thing

I think i confused it with VPF. Do we get tax benefit for VPF in the new regime?

 

[vishalgupta2]

I think i confused it with VPF. Do we get tax benefit for VPF in the new regime?

VPF is employee contribution so no tax benefits in new regime. Emoyers contribution to NPS & EPF are tax free (thete is a cap) coz that is not considered your income.

 

[messi_10]

I think i confused it with VPF. Do we get tax benefit for VPF in the new regime?

Bro u are getting way too much confused.
Any investments u do in nps, vpf, etc is not eligible in new tax structure. ( these are called as voluntary)

But epf and nps done by employer ( if you have opted for nps) is eligible.

 

[bargainHunter]

Does Yes rupay credit card give rewards on nps upi?

 

[helloworld]

Does Yes rupay credit card give rewards on nps upi?

scan and pay = 0, otherwise you'll get points but net will be negative. avoid.

 

[mindstop]

Can anyone confirm if NPS payment counts for HSBC Live+ welcome benefits? (Get INR1,000 cashback when you download and log on to the HSBC India Mobile Banking app and spend INR20,000 within the first 30 days )