Best card for NPS Contribution

[Waynoway]

Last update: 10-04-24

• HDFC : Milestone benefits only ✅
• HSBC Cashback: 0% ✅
• AMEX Gold Charge: 1 MR/50 + Milestone benefits ✅
• AMEX SmartEarn/ MRCC: Milestone benefits only ✅
• AU Zenith: Milestone benefits only ✅
• AU Zenith+: 1% + Milestone benefits ✅
• ICICI APay: 1% ✅
• SC Smart: 2% ✅
• SC Ultimate: 2% (Govt. transaction)

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

Tip: IDFC, IndusInd, BOB provides better rewards using payzapp like prepaid card load (MCC: wallet) which you can use to pay NPS compared to direct payment where you'll get from 0.25% to 0.8% only on these cards.

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.

 

[prateekm03]

Thanks, will use mojo/amazon pay

Update: I used MoJO for 1k transaction (Was charged 1025), got 25 MOJO points

 

[tbharech]

what will be the best way to open NPS Tier-1 Account?

Directly from Nsdl portal as it would not attract additional account opening and contribution charges.

 

[HumorSimpson]

Does IDFC wealth card give rewards for NPS ?

 

[sm9811911]

Gives. Tested in May this year.

Does IDFC wealth card give rewards for NPS ?

 

[HumorSimpson]

Gives. Tested in May this year.

10X after 30K milestone ?

 

[helloworld]

10X after 30K milestone ?

yes and hope you already know it needs 60k spends to reach 2% even with 10x.

 

[HumorSimpson]

yes and hope you already know it needs 60k spends to reach 2% even with 10x.

Yes .. aware of it . Planning to use this for govt services like advance tax. Need to apply . It seems its a hit or miss going by the threads here.

 

[helloworld]

Yes .. aware of it . Planning to use this for govt services like advance tax. Need to apply . It seems its a hit or miss going by the threads here.

never saw miss. its govt transaction for IDFC. could you share those threads?

 

[HumorSimpson]

never saw miss. its govt transaction for IDFC. could you share those threads?

Sorry by Miss I mean , grant of card for a new applicant.

 

[sm9811911]

Sorry by Miss I mean , grant of card for a new applicant.

If planning to apply now and have spends more than 2-3 lakhs, consider amex plat travel. Get reference from someone in your family or refer someone in your family and use their card. With referral bonus and milestone rewards you will earn lot more than wealth cc

 

[sleepysurya]

If planning to apply now and have spends more than 2-3 lakhs, consider amex plat travel. Get reference from someone in your family or refer someone in your family and use their card. With referral bonus and milestone rewards you will earn lot more than wealth cc

Do amex cards work on nps/tax portals and does amex gives rewards points for amex transactions or only milestone?

 

[sm9811911]

Do amex cards work on nps/tax portals and does amex gives rewards points for amex transactions or only milestone?

Works (checked in July) and only milestones

 

[vaibhavpp0707]

I hold
HDFC millenia
HDFC Tata neu infinity
Axis ace
Axis Flipkart
Axis airtel
SBI cashback
SBI simplyClick
Icici Amazon pay
Standard chartered Smart
Amex mrcc
Bob snapdeal
Kotak zen
Indusind legend
AU excite ace

Please suggest which card I can use for NPS tier 1 payment

 

[helloworld]

Do amex cards work on nps/tax portals and does amex gives rewards points for amex transactions or only milestone?

https://www.technofino.in/community/threads/best-card-for-nps-contribution.2996/post-454715

https://www.technofino.in/community/threads/mrcc-milestone-dates.20237/post-449756

https://www.technofino.in/community/threads/mrcc-milestone-dates.20237/post-449780

F Y I

 

[HumorSimpson]

AMEX cards are meant to be for milestone benefits, for regular rewards there are better cards. Don't choose AMEX cards for 1MR/50 but for only 4x1500, 6x1000, 20k/m, 4L/y because then only you'll get better reward %.

Shed some light please . MRCC benefits in terms of cashback %.

 

[helloworld]

Shed some light please . MRCC benefits in terms of cashback %.

https://www.technofino.in/community...ex-mrcc-4-x-1600-and-magnus.19988/post-441067

https://www.technofino.in/community...ex-mrcc-4-x-1600-and-magnus.19988/post-435904

https://www.technofino.in/community...m-travel-credit-card-review.17396/post-389465

https://www.technofino.in/community/threads/best-card-for-nps-contribution.2996/post-384381

https://www.technofino.in/community/threads/best-card-for-nps-contribution.2996/post-454715


F Y I (Read in Same Order, let me know if any further)

 

[AlgoTrader]

Do amex cards work on nps/tax portals and does amex gives rewards points for amex transactions or only milestone?

Amex works on nos portal but don't work on tax portal

 

[HumorSimpson]

Amex works on nos portal but don't work on tax portal

Thank you... then its a no-no for me. I wanted for tax. @helloworld is this true ?

 

[helloworld]

Thank you... then its a no-no for me. I wanted for tax. @helloworld is this true ?

Some options exist, I never tried though..

Amex card for tax payment?

Can Amex cards be used for tax payment? Does any gateway on income tax portal support it? If it's supported then is Amex Travel Platinum milestones gets counted for government transaction including tax payment?

www.technofino.in

 

[AlgoTrader]

Some options exist, I never tried though..

Amex card for tax payment?

Can Amex cards be used for tax payment? Does any gateway on income tax portal support it? If it's supported then is Amex Travel Platinum milestones gets counted for government transaction including tax payment?

www.technofino.in

I tried every single gateway, none accept an extra for income tax payments