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.

 

[kkk]

You can't pay in T1 account through CC

Until last year it was allowed with 1% + GST charges. Not sure of this year.

 

[anupsatda]

Can we invest in NPS tier1 using amex ?! and will we get MR points ?

I did that last year it worked... not sure for this year

 

[Wealth is my birth right!]

I did that last year it worked... not sure for this year

Still sounds good

 

[Wealth is my birth right!]

Can we invest in NPS tier1 using amex ?! and will we get MR points ?

Yes we will other than insurance

 

[Deleted member 6719]

Until last year it was allowed with 1% + GST charges. Not sure of this year.

It works. Tried last month. Ignore Tuhina, he's mixing Tier 2(corporate) with Tier 1(individual)

 

[oshan]

axis fk will give u 1.5

 

[krishc]

For Insurance payment using AmEx is it considered for monthly milestones like 20k or 4 txn of 1500 ?

 

[R!ppEr]

For Insurance payment using AmEx is it considered for monthly milestones like 20k or 4 txn of 1500 ?

+1

 

[prince4]

I Want to invest 50k to NPS, which is the best card for it?
Few of my cards-
HDFC DCB
Axis Magnus
Amex MRCC
Amex Gold Charge
Bob Eterna
Sbi Vistara Prime
Sbi cashback
Indusind Legend
If you have anything better, do share.

Again, its for tier 1.
@TechnoFino @Tejas

SBI cashback is giving 1% cashback on NPS payment.
Did anyone find a better way of payment?

 

[V360V360 is verified member.]

Per 100:

• HDFC DCB = 0% (milestone benefits for 80k).
• Axis Magnus = 1.2% (5% if >1L).
• Amex MRCC = Milestone rewards (4x1500, 20K).
• Amex Gold Charge = Milestone rewards (6x1000).
• Bob Eterna = 0.375%
• Sbi Vistara Prime = 2 CV
• Sbi cashback = 1%
• Indusind Legend = 0.5%-1.8% (depends on luck).
• Ace = 0%
• Ultimate = 3.33%
• Millennia/A.Pay = 1%
• Onecard = 1% (2 more categories needed in that calendar month).
• Wealth/HSBC Cashback = 1.5%

Note: AMEX considering it as Utilities, so no regular MR points only Milestone points.

As per the information recieved from AMEX support, milestone they considered only spend amount, not specifically for any categories.

NPS Charges:

• VISA & Mastercard = 0.75%
• AMEX = 0.89%
• Rupay = (let me know).

Paid last week using DCB and I got RP, so below needs to be updated please

• HDFC DCB = 0% (milestone benefits for 80k).

 

[iAmPm]

If anyone tries AMEX, pls update as well.

 

[Wealth is my birth right!]

AMEX, tried. It is utility transaction and didn't got any MR points (0 credited for 504.45) but will receive milestone rewards.

So using amex on spends based offers time will be wise to get more

 

[V360V360 is verified member.]

updated. as per latest circular received from HDFC no points after 1st Jan 23.

Devaluation - Revision in the HDFC Bank Credit Card Reward Points Program & Fee structure w.e.f 1st January 2023

HDFC Devaluation w.e.f 1st January 2023 On the HDFC Bank SmartBuy portal, the redemption of Reward Points for flights & hotel bookings will be capped per calendar month at 1,50,000 Reward Points for Infinia, 75,000 Reward Points for Diners Black and 50,000 Reward Points for all other cards...

www.technofino.in

Let me know still possible.

Paid this month and I got my RPs; not sure how it will shape out from 1st Jan'23 🙂

 

[AmitMishra]

Does anybody used Magnus for NPS Tier 1 payment ? If yes, then could you please confirm transaction month and earned reward points on it.

 

[absolutezero1983]

Does anybody used Magnus for NPS Tier 1 payment ? If yes, then could you please confirm transaction month and earned reward points on it.

Yes. I did receive for my 50K transaction in Feb

 

[sourpai]

I just used my Infinia for NPS Tier 1. Probably for the last time since Jan onwards there will be no RPs

 

[CardUser28]

NPS Charges:

• VISA & Mastercard = 0.75%
• AMEX = 0.89%
• Rupay = (let me know).

Can i use Paytm Money for Tier 1 investment from credit card or i have to use another method, can't seem to find a way to use CC in payment mode?

 

[amitt319]

what about Axis Flipkart card?

 

[vignesh30]

Per 100:

• HDFC DCB = 5 RP/150 before 1st Jan, 23. milestone benefits (>80k) only after 1st Jan, 23.
• Axis Magnus = 1.2% (5% if >1L).
• Amex MRCC = Milestone rewards (4x1500, 20K) only
• Amex Gold Charge = Milestone rewards (6x1000) only
• Bob Eterna = 0.375%
• Sbi Vistara Prime = 2 CV
• Sbi cashback = 1%
• Indusind Pinnacle/Legend = 0.5%-1.8% (depends on luck).
• Ace = 2% (for 18/11 transaction), have to check next month.
• Ultimate = 3.33%
• Millennia/A.Pay = 1%
• Onecard = 1% (2 more categories needed in that calendar month).
• Wealth/HSBC Cashback = 1.5%

Note: AMEX considering it as Utilities, so no regular MR points only Milestone points. Didn't got any MR points (0 credited for 504.45) but will receive milestone rewards.

As per the information received from AMEX support, "For milestone related points, they will consider total spend amount (on any category)".

NPS Charges:

• VISA & Mastercard = 0.75%
• AMEX = 0.89%
• Rupay = (let me know).

@helloworld Can you please confirm for ACE ?

 

[TheTrickySid]

last month got 2%, this month will know next month when statement arrives.

Note: I didn't got 2% message when transacting last month but in statement got 2%. So, not sure. Try loading 200 and check, if statement nearby.

Any update??