Which of my card are best for NPS contribution?

[Avinash.Mishra]

I usually use Scapia card for NPS but they have updated the policy I haven’t tried after the update, I made last contribution using Amex Plat Travel

I tested Scapia today after policy change got no rewards.

 

[chdguy1980]

Is there any tax exemption on this 50K voluntary contribution in the new tax regime? Do you people invest 50K for retirement planning or for tax emendation

 

[manit]

I think standard chartered smart cc will also get 2%, right?

 

[Avinash.Mishra]

Is there any tax exemption on this 50K voluntary contribution in the new tax regime? Do you people invest 50K for retirement planning or for tax emendation

No in new tax regime 80ccd(1b) is not applicable on 80ccd(2) is applicable with enhanced cap of 14%. I invest in nps for both tax savings and retirement.

 

[ujjwal2024]

Any AMEX Cards...for milestone as you will not get any reward point

 

[BeginnerCC]

Any one has some inputs on this. Can Biz Black be used for making NPS Payments ( 50k part)

Billdesk does accept DCB cards. Haven't checked but should be 3.33% cashback with biz black - 0.8% charges for cc. also 7500 bonus points for spending 50k monthly

 

[helloworld]

Any one has some inputs on this. Can Biz Black be used for making NPS Payments ( 50k part)

Thread 'Best card for NPS Contribution'

Sep 19, 2022

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...

• Waynoway
• Replies: 643
• Forum: Credit Card - General

• 

: )

 

[JustMak]

Any one has some inputs on this. Can Biz Black be used for making NPS Payments ( 50k part)

Yes.. Use Billpay PG.. Charges would be 0.75 + 18% GST, i.e. total of 0.885%. So for 50k, approx INR 442. Getting regular RPs.

 

[Maitri_Maniya]

Thread 'Best card for NPS Contribution'

Sep 19, 2022

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...

• Waynoway
• Replies: 643
• Forum: Credit Card - General

• 

: )

icici apay still gives 1% cb on gov? if NPS paid using cc: 0.75%+ 18% will be charged. then what's the benefit of paying using amazon pay cc?

 

[helloworld]

icici apay still gives 1% cb on gov? if NPS paid using cc: 0.75%+ 18% will be charged. then what's the benefit of paying using amazon pay cc?

Out of all listed cards, u found only ICICI APay? anyway, it still gives 0.115% more compared to many other cards.

 

[prankster]

For DBS card holders, check your mail. I got this offer for NPS And Insurance payments. 50k points(1000 Rs) for 30k payment.

 

[Maitri_Maniya]

Out of all listed cards, u found only ICICI APay? anyway, it still gives 0.115% more compared to many other cards.

i have icici amazon pay only
planning to get SC smart. but how can we redeem this reward points? vouchers or redemption in statement?