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 )

 

[HiddenGems]

Does HDFC biz black gives RP for NPS payment.

I don’t have one , but thinking of getting a CcC which gives RP/cashback for NPS contributions..

as of now I have below cards
Amex Gold charge
Axis atlas
Axis iocl
Axis airtel
SBI cashback
HDFC Tata neu plus
Amex MRCC
Icici amazonpay
IDFC wow

 

[helloworld]

Does HDFC biz black gives RP for NPS payment.

I don’t have one , but thinking of getting a CcC which gives RP/cashback for NPS contributions..

as of now I have below cards
Amex Gold charge
Axis atlas
Axis iocl
Axis airtel
SBI cashback
HDFC Tata neu plus
Amex MRCC
Icici amazonpay
IDFC wow

Gold charge best for monthly 6k contribution..

MRCC for monthly 4x1.5k + 14k contribution..

APay and Neu Plus next best..

Got doubts on AMEX .. MR points 👇🏽

Post in thread 'Best card for NPS Contribution'

Dec 28, 2023

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

• helloworld

• 
• 

 

[nh124001]

Gold charge best for monthly 6k contribution..

MRCC for monthly 4x1.5k + 14k contribution..

APay and Neu Plus next best..

Got doubts on AMEX .. MR points 👇🏽

Post in thread 'Best card for NPS Contribution'

Dec 28, 2023

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

• helloworld

• 
• 

amazon pay cc.. govt spends par deta hai cashback!?

 

[helloworld]

amazon pay cc.. govt spends par deta hai cashback!?

is it mentioned anywhere as excluded currently?

 

[nh124001]

is it mentioned anywhere as excluded?

i think nahi deta abb..govt spends par..i am not 100% sure.. income tax par nahi deta abb that's i am sure

 

[helloworld]

i think nahi deta abb..govt spends par..i am not 100% sure.. income tax par nahi deta abb that's i am sure

upto Jan, we received.. later if any notification let me know.. yet to check latest..

btw, apay and neu plus suggested as alternative with 0% loss (considering 0.885% nps charges).

 

[canitin]

Does HDFC biz black gives RP for NPS payment.

I don’t have one , but thinking of getting a CcC which gives RP/cashback for NPS contributions..

as of now I have below cards
Amex Gold charge
Axis atlas
Axis iocl
Axis airtel
SBI cashback
HDFC Tata neu plus
Amex MRCC
Icici amazonpay
IDFC wow

Yes, it does. You get 5 reward points for every 150 spend (even on NPS).