@MrJJ @the_dark_knight @D₹V @Abhishek012 @VISHESH_BANSAL
Can someone pls confirm if HDFC Platinum card is giving 1% CB for HDFC CC Bill on SBI Unipay.. And does it usually work?
I see a lot of failure complaints in some threads
We would like to inform that the MCC code for the said transaction is One Mobikwik Sys - 6012 Financial Institutions--Merchandise and Services.
Got this reply for a txn in december.
Asked HDFC about MCC for the Mobikwik txn that didn't give rewards.
Got the below reply:
"Mentioned transactions is not eligible for 1% reward points as merchant category is "POI Funding transactions" and does not fall under above categories."
I don't spend much time researching IPOs.
Except for 10-20% well-known brands.. like mankind, TataTech.. It's hard to determine the actual value of the stock especially startups and less known companies.
It's great for a quick bet on listing gains based on the hype and industry demand. But...
The simple logic is "If you got those 1000 as actual cashback in card statement, you'd be 'paying' that money from your bank as per your logic, but that money was cashback anyways so it's free. When you get a cashback on a card in any app wallet (like neucoins or swiggy money, even hdfc points...
I think the long post was causing some confusion.
So I've added 2 questions at the top for better context.
But does the 'Income Tax Saving' really help in the long run?
Does Investing more in NPS (as a result of tax saving) actually translate to a bigger Retirement Corpus or better returns...
In reality, we never really get full control over our money until we actually have it in our hands.
There are always scams happening even in fund houses, banks, and other institutions.
Diversification just helps us ensure that we won't get ducked by a few failing institutions.
Even I'm planning...
I believe you mean the ~32% income tax that we don't pay while putting in NPS..
It's factored in as NPS contribution is considered 50K while MF contribution is considered 34K
The thing about asset allocation is, that my current portfolio always has a decent debt and emergency fund portion.
So NPS doing it again for me with the money i won't really use for 25+ years seems unnecessary.
And ofcourse, If I take it and invest it with the rest of my money, keeping it...