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.

 

[jack333]

Ace is best for income tax and nps payments. They've stopped easily issuing it since long time that's why its still not devalued

 

[heuristic]

Gold provides points for utilities, so you got it. Will update the same (above information is for mrcc, smartearn etc. where no points for utilities).

Thanks

Can i get MR points with AMEX Platinum Travel CC?

 

[iAmPm]

is Axis Flipkart CC still giving 1.5% cashback on NPS transaction after revising the term & conditions after 5-March-2023?

any update from anyone?

 

[satviksehgal]

Is it 5% on income tax and nps?

nope

 

[satviksehgal]

Gold I own it’s different criteria we get rewards for fuel too

true. the only perk of having the gold charge, something that even the Plat Charge does not get.

 

[Paritosh]

IMP ADVICE - With new tax regime NPS wont get tax benefits. Till your NPS balance is less than 2.5 lacs you can get back lumpsum after 5 years. So be careful of breaching the 2.5 lac limit or u will be stuck till retirement

Would you please share more details about withdrawal? Any article with calculations would help.

 

[rtg500]

Can anyone confirm if Axis Flipkart gives 1.5% cashback? I have done 20k using Amex MRCC, 5k using Bob Premier (spend based offer). More 25K left. I don't see government services excluded from the list. https://www.axisbank.com/docs/default-source/default-document-library/cashback-tncs---final.pdf

 

[Shubham Yadav]

SBI simply click can also be used if payment is more than and up to 1 lakh because a 2k clear trip voucher will be provided after reaching a 1 lakh milestone.

 

[r_raghu]

SBI simply click can also be used if payment is more than and up to 1 lakh because a 2k clear trip voucher will be provided after reaching a 1 lakh milestone.

What's the reward rate on SimplyClick is it 1.25%(5X) or 0.25%.

 

[_ayush]

does DCB still get RPs?

 

[wackybodega]

does DCB still get RPs?

No. I made the payment last month, and the statement showed that transaction had no reward points.

 

[gowthamselvam]

Can anyone confirm if Axis Flipkart gives 1.5% cashback? I have done 20k using Amex MRCC, 5k using Bob Premier (spend based offer). More 25K left. I don't see government services excluded from the list. https://www.axisbank.com/docs/default-source/default-document-library/cashback-tncs---final.pdf

Not on Govt spending after revision.

 

[anilkrsh]

any update from anyone?

Tried to pay advance tax on axis FK and got 1.5% cb. I believe nps is also under same MCC.

 

[jack333]

Yes ace is giving 2%

 

[humanatearth]

Which card should i use for NPS payment from Infinia, DCB, Magnus, Axis Vistara Infinite, AU Zenith, IDFC Wealth (or suggest any other better card).

From above posts, it seems HDFC is not giving RPs, and after recent change, not sure about axis either.

 

[roadrunner]

I paid NPS contribution of 50k using Magnus card on Jan 22, 2023.
Received rewards points.

 

[paresh22]

I have never done any credit card payment before with surcharge. So I need some help to understand how will be the calculation for paying 50k voluntary contribution to NPS tier1.

If I used SBI Cashback for 50k payment then
0.75% surcharge mean 375/-
on this 375/- there will be 18% gst so it will be 67.50/-
so total I will be charged 50000+375+67.50 => 50442.50
Against this amount I will get 1% of 50k => 500 as cashback
so net gain will be 57.50/- right?

 

[jack333]

I have never done any credit card payment before with surcharge. So I need some help to understand how will be the calculation for paying 50k voluntary contribution to NPS tier1.

If I used SBI Cashback for 50k payment then
0.75% surcharge mean 375/-
on this 375/- there will be 18% gst so it will be 67.50/-
so total I will be charged 50000+375+67.50 => 50442.50
Against this amount I will get 1% of 50k => 500 as cashback
so net gain will be 57.50/- right?

I think 1% cashback would be on total amount

 

[CC_Fire]

Paid NPS from Magnus card on 22nd March and full RPs received

 

[satviksehgal]

I think 1% cashback would be on total amount

true.