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.

 

[tushu5121]

Is amex MRCC eligible for Rewards and milestone if done nps payments?

 

[HumorSimpson]

Is amex MRCC eligible for Rewards and milestone if done nps payments?

but PG charges may be more.
cc : @helloworld

 

[sousnake]

Is amex MRCC eligible for Rewards and milestone if done nps payments?

No for reward & yes for milestone.. 2k points if you do 5000*4 transaction in month.
<~1% charges on cc payment for nps

 

[tushu5121]

Ok thanks..

Is flipkart Axis eligible for NPS?

 

[sm9811911]

Ok thanks..

Is flipkart Axis eligible for NPS?

N o o

 

[am11]

No for reward & yes for milestone.. 2k points if you do 1500*4 transaction in month.
<~1% charges on cc payment for nps

Its actually 1k points on 1500*4. 2k on transaction of 20000. And yes, no separate reward points.

 

[VKS CARD FAN]

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

IDFC select gave 387points for NPS transaction of 8070.
Axis ACE stopped giving 2% cashback for NPS January onwards.

 

[helloworld]

but PG charges may be more.
cc : @helloworld

.885% for enps website or app. other places bank may deduct extra.

 

[its_karan]

Any insights on using Apay Card

on Kfintech

Using Billdesk

An Update:

Amazon Pay ICICI Card is still giving 1% on NPS Transactions.

[PG= Billdesk
CRA= KFintech
Card used= Apay ICICI]

 

[sidsonn]

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.

SBI Vistara Prime gives its regular points on NPS transactions and the spends are also counted towards the milestone benefits

Anyone has tried with Axis Atlas?

 

[WhoU]

Isn’t IDFC wealth card also good for NPS?

 

[am11]

Isn’t IDFC wealth card also good for NPS?

Yes, you would get 1.5% to 2.5% return depending on the amount per month.

 

[avikrish]

Yes, you would get 1.5% to 2.5% return depending on the amount per month.

Using hdfc platinum debit card on nps website, bill desk gateway, will we get 1% cashback upto Rs750 ? For nps tier 1, in nps website

 

[helloworld]

Using hdfc platinum debit card on nps website, bill desk gateway, will we get 1% cashback upto Rs750 ? For nps tier 1, in nps website

HDFC = NPS = Govt. Transaction not Utility.

 

[SonyTom]

Interesting, this morning the extra surcharge by PayZapp was refunded and credited back. So I guess it remains 1.93% premium.

I added the money to PayZapp wallet with a BoB Eterna, so 3.75% cashback. Still net positive.

Did you use the prepaid card shown in Payzapp for paying NPS.
I have some money loaded in payzapp wallet. Unable to use it. The tap and pay with NFC is not accepted at the shops I use commonly. If the wallet balance which is same as the prepaid card balance can be used for NPS, I could empty the wallet for good.

 

[sm9811911]

Did you use the prepaid card shown in Payzapp for paying NPS.
I have some money loaded in payzapp wallet. Unable to use it. The tap and pay with NFC is not accepted at the shops I use commonly. If the wallet balance which is same as the prepaid card balance can be used for NPS, I could empty the wallet for good.

Yes can be used.

 

[SonyTom]

Yes can be used.

Thanks. It worked. Made a payment of Rs 1000 to NPS through payzapp prepaid card. It was successful. The only catch being that 1019 was deducted from the Payzapp wallet. So 2% extra is charged. Thus this method is ok for emptying the Payzapp balance, but not profitable unless you have some credit card with which you can load the Payzapp wallet at >2% reward rate.

Edit: Got a refund of ₹12 from NPS to Payzapp wallet on next day.
So net outgo for payment of ₹1000 to NPS is ₹1007.5. Now this is profitable. If wallet is loaded with 2% CB, 0.75% is surcharge by NPS. Net profit is 1.25%.

 

[chatenrk]

Is payments via Amex Platinum travel card supported. If they are supported do we get rewards and are they counted towards milestones

 

[sousnake]

Is payments via Amex Platinum travel card supported. If they are supported do we get rewards and are they counted towards milestones

Yes amex card can be used to pay nps.
You will not get normal reward points but they will count towards milestone which make them pretty good.

 

[SuperKnight]

Atlas gives for NPS, but not after 20th April, so use it before only for this FY