Yes, I chose this option too.
The 5% cashback feature costs
Rs. 299 for 3 months.
Here’s the breakdown of the effective gain:
- Month 1: Rs. 10,000 spent → Rs. 500 cashback – Rs. 88.50 NPS gateway charges
- Month 2: Rs. 10,000 spent → Rs. 500 cashback – Rs. 88.50 NPS gateway charges
- Month 3: Rs. 10,000 spent → Rs. 500 cashback – Rs. 88.50 NPS gateway charges
Total Gain = (Rs. 500 × 3) – (Rs. 88.50 × 3) – Rs. 299
Net Benefit =
Rs. 935.50
Overall, it’s a pretty decent deal!