How much is too much NPS contribution using credit card

50K is okay every year

There is a 0.75% charge right @Sudarshan61
How are you paying it, any loop please DM bro

I don’t think there’s any loop. It cc reward points/cashback only. I used axis ace which gives 2% cashback for nps. So effectively saving 1% after approx 1% charge. I used to do 10k per month for nps1 only and obviously 50k annually. For nps2, I never used credit card.

I do transfer 25k at a time (based on spend based offers on card) to my nps tier 2 (later convert 50k to tier 1 for tax purposes) account totalling to roughly 1 lakh a year (spread accross 2-3 cards based on offers). Never had any issue from last 3 years.

I recently opened my nps account in SBI via netbanking. I’m not clear on the next set of instructions. Do I need to submit the form with photograph and other KYC docs to NSDL, Mumbai office?
This is written in the form that I downloaded after registration:
The form should be sent within 30 days from the date of registration at the following address or else the PRAN will be ‘frozen’ temporarily.
Central Recordkeeping Agency
NSDL e-Governance Infrastructure Limited, 1st Floor, Times Tower,
Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013
The envelope containing the form and other supporting documents must clearly be labelled as “NPS Registration form – SBI Internet Banking”. Please Note: The form does not require any verification by SBI branch and needs to be directly sent to NSDL office as above.

Any guidance will be helpful.

@raman12 @decideaim @Sudarshan61 Guys can you please help me for the amount that I can invest in NPS Tier 1 & 2 respectively…Newbie to this…Right now add about 50k in PPF & 42k in LIC. Any better investment options for NPS Tier 1&2?

Sorry for the dumb question but how can I pay NPS using credit card?

i used icici apay card, tried it twice and it didnt go though, next time tried internet banking and viola, it worked!

I am beginner in NPS
From where to start?
Looking for medium risk and tax saving purpose
No CC btw

What is nps?? It is better than mf?

@BAT_MAN , @lootmaal , there are a couple of threads discussing pros-cons of nps in dd itself, have a look and u might have a better idea if u want it or not

does flipkart axis cc provide 1.5% cashback for nps transactions?

@pankajsammal @Sudarshan61 For tax purposes, do we have to put 50k in Tier1 & show it or we can put a combination of amount in Tier 1&2 ?
Is there any check from IT deptt. for an individual’s PRAN that 50k has to be there in Tier1 specifically?

can i self contribute 10% of basic and claim tax benefit under 80CCD(2) if employer is not doing (don’t hv policy).