NPS Investment - Best Payment Mode
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Thinking to invest in NPS for this financial year..
What is the best mode of payment?
Any best credit cards to use?
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Diners was not accepted, anything changed recently?
amex mrcc?
All credit card companies now scrutinising large value nps transactions & many start considering them as business transactions not eligible for any rewards.
@caks2006407
Enter mutual fund only if you can give regular time to it. High low achieve kroge tbi return Acha milega… Nhi to 5 to 6 b mushkil hta… Sbse Acha Ppf dekho… Ni to wait for fd rates to go up n parents ya Ghar me jo b 18+ non earning ho uske account me daalke fd krva do
What regular time, start a sip in any good/top rated large cap MF & check once in 6 months. Top large cap MF kaa last 10-15 years kaa annualized return aur absolute return check kar liya karo pehle. 
Aur jyaada amount ki fd karwaaoge non earning 18+ members ki family mein toh IT dept kaa notice aa jaayega kyunki ismein bhi rules hote hain.
Thanks a lot for all the comments..
What is the best mode to open an account directly or via any banks?
Infinia 3.33% reward rate on gift card also or this reward rate is applicable for booking flights only ?
I have been investing in NPS since 2011.
this year will do the same but using Credit Card.
Will i get 2% cashback if i use AXIS ACE Credit Card?
And which card gives best rewards for NPS Deposit?
NPS is charging 0.75%+GST .. so 0.83% effective
Wow…10 years…
How are the returns in NPS?
Good discussion about NPS, let me share my thoughts about NPS investment.
It actually good for people who are in 30% bracket, because if you invest 50000/- in NPS then you can save 15000/- for tax.
So invest these 15000/- in mutual fund as you saved it by investing in NPS.
Monthly SIP in NPS: 4200/- approx
Monthly SIP in MF: 1250/- approx
Continue your investment until your age 50 or 60, and see the result.
I agree with this.
Any financial adviser will advise a person to move away from equity mf when he is near to his retirement, because no one would want to put his money in volatile market. NPS and Pf makes sure you have a income if market collapsed. Don’t plan future with no uncertainty. no one thought a corona virus pandemic will occur and if retired person would have put money in mf and he needed large sum for hospitality then where would he go ?. Like this any thing can happen so don’t go for greed in return.
NPS sucks as an investment like some of the others pointed out, APY is better..and noob calculation about the NPS outcome, it’s taxable you loose butt load of money in taxes…. Better to stay with equity or index MFs or stocks.. even with LTCG works out cheaper and better returns..
Actually between APY and NPS, APY is worse.
And for someone in 30% tax bracket, NPS gives more than 25% annual return, which actually beats most MF, out of which 60% is tax free and the remaining with deferred tax liability and marginal rate, to be invested in annuity. The annuity rates of NPS are higher than all annuities available in the market.
So as on date, NPS is the best possible post retirement plan available in India other than investing in real estate.
There is something new as well …..
National Pension Scheme Tier II – Tax Saver Scheme
I belive its only for central gov employees
NPS payment would be considered as Insurance payment by Amex?
apart from 50k, there is an option to invest 10% of basic in NPS too via 80CCD(2),…you can check & enroll with the help of employer
I’m i avail this as a private salaried employee?
Are there any withdrawal charges for NPS
Is there a way we can utilize flutuations in market.. ?? in NPS..
Like if someone had invested and NAV was 20 now if NAV chnages to 30.. it shows u got 50% profit.. but this is not real profit.
ACtual NAV value will be atretirement.. which might be say lesser than 20 too.??
SO can we somehow make advantage of his chnaged NAV value at present.. like re-investing or chnaging fund manager.. or chnaging % of contributions in NPS to E G or C…
dhani debit card
No charges for NetBanking and Debited Card, for Credit Card 0.75% charge + GST applicable.
is there any cap on BOB eterna card for reward points in a cycle? planning to use it for NPS transaction and earn a spread of 2.75% after deducting NPS fees of 1% . Will also help in reaching annual spend milestone for fees waiver renewal
Sorry for digging out an old thread.
Isn’t NPS useful for anyone falling under the 30% tax bracket? The 50k we invest per year (to avail max benefit) will straight away help save 30% as taxes not paid on it so effectively one invests 35k only and yet reap benefits over a long term. Is it correct to think this way?
Of course..It is worth no doubt in that..
Hdfc diners / infinia.
Btw nps is not the best investment, u just defer ur tax and dont get back entre momey investment at retirement….money locks in annuity at very cheap rates.
Instead invest in stocks or mf in sip mode….u can sell at ur own will…..