NPS Tier-II Using Credit Card

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Deal Cadet
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HDFC is offering 5X rewards for all insurance.
2000 Rewards Points per month.

Just want to know. Can i get this benefit by investing in NPS ?

17 Comments  |  
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Bro, why you think NPS tier-2 has merchant code for Insurance ?

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Which credit cards give Reward points for NPS-II ?

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nimod wrote:

Which credit cards give Reward points for NPS-II ?

Flipkart Axis card give 1.5%

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its not worth to use credit card for NPS due to card usage charges.
btw, i am just doing NPS contribution from my MRCC just to complete 4, 1000 rs transactions monthly.

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Bhalla_here wrote:

its not worth to use credit card for NPS due to card usage charges.
btw, i am just doing NPS contribution from my MRCC just to complete 4, 1000 rs transactions monthly.

Why not buy 4 GVs to pay some bills of yours/friends?

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Atal Pension Yogana comes under which scheme?
How do i create NPS tier 2 account? I have APY PRAN no.

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InvestPotato wrote:

Atal Pension Yogana comes under which scheme?
How do i create NPS tier 2 account? I have APY PRAN no.

Atal Pension Yojana does not have tier-2 account.

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Don’t ever go for loading / withdrawing NPS account with CC.. Capital gain tax arr to be taxed for entire corpus

https://cdn0.desidime.com/attachments/photos/626545/medium/679992815954477048645915469646664641352.jpg?1595447875

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p1m wrote:

Don’t ever go for loading / withdrawing NPS account with CC.. Capital gain tax arr to be taxed for entire corpus

https://cdn0.desidime.com/attachments/photos/626545/medium/679992815954477048645915469646664641352.jpg?1595447875

What do you want to say ? Could you please elaborate??

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No point in using tier 2, unless you are looking at more than 1L per month CC txn.

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