NPS Tier1 CC reward points?
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Hi,
I am thinking to create NPS account for first time to save taxes and invest 50k for this year before 31st March
I know that NPS allow CC payment. The cost comes around 0.9% + GST = 1.062%
I wanted to know if I get rewards points for NPS payment?
I have a spend based offer on my card for 40k+ = 800
If I get reward points on ICICI platinum card. Then it might make sense to pay via CC. (payment amount = 50k)
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Have got rewards points for IDFC credit card. Sorry not sure about ICICI. Also if it is spend based offer, better to check with customer care since TnC might be different
PS: Contributed to Tier 1. Not sure if that makes a difference
I used amex (this year) and hdfc (last year) to utilise spend based reward successfully.
They won’t block account on 50k spends(I’m using mix of amex and hdfc from last 3 years for 50 to 60k/year for nps). Loads of people were misusing it to rotate money using tier 2 accounts who got banned.
Never tried ICICI as rewards points are pretty less even to cover the transaction charge normally.
How much maintainance fees are you paying?
How is the portfolio growing?
In dilemma if I should open NPS account or not?
I won’t get the money back till 60 years of age.
I have used recently axis ace CC for NPS and should be getting Cashback soon.
Is there any way to invest 49k in ELSS MF Tax Saver Long term 3Y lock in period and pay via CC ?
I have all bank credit cards, I just want to avail 1 or 1.5 Percent cashback.
Which App Shall use to buy M Funds ?
Is there any way to invest through Freecharge, Phonepe or Google pay tum order to get atleast 100-150 Cashback?
used rbl card , received rewards
I am getting net 0.75 cashback on my FK axis card. If Ace, then 1.25% net.
Is there any way to invest 49k in ELSS MF Tax Saver Long term 3Y lock in period and pay via CC ?
I have all bank credit cards, I just want to avail 1 or 1.5 Percent cashback.
Which App Shall use to buy M Funds ?
Is there any way to invest through Freecharge, Phonepe or Google pay tum order to get atleast 100-150 Cashback?
Not related to the original question but if you are looking for some related discussion recently at https://www.desidime.com/discussions/nps-accoun...
Have invested 50K per year for Section 80 CCD ( 1B ) and 10% if basic salary if salaried employee and employer supports it( in addition to EPF) under Section 80 CCD ( 2 )
As others mentioned, it is a long term investment and mostly available at annuity period. Have active choice with 70( E ), 20( G ), 10( C ) currently and probably returned 15% XIRR in last 5 years
Also I think you can do minimum investment of Rs. 500 in Tier 1 in case you want to not contribute in between for any reason and there is Tier 2 too though without tax benefits and just to explore
Just sharing my 2 cents. Sorry again if not relevant to your original question.
@Random123 Is 10% of basic, which is employer contribution under Section 80CCD(2), over and above the 1.5L of Section80C and 50k of Section 80CCD(1B)?
FYI, i got my Cashback for Axis Ace NPS contribution in Jan. So still working well.
Invested through which app ?
So total tax benefits only from NPS
= 50k + contribution from employer
(Btw, do i need to match employer contribution as the case in EPF?)
@prem4998 Hi Need help for NPS account.
Do you have screenshot? I did not face any issues after successful registration. After successful registration, you have to wait for a day or 2 to receive your credentials and then complete the rest.
Can we use HDFC platinum debit card for reward points and any extra transaction charge like credit cards?
No extra charges, rewards or cashback
Have fk axis, Amex Mrcc, az pay ICICI, indusind legend
Any which give rewards on contribution?
I think axis fk gives 1.5% and az icici gives 1% while amex mrcc should also consider general reward points. Sorry not sure about indusind legend
Coming back to original question.
I loaded dhani cashback card with credit card and paid with a 2% cashback, when there were no charges on dhani FCC card loading.
Now charges are there?
Will lazycard work on this nps?
Is there any way to invest 49k in ELSS MF Tax Saver Long term 3Y lock in period and pay via CC ?
I have all bank credit cards, I just want to avail 1 or 1.5 Percent cashback.
Which App Shall use to buy M Funds ?
Is there any way to invest through Freecharge, Phonepe or Google pay tum order to get atleast 100-150 Cashback?
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Hdfc used to block the cards ….Check before using