Best way to transfer from credit card to savings account / cc limit enhancement trick

In my googling I found that Charges in karvy are less compared to NSDL

PRA Opening charges – 40 (NSDL), 39.36 (Karvy)
Annual PRA Maintenance cost per account – 95 (NSDL), 57.63 (Karvy)
Charge per transaction – 3.75 (NSDL), 3.36 (Karvy)

But I am not sure whether we get reward points for Karvy like enps(NSDL) as merchant name might change. If anyone used Karvy with many CCs, pls clarify this @dev007

@dev007 may I know what is the merchant name in cc transaction

My tier 2 amount credited yesterday…just now put a withdrawal request…what would be the taxation if any..
@rogerthat

how to keep active tier 1

@admin @Priyanka @cm4444

As we know that this thread has become go to option for any NPS query, I have suggestion to update the topic title to something more appropriate like

“NPS Investment : QnA”.

It could also be something that you decide but it will help community find the info more easily.

@rogerthat won’t be able to update it since thread is quite old.

@dev007 I opened my Tier 1 and 2 account through Karvy and it was a breeze. PRAN generated immediately after payment and took 15 mins total.. Thanks bro..

@rogerthat Great suggestion for CC targets and reaching rewards.. Thanks..

Now my PRAN is freezed I think it takes 3-4 days after initial payment.. Waiting to start using the portal..

wiki on karvy : In November 2019, Securities and Exchange Board of India barred Karvy Stock Broking Limited from purchasing shares in delivery and also accepting new clients till pending forensic audit. SEBI found out that Karvy had defaulted Rs.2000 crore of investor funds by pledging the securities holdings of its customers. The action was based on a detailed report by National Stock Exchange. The company had sold excess securities (not available in their DP account) worth Rs 485 crore through nine related clients till 31 May, 2019. They further transferred excess securities worth Rs 162 crore to six of these nine related clients till 31 May, 2019. Later it tried to repurchase the securities worth 228.07 crores to cover up for the shortfall between June – September 2019. An amount of 1096 crore was transferred to its group concern Karvy Realty Private Limited during the period of April 2016 – October 2019⁹.

Off topic, does anyone know max cash withdrawal limit Per Transaction at HDFC ATM for Easy Shop Debit Card?
It’s been years since I withdrew cash.
I want to withdraw as much cash as I can. Not even sure how many free transactions in a month, some site say 3, some other say 5

https://www.financialexpress.com/money/income-t...

My PRAN is frozen
what documents to be sent CRA To after bank verification
Bank has verified the documents

@rogerthat my company is forcing me to select UTI for opening NPS account, saying they have tied up with them.
Can I change the Fund manager after opening the account for both Tier I and Tier II ?

So can we use cc for tier 1 contribution too. I see check boxes like payment has to be done through bank account and prevention of money laundering act.. Any risk involved?

I wish i could have sbi. Performance is better than uti.

Which is the best fund house to choose for Tier 1 & Tier 2?

Just now created NPS account and generated PRAN number. Also e-verified with aadhar.
Problem is when I’m trying to login, it says PRAN not found in database.
Anyone faced issue like this or does it take some days to login as well?

Is it OK to deposit money into my father’s nps tier 2 account from credit card? I was trying to and it asked for declaration that the funds are self generated. So wanted to check

PFRDA looking at increasing NPS fund management charges

https://www.moneycontrol.com/news/business/pers...

What is the diff between mutual funds and nps tier 2

Which fund is safe in Tier2? considering I want to add money and withdraw after 30 days? I am thinking of LIC Pension Fund – Scheme G – TIER II – 100%
Kindly advise.

I am looking for an app that can help me track daily changes in NAV. Any suggestions ??

NPS app shows the current value of my investment but not the daily change in NAV. 

Investment value is down almost 15% and I want to check the trends for individual funds to see if switch would make sense at this time.

Select HDFC Fund. Manual choice. 60% G + 40% C + 0% E.
This not only keeps funds safe, but you can also consider this above composition for your retirement planning as well in Tier 1 with 0 exposure to E. Consider this as a debt fund. Consider investing here as a debt portion of your investements if rest all your investments are in equity.
60% G + 40% C + 0% E is a very good All Debt option.

I don’t think so. All should allow. But, i pefer hdfc.

Can we open NPS tier 1 and tier 2 in different banks? Or both needed to be in the same bank?

Contribution charges added extra?

@rogerthat I have lost 13K with Tier-I any suggestions current scheme is MODERATE AUTO CHOICE E- 50% C – 30% G – 20% and also for activating tier 2 do we need invest a minimum amount?

It seems that the whole of NPS II will be taxed, not only the profit. So this can be counter intuitive.

I have not read anything like this anywhere else other than this article.
Although, I do understand there is a grey area about taxation of tier 2 Nps and should have been clarified by CBDT.
Some body from accounting background could give a heads up if some clarification had come in the budget.
Also NSDL refers tier 2 account as savings bank account for the fact how liquid it is. I wouldn’t believe they would want to tax it any differently for the same.

There is another reply in Quora as well by NSDL but can our investments be based on this?
https://www.quora.com/Is-NPS-Tier-II-withdrawal...

@kurk @ramadesidime