NPS credit card payments

196°
Deal Cadet
yogobit460

So I'm confused now was depositing 50k 

, it clearly says credit card charges are 0.90% + gst @ 18% & for debit card & netbanking its zero charges

But when I choose payment gateway it's all showing same charges

20230815233714

for netbanking

20230815113342

Will the extra charge for using credit card get deducted from 50118 & get deposited?

Also one more query, I've 2 cards amex mrcc & legend signature 

Mrcc reward points 0.25 for every 1 point

Legend 0.75 for 1 point but on sat sun its 2x so 1.5%

How much reward cashback in actual rupees would I get on 50k nps payment?

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Deal Cadet Deal Cadet
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Amex mrcc provide zero rewards point on nps

Finance Mentor Finance Mentor
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Please don’t share false information.
amex mrcc provides regular Rewards as well bonus rewards.

IMG5140


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Deal Cadet Deal Cadet
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Payment by Credit card  is charged at 0.75%+18%gst.

For 50k you have to pay 442.50 extra

Deal Cadet Deal Cadet
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But it's not showing extra or will it show extra amount once I enter cc details?

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Deal Cadet Deal Cadet
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Will the extra charge for using credit card get deducted from 50118 & get deposited?

But it's not showing extra or will it show extra amount once I enter cc details?

Also one more query, I've 2 cards amex mrcc & legend signature

Mrcc reward points 0.25 for every 1 point

Legend 0.75 for 1 point but on sat sun its 2x so 1.5%

How much reward cashback in actual rupees would I get on 50k nps payment?

Finance Mentor Finance Mentor
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Each month 1.5k * 4 txns will give you ~ 7% (-1% charges) returns on Amex MRCC. If points are redeemed for Amazon GV 18k Gold collection.
Extra charges on CC is clearly written as 0.75%+gst

Screenshot2023-08-16at11.42.20AM

I don't have any idea about legend signature.
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Benevolent Benevolent
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@yogobit460

No need to be paranoid.

Your assumption that small repeat txns will flag as suspicious activity. Why bother if they are genuine ? It is no way suspicious transaction if you are making regular 1500 txn to a genuine spend.

>>>I couldn't purchase jewellery using my amex card, amex rep said amex  doesn't allow within six months of card issuance & further can block any jewellery purchase at any time as gold is a high risk tx?

At max a verification call might come thats all don't worry.


Deal Cadet Deal Cadet
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No they literally blocked the jewellery payment at POS of PC Chandra jewellers

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Deal Cadet Deal Cadet
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So I've a few queries now

By 19th I've to submit investment proof

I wish to deposit 50k in nps using amex

Will making 4 × 1500 payments & rest 44000 by mrcc be ok?

How much will be the total I'll be paying including extra cc tx charges?

Will I get one payment proof of 50k , or 5 separate nps investment proofs

Is this right time to invest in nps?

If I pay nps using hdfc platinum debit card will I get cashback?

Benevolent Benevolent
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Is it NSDL or Kfintech ?
Finance Mentor Finance Mentor
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Nsdl

replyuser
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