Published Jul 25, 2025 5 Min Read

Retirement planning isn’t just about saving—it’s about making your savings work smarter. The National Pension Scheme (NPS) is a go-to option for long-term retirement goals, and with digital payments evolving, you can now make contributions using your credit card. Sounds easy? It is. But there's more to know—especially if you want to maximise your returns while avoiding unnecessary costs.


In this guide, we break down how to use your credit card for NPS payments, the benefits and risks involved, and why pairing NPS with a Bajaj Finance Fixed Deposit (FD) could give you the financial balance you're looking for.

What is an NPS Scheme?

The National Pension Scheme (NPS) is a government-backed savings plan designed to help Indian citizens build a secure post-retirement income. Regulated by the Pension Fund Regulatory and Development Authority (PFRDA), it is open to anyone aged 18–70.


Here’s what makes it popular:

  • Systematic contributions help build a long-term retirement corpus.
  • Tax benefits under Section 80C (up to Rs. 1.5 lakh) and an additional Rs. 50,000 under Section 80CCD(1B) exclusively for NPS.
  • Choice between Tier I (mandatory retirement account) and Tier II (optional, with flexible withdrawals).

But while NPS builds the foundation, a fixed-income instrument like an FD can add predictability and liquidity to your retirement plan.


Combine long-term wealth creation from NPS with guaranteed FD returns from Bajaj Finance. Senior citizens can enjoy up to 7.30% p.a. interest on select tenures. Check latest FD interest rates offered by Bajaj Finance. 

Can Investors Use a Credit Card for NPS Payment?

Yes, you can. Credit card payments are accepted on the official eNPS portal and through authorised Points of Presence (PoPs).


 

Here’s how it works:


 

  1. Visit eNPS website (https://enps.nsdl.com) or your PoP’s online portal.
  2. Log in using your PRAN and password.
  3. Navigate to the ‘Contribute’ section and choose ‘Credit Card’ as your payment method.
  4. Enter the contribution amount—minimum ₹500 per transaction (Tier I).
  5. Input your credit card details and confirm the payment.
  6. Download the confirmation receipt for your records.


 

Ensure you use the correct Virtual Account ID, especially if you're using a bank app (e.g., PFRDA.600101xxxxxxxxx@axisbank for Tier I).


 

Don’t just save for retirement—earn from it!

With Bajaj Finance FD, you can lock in high rates now (up to 7.30% p.a.) and enjoy a steady income post-retirement, especially when NPS returns are market-linked. Open a Bajaj Finance FD online in minutes.

How to Use a Credit Card for NPS Payment?

Making NPS contributions via credit card is a straightforward process. Follow these steps on the eNPS portal or your PoP’s platform:


  1. Visit the official eNPS website or your PoP's platform: Go to the official eNPS website, which is currently migrating from https://enps.nsdl.com to https://enps.nps-proteantech.in. Alternatively, use your PoP's platform.
  2. Log in: Use your Permanent Retirement Account Number (PRAN) and password to log in.
  3. Go to the "Contribution" section: Find the section for making contributions.
  4. Select credit card payment: Choose the credit card option from the available payment methods, which may also include debit card and net banking.
  5. Enter contribution amount: Enter the desired contribution amount. Remember, the minimum amount per transaction for a Tier I account is Rs. 500, with an annual minimum of Rs. 1,000.
  6. Provide credit card details and confirm payment: Enter your credit card information and confirm the payment.
  7. Save the confirmation receipt: Keep the confirmation receipt for your records.

Ensure you use the correct Virtual Account ID (e.g., PFRDA.15DigitVirtualAccount@axisbank, starting with 600101 for Tier I or 600102 for Tier II) to avoid transaction errors.


Turn your retirement plan into a payout plan!

Choose the non-cumulative FD option and get regular income—monthly, quarterly, half-yearly or annually. Ideal for post-retirement stability. Get predictable returns of up to 7.30% with Bajaj Finance FD. Invest now.

Pros and Cons of Using a Credit Card for NPS Payment

Pros

  • Convenience: Pay online from anywhere, eliminating the need for physical visits to banks or PoPs.
  • Flexibility: Contribute to NPS even without immediate cash, leveraging your credit card’s limit.

 

Cons

  • Transaction Fees: A service charge of approximately 0.75% applies per transaction, which can accumulate over time.
  • Interest Charges: Unpaid credit card balances may incur high interest rates (typically 2–3% per month), increasing the cost of contributions.
  • Diversify your portfolio with Bajaj Finance Fixed Deposit for guaranteed returns and stability alongside your NPS contributions.

Open a Bajaj Finance FD at Bajaj Finserv for a secure retirement plan. Start with just Rs. 15,000 and ean up to 7.30% p.a. returns. Open FD

Conclusion

Using a credit card to contribute to NPS can be a smart short-term solution—but only if you’re mindful of the fees and credit card interest risks. For better balance, consider combining NPS with Bajaj Finance Fixed Deposit. It not only offers assured returns but also complements your retirement strategy with flexible tenure options and high safety ratings.


Secure your retirement with Bajaj Finance FD today. Open an FD account

Frequently Asked Questions

Can I pay NPS contribution through credit card?

Yes, contributions can be made via credit card on the eNPS portal or PoP platforms for convenience.

What is the meaning of NPS in credit card?

NPS refers to the National Pension Scheme, a retirement savings plan that accepts credit card payments.

What are the charges per transaction for NPS?

Credit card payments incur a service charge of approximately 0.75% of the transaction amount.

How can a Fixed Deposit help with retirement planning?

Bajaj Finance FD offers assured returns (up to 7.30% p.a. for senior citizens) and flexible tenures, complementing NPS for a stable retirement income. Check latest rates.

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.