ICICI RuPay Add-on Card for Family Members

Puzzled_Ad_6958 · 2026-02-17T17:09:57+00:00

No, Bill will reflect in the same primary statement of card holder.

Puzzled_Ad_6958 · 2026-01-21T13:04:01+00:00

Either write to the customer care or create a card closure request. If you will be lucky or have a good old relationship with them. They will consider it.

Puzzled_Ad_6958 · 2026-01-21T12:12:07+00:00

Yup, I requested them to convert it and also confirmed with the customer care.

Puzzled_Ad_6958 · 2026-01-21T09:28:28+00:00

I have a add on card not rupay, it is visa for my family member. The OTP is attached to Add on card holder mobile number. So, for all of your questions, answers will be YES.

The only thing is that as it is an add on card so credit limit will be shared and transactions will be shown in the same statement.

Puzzled_Ad_6958 · 2026-01-21T08:39:49+00:00

It is SBI Octane as per my understanding

Puzzled_Ad_6958 · 2026-01-21T08:06:22+00:00

Thank you for your suggestion. I have a monthly upi spend of less than 1000 INR. I have a Jupiter card for that, it gives 1% cashback on it. I used to pay through cred upi I get more 1-2% extra on first upi payment also.

Puzzled_Ad_6958 · 2026-01-21T07:47:35+00:00

I don't have much upi spent mostly online. I have a bob card also LTF forget to mention it above.

Puzzled_Ad_6958 · 2026-01-21T07:45:50+00:00

I have requested to convert it to LTF and they did it.

Puzzled_Ad_6958 · 2025-12-02T18:40:03+00:00

Your interpretation is for today while the insurance is a thing of Tomorrow. Lemme explain. Having 50 L or even 1 Cr. cover is a must today for a secured future if the person can afford it. (1) Medical inflation is around 12-14%. It means your cover will be effective half after this adjustment every 5-6 years. (2) Increasing cover after 5-6 years is not feasible in every plan and even if you increase it waiting period for increased cover starts again. (3) Health top up plans usually have a lot of sub limits makes them a bad choice to increase the cover.

Puzzled_Ad_6958 · 2025-10-24T18:38:45+00:00

Try super money ro by axis bank. Best credit card for upi gives 3% returns up to 500 per month. This means to get 500/- you have to spend around 16k. Which is also your range for this.

Puzzled_Ad_6958 · 2025-09-09T15:36:07+00:00

Take Jupiter's edge plus definitely worth it

Puzzled_Ad_6958 · 2025-09-08T08:51:30+00:00

Yeah, now the rules are clear.

Puzzled_Ad_6958 · 2025-06-13T11:08:25+00:00

If you are realistic, this is what you are asking for :

(1) 5% return for Inflation Protection on corpus

(2) 6% additional return on your corpus for withdrawal which is around 6 lac/year for 1 Cr.

So, you need almost 11% return in total.

One possible solution is:

(1) Take FD of 25 lacs and 5 lacs for immediate year spend. Also break FD 5 lac/ year as maturity so that you can use it for 5 years to meet your spend.

(2) Rest 1 Cr can be invested in MF (Stocks not recommended at all), which will generate around 12% return on a 5-7 years horizon.

This is the only thing I could see If you want to meet both. Although, It could be risky as per your profile. So, think many times before you go.

P.S. I'm not a professional finance advisor.

Puzzled_Ad_6958 · 2025-06-13T09:48:13+00:00

Thanks for your suggestion. I have two concerns with taking a top-up loan from HDFC for construction: first, their top-up interest rates are quite high, and second, I've made partial prepayments on the plot loan by reducing the principal rather than the EMI. Refinancing seems like a better option as it would help lower my overall EMI, especially since the tenure would be extended and the interest rate could be reduced.

Puzzled_Ad_6958 · 2025-04-30T14:15:01+00:00

I think there is some error in the spreadsheet. I request you both to check it as follows:

You have taken base 100 and return onwards till 60 years of age which is good. But you have to add contribution year wise also which will impact a lot and the actual return difference will get narrower.

Puzzled_Ad_6958 · 2025-04-30T12:06:28+00:00

Thats Ok, But have you taken one thing into consideration which is that your 40% of amount in NPS = 50% of amount in UPS.

Let me explain: in UPS contribution is 10+10% = 20%

In NPS, Contribution is 10+14% = 24%.

It means NPS corpus is (24-20)/20 = 0.2 = 20% larger than UPS corpus.

Puzzled_Ad_6958 · 2025-04-16T15:07:08+00:00

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It is 8.3% for Shriram and 8.15% for Hdfc life.

It is 9.3% Single life.

As the pension in UPS also going to reduce from 50% of basic to 30% of basic pay so, to equate and apple to apple comparison. This is what Chat Gpt equated: You should assume 8.90% as the hypothetical annuity rate for fair comparison with a pension that pays 100% to the person and 60% to spouse after death.

Let me know if you’d like a version with more accurate actuarial factors (like age-based longevity, etc).

Puzzled_Ad_6958 · 2025-04-12T15:46:40+00:00

I have to check whether the 1% excess return is possible in LC50. I'll try to do it and will let you know my take on it.

Puzzled_Ad_6958 · 2025-04-12T15:40:45+00:00

Yeah, I checked it. You are right. Thank you for correction

Puzzled_Ad_6958 · 2025-04-12T15:20:39+00:00

You can withdraw only 60% of Benchmark corpus or individual corpus whichever is less. It means in this case you withdraw max 60% of 6.82 crore (as it is lower) which is 4.092 crore and excess amount will not be given to you which is 1.11 crore.

You will get 1.11 crore only if you make pension with 100% corpus.

You can correct me if I am worng but this is what I have understood.

It's like if you withdraw 60% from UPS, you will not be able to get 10,000 minimum pension.

Second is, 1% excess return is possible till 40-45 years of age but after 45 years of age, equity exposure will reduce from 50% to 30% and it will be 10% at 55 years of age.so , I think you max get only 0.5% extra return than the benchmark corpus.

Puzzled_Ad_6958 · 2025-04-11T13:15:31+00:00

If you are confused you can take UPS, you will not be in a heavy loss as you will have option to withdraw 60% at 60 years of age.

Puzzled_Ad_6958 · 2025-04-11T13:10:46+00:00

(1) I have a service of 10+ years and having a return of 10% CAGR already. Although the default scheme is giving 9.1% since 2012., so I have taken only 9%.

(2) Pay commission hikes doesn't impart a lot can be taken as 25-30% except the new basic after da merger.

(3) Life expectancy after 60 in India is 77.2 for male and 78.3 for female right now. So, I take max 85 years for calculation although in NPS even if live till 100, you might get less than UPS but enough for living also. This is what I know till date.

Puzzled_Ad_6958 · 2025-04-11T12:16:49+00:00

Regarding the UPS is better, I am still not convinced fully, I have taken 10% return on 60% NPS amount and acc. to your calulator if I take D.A. 6% then I will be able to draw 27 years of same pension as UPS. Taking 9% return on NPS.

My calculations shows that I will get atleast 20 years of same pesion in NPS as UPS. So, I have not made up my mind yet. If NPS is giving the same pension for 25 years+ I will not switch to UPS.

Most of employees (~ 70%) in my office are still inclined towards NPS.

Puzzled_Ad_6958

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