IOB Rupay Select Credit Card

Apply for the best credit card of Indian Overseas Bank

Last updated:25-Jul-24
IOB Rupay Select Credit Card
  • Best suitable for: Rupay
  • Joining Fee: ₹ NIL + GST
  • Annual Fee: ₹ 500 + GST + GST
  • Welcome Benefits: Not Aplicable
IOB Rupay Select Credit Card

IOB Rupay Select Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ NIL
Annual/Renewal Fee:₹ 500 + GST
Finance Charges:2.50% p.m. / 30% on annualized basis
Spend Based Waiver:If annual spends on card is Rs 1,00,000/ or above in the preceding year
Over Limit Penalty:Once Card limit is exhausted Rs.100/- will be charged as over limit fee.
Rent Payment chargesNULL
Forex Charges:2.5% of the transaction value
Minimum Repayment Amount:5% of Total outstanding + All charges/fees/taxes + EMI
Cheque Return Fees:300/- per returned cheque
Late Payment Charges:If card member fails to pay at least the minimum dues, Late Fee of Rs.100/- will be charged after 3 days from the due date

IOB Rupay Select Credit Card: Eligibility & Documentation

The applicant should be more than 21 years of age. There should be enough income sources to meet the credit requirement
Aadhaar card, Passport, PAN card as your Identity proof
Any Utility bill, Passport, or Voter ID as your address proof
Salary slips, bank statements, or IT returns as your income proof

IOB Rupay Select Credit Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.25% (Min. INR 22.50 for every 1000/-) of the cash amount
Cash Advance Withdrwan Limit: Upto 40% of the card limit
Cash Payment at Bank Branch: NIL

Card replacement fee: Rs 100 + GST

Domestic lounge: NA

International Lounge: NA

Fuel Surcharge:Not Applicaple on this card

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