IOB Rupay Select Credit Card
Apply for the best credit card of Indian Overseas Bank
Welcome Benefits
- Not Aplicable
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 charges | NULL |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Eligibility criteria
The applicant should be more than 21 years of age. There should be enough income sources to meet the credit requirement
The applicant must be an Indian citizen and valid address proof
Document Requirements
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
Other Information
Frequently Asked Questions
What is the annual fee of IOB Rupay Select Credit Card?
The Annual fees of IOB Rupay Select Credit Card is 500 + GST. And there is Joining fees is free.
What is the interest rate on the IOB Rupay Select Credit Card?
The IOB Rupay Select Credit Card has an interest rate of 2.50% p.m. / 30% on annualized basis
Are there foreign transaction fees on the IOB Rupay Select Credit Card?
Yes, The IOB Rupay Select Credit Card charges a 2.5% fee for all transactions in foreign currency .
What is the credit limit of IOB Rupay Select Credit Card?
The credit limit for the IOB Rupay Select Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Indian Overseas Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Indian Overseas Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
IOB Rupay Select Credit Card Credit Limit: Up to ₹10 Lakh