| Description |
Charges |
| Joining Fee |
Rs. 499
0 (for select channels – limited time offer) |
| Annual Fee |
Annual Fee: 499 2nd year onward
2nd year onward: Annual fee waived off on annual spends greater than INR 2,00,000/- {Rent transactions ( MCC 6513 ) and wallet load transactions ( MCC 6540 ) will not be eligible for spends counted in availing annual fee waiver} |
| Card Replacement fee |
Nil |
| Cash Payment fee |
Rs.175 |
| Duplicate Statement Fee |
Waived |
| Charge slip retrieval fee or copy request fee |
Waived |
| Outstation cheque fee |
Waived |
| Mobile alerts for transactions |
Free
|
| Balance enquiry charges |
Waived |
| Finance Charges (Retail purchases and Cash) | 3.75% per month (55.55% per annum) |
| Cash Withdrawal Fee | 2.5% (Min. Rs. 500) of the cash amount |
| Overdue penalty or Late payment fees |
Nil if total payment Due is upto Rs. 500
Rs. 500 if total payment due is between Rs. 501 - Rs. 5000
Rs. 750 if total payment due is between Rs. 5,001 - Rs. 10,000
Rs. 1200 if total payment due is Rs. 10,001 and above
Additional INR 100 on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be applicable for every payment cycle until the MAD is cleared.
|
| Over limit penalty | 2.5% of the over limit amount (Min Rs.500) |
| Cheque return or dishonor fee or auto-debit reversal | 2% of the payment amount subject to Min. Rs.500
|
| Surcharge on purchase or cancellation of railway tickets | As prescribed by IRCTC/Indian Railways |
| Foreign currency transaction fee | 3.5% of the transaction value |
| Reward Redemption fee |
No |
| Rent Transaction fee |
1% fee per transaction will be applicable on rental transactions. GST will be applicable. |
| Dynamic Currency Conversion markup |
1.5% will be applicable on each International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in a foreign nation. |
| Education Transaction Fee (Applicable from 20th Dec, 2024) |
1% fee per transaction will be applicable on education payments made via third party apps |
| Utility Transaction Fee (Applicable from 20th Dec, 2024) |
1% fee will be applicable on cumulative spends of INR 25,000 or more on utilities per statement cycle |
| Wallet Load Transaction Fee (Applicable from 20th Dec, 2024) |
1% fee will be applicable on cumulative spends of INR 10,000 or more on wallet loads per statement cycle |
| Fuel Transaction Fee (Applicable from 20th Dec, 2024) |
1% fee will be applicable on cumulative spends of INR 50,000 or more on fuel transactions per statement cycle |
| Online Skill Based Gaming Transaction Fee (Applicable from 20th Dec, 2024) |
1% fee will be applicable on cumulative spends of INR 10,000 or more on online skill based gaming platforms per statement cycle |
