Indian Bank

Indian Bank Select Credit Card

VisaRewardsMid Tier: GoldLifetime free
Lounge accessTravel insuranceDining benefitsFuel waiver
Free
1st year fee
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Fees
Annual feeNil (per official T&C; DB previously showed INR 1,000 - unverified source)
Joining feeINR 500 + GST
Renewal feeINR 1,000 + GST (waived on first year)
Fee waiverSpend INR 1,50,000 in 12 months
Spend waiverSpend INR 1,00,000 in 12 months
Interest rate1.66% per month (per official T&C; assumes RuPay-Select variant)
Late paymentINR 100-INR 500 (based on amount due)
Forex markup2.00%
Cash advance2.5% of amount (min INR 500)
Eligibility
Min income (salaried)INR 35,000 - INR 50,000
Min income (self-emp.)INR 6 - INR 9 lakh/year
Credit score700 - 750 (CIBIL score)
Age range21 to 60
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes
Cashback %1.5% - 2%
Cashback capINR 2,000 - INR 3,000/month
Redemption optionsStatement Credit, Gift Vouchers, Air Miles
Points expiry3 Years
Travel & lounge
Domestic lounge4-8 visits/year
International lounge2-4 visits/year via Priority Pass
Lounge conditionsYes
Insurance coverageYes
Hotel/flight offers5% - 10%
ConciergeYes
Forex waiver1.5% - 2.0%
Lifestyle
Dining discountsYes
Fuel surchargeYes
OTT subscriptionsYes
E-commerce offersYes
Credit limit & EMI
Default limitINR 75,000 - INR 1.5 lakh
Max limitINR 3 - INR 5 lakh
Cash withdrawal20% - 40%
EMI conversionPost-purchase
Min EMI amountINR 2,500 - INR 3,000
Balance transferYes
BT interest rate1.2% - 1.5% per month
Insurance & protection
Purchase protectionYes
Lost card liabilityYes
Digital & security
ContactlessYes
Virtual cardYes
App featuresReal-time Alerts, Reward Tracking, Equated Monthly Instalment (EMI) Conversion
Card controlsBlock/Unblock, Limit Set, International Enable/Disable
Fraud protectionReal-time Transaction Alerts, Zero Liability Guarantee
Zero liabilityZero liability if reported within 3 working days
WhatsApp supportYes
Ideal for

Frequent Travelers, Online Shoppers

Read our guides
Airport Lounge Access GuideHow EMI WorksHow Rewards WorkJoining Fee vs Annual Fee

Know your rights

Banks cannot send you a credit card you didn't apply for. If they do and bill you, they must reverse the charge AND pay you twice that amount as penalty, automatically, no questions asked.