Fees
Annual feeNil (Lifetime Free)
Joining feeNil (Lifetime Free)
Renewal feeNil (Lifetime Free)
Fee waiverNot applicable — no annual fee
Interest rate~3.49%-3.75% p.m. (≈41.88% p.a.)
Late paymentNIL up to INR 250 outstanding; above that 2.5% of total amount due (max INR 1,000)
Forex markup1% (among the lowest in market)
Cash advance2.5% of amount withdrawn (min INR 300)
Eligibility
Min income (salaried)No income proof — issued against fixed deposit
Min income (self-emp.)No income proof — issued against fixed deposit
Income requirementSalaried: No income proof — issued against fixed deposit; Self-employed: No income proof — issued against fixed deposit
Credit score0 - 650 (works for new-to-credit / low score — backed by FD)
Age range18 to 60
Employment typeBoth (incl. students/new-to-credit via FD)
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes — 5X Reward Points on top 2 spend categories each month
Cashback %~0.1% base / ~1% on 5X categories (rewards redeemed as cashback)
Cashback capNo fixed cap (reward-based)
Redemption optionsCashback (statement credit) via OneCard app
Points expiryNo Expiry
Travel & lounge
Domestic lounge0 visits (not a core benefit)
International lounge0 visits (no lounge benefit)
Lounge conditionsNo spend condition (see issuer for current terms)
Travel insuranceNo (not bundled)
Hotel/flight offers0% - 5% (periodic OneCard brand offers)
ConciergeNo
Forex waiver1.0% or lower (effectively 1% markup)
Lifestyle
Dining benefitsYes — periodic OneCard dining/brand offers
Dining discountsYes — periodic OneCard dining/brand offers
Fuel surchargeYes — 1% waiver up to INR 400/month
OTT subscriptionsNo (occasional app offers)
E-commerce offersYes — Amazon, Flipkart & other periodic OneCard offers
ComplimentaryOTT: No (occasional app offers)
Credit limit & EMI
Default limitINR 20,000 minimum (up to 100% of FD)
Max limitUp to INR 15 lakh (100% of linked fixed deposit)
Cash withdrawalAs per OneCard policy (typically up to ~20%-40% of limit)
EMI optionsPost-purchase (in-app); Yes — convert any transaction via in-app EMI dashboard
EMI conversionPost-purchase (in-app)
Min EMI amountINR 2,500 - INR 3,000 (approx)
Balance transferNo (not offered)
Insurance & protection
Purchase protectionNo (not bundled)
Lost card liabilityYes — block instantly in app; zero liability after reporting
Digital & security
ContactlessYes — tap-to-pay up to INR 5,000 without PIN
Virtual cardYes — instant virtual card on approval
App featuresOneCard app: real-time spend alerts, card lock/unlock, set/modify limits, view statements & due dates, convert to EMI, rewards tracking & redemption, autopay, virtual card, spend analyzer
Card controlsBlock/unblock; enable/disable international, online, contactless & ATM; set transaction limits; generate/view virtual card — all in OneCard app
Fraud protectionReal-time alerts; 'Swipe to Auth' biometric/App-PIN approval for online txns; Tokenization (RBI mandated); suspicious-activity blocking; instant in-app block
Zero liabilityZero liability if fraud reported within 3 working days; limited liability if reported within 4-7 working days; full liability if reporting delayed beyond 7 days without valid reason (per RBI)
WhatsApp supportYes (SIB WhatsApp banking)