IOB RuPay Select Credit Card
Indian Overseas Bank · Open to apply
IOB's top RuPay card for limits from ₹2 lakh: 1 reward point per ₹100 (₹0.25 a point, so 0.25%), two domestic lounge visits a quarter and two international visits a year, and a ₹500 annual fee waived on ₹1 lakh of yearly spend.
- Annual fee
- ₹500 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 reward point per ₹100 on POS and online purchases of ₹100 or more: 1 IOB Reward Points per ₹100 (about 0.25% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter; International: 2 visits a calendar year
- Forex markup
- 2.5%
- Data
- From bank documents, checked 6 Nov 2026
Terms the calculator does not value
- The variant (Classic, Platinum or Select) is set by the credit limit IOB assigns, not chosen by the applicant.
Sources
- IOB credit cards Most Important Terms and Conditions (print code 5298_06/26) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- IOB credit cards page, RuPay card features (Product page, the bank's own, read 6 Nov 2026)
- IOB FAQs on RuPay credit cards (FAQ, the bank's own, read 6 Nov 2026)