IOB SalarySe Rise UP RuPay Platinum Credit Card
Indian Overseas Bank · Open to apply
A fixed-deposit-backed RuPay Platinum card from IOB and the SalarySe app: limit 90% of the deposit (₹2,250 to ₹4,50,000), free virtual card and no annual fee, with SalarySe's Scoins rewards on SalarySe UPI and card spends (not valued here).
- Annual fee
- Lifetime free
- Joining fee
- None
- Lounges
- None on record
- Forex markup
- 2%
- Data
- Terms not entered, checked 6 Nov 2026
Terms the calculator does not value
- The MITC contradicts itself on two fees: a cash advance is "₹500 per transaction + GST" in fee row 3 but "up to 3% of cash withdrawal amount or ₹250 whichever is higher" in rows 18 to 20 (3% and ₹250 are entered); and Scoins above ₹10,000 are 5 per ₹100 in one line and 10 in the next (not entered).
- Scoins rewards (MITC): 0 Scoins per ₹100 on UPI apps other than SalarySe, on railways, fuel, rent, government services, insurance, education, contracted services, agriculture, transportation, telecom and post office, and on payments under ₹2,000 at small offline merchants; 2 Scoins per ₹100 on payments under ₹10,000 in a billing month through SalarySe UPI, online or the physical card; 5 Scoins per ₹100 above ₹10,000 (the text also says 10 Scoins above ₹10,000); 10 Scoins per ₹100 through SalarySe UPI on the 1st and last day of a month (with a ₹2,500 minimum on other days). Redeemed only on the SalarySe app for brand vouchers, expiring 18 months after accrual. No rupee value per Scoin is published, so the card is listed, not valued.
Sources
- IOB SalarySe Rise UP Credit Card, Most Important Terms and Conditions (Most important terms (MITC), the bank's own, read 6 Nov 2026)