Union Bank of India PM SVANidhi Credit Card
Union Bank of India · Open to apply
A lifetime-free RuPay credit line for street vendors under the PM SVANidhi scheme: a limit of ₹10,000 rising to ₹30,000, linked to UPI, with no reward points, no cash withdrawals and no foreign transactions.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- No reward points: 0% in Rupees (about 0% at cash value)
- Lounges
- None on record
- Forex markup
- 3%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No reward points
Where the sources disagree
- annual fee: The card portal's fee page for PM SVANidhi lists a ₹350 annual fee waived on ₹30,000 of spend; the bank's product page ("lifetime free") and the MITC (nil) say there is no fee. The page and MITC are used; the portal text matches another card's page.
Terms the calculator does not value
- The MITC's interest table names only the Micro Enterprise card (1.5% a month) and gives no rate for PM SVANidhi, which it groups with that card for fees; the bank's 3% a month is used and may be lower in practice. The MITC also says annual fees of up to 1% of the limit (at most ₹1,000) may be charged from the second year on micro enterprise cards.
- Merchant category restrictions (liquor, gambling, foreign airlines, car rental, international hotel chains and some direct marketing) apply to the card.
Sources
- Union Bank of India, PM SVANidhi Credit Card (Product page, the bank's own, read 6 Nov 2026)
- Union Bank of India, MITC – Credit Cards, version 1.4 (effective 25 Sep 2025) (Most important terms (MITC), the bank's own, read 6 Nov 2026)