Bank of IndiaBank of India RuPay Select Debit Card – Benefits, Fees & Eligibility
Is the Bank of India RuPay Select Debit Card Right for You?
The Bank of India RuPay Select Debit Card is best suited for users who prioritize Travel, Premium, Wellness. With an issuance fee of ₹400 + GST and an annual maintenance charge of ₹400 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Merchant Vouchers, Instant Discounts as its primary reward mechanism.
Key Card Details
₹400 + GST
₹400 + GST
Merchant Vouchers, Instant Discounts
3.5% of transaction value
₹50,000 per day
₹2,00,000 per day
Notable Perks
Welcome Offer
Complimentary annual wellness membership and exclusive RuPay Select welcome vouchers
Domestic Lounge Access
2 complimentary visits per quarter
International Lounge Access
2 complimentary visits per year
Insurance Coverage
Personal Accidental Death and Permanent Total Disability cover up to ₹10 lakhs each
Dining Benefits
Discounts on dining through RuPay partner offers
Fuel Surcharge Waiver
Waiver of 0.75% on fuel transactions up to ₹5,000 at select fuel stations
Account Requirement
Requires premium savings account with MAB of ₹50,000 to get the card free of charge
Free ATM Transactions
Free at Bank of India ATMs
Things to Consider
High foreign currency markup of 3.5% on international transactions
No direct cashback or reward points on regular spends
Benefits are heavily tied to the RuPay Select platform and subject to its terms
Benefits & Features
Welcome Offer
Complimentary annual wellness membership and exclusive RuPay Select welcome vouchers
Reward Type
Merchant Vouchers, Instant Discounts
Domestic Lounge Access
2 complimentary visits per quarter
International Lounge Access
2 complimentary visits per year
Insurance Coverage
Personal Accidental Death and Permanent Total Disability cover up to ₹10 lakhs each
Dining Benefits
Discounts on dining through RuPay partner offers
Travel Benefits
Complimentary lounge access and discounts on travel through RuPay partner offers
Daily ATM Withdrawal Limit
₹50,000 per day
Daily POS/Online Spend Limit
₹2,00,000 per day
Account Requirement
Requires premium savings account with MAB of ₹50,000 to get the card free of charge
Fees & Charges
Issuance Fee
₹400 + GST
AMC Fee
₹400 + GST
Foreign Currency Markup
3.5% of transaction value
Fuel Surcharge Waiver
Waiver of 0.75% on fuel transactions up to ₹5,000 at select fuel stations
Free ATM Transactions
Free at Bank of India ATMs
ATM Withdrawal Charges
Charges apply for other bank ATMs as per bank's schedule
Card Replacement Fee
₹300 plus applicable taxes
Pros & Cons
Pros
Key benefits and features of this card.
Complimentary domestic and international airport lounge access provided quarterly and yearly
Comprehensive insurance cover of up to ₹10 lakhs for accidental death and disability
Exclusive RuPay Select wellness benefits including health check-ups and gym access
Contactless payment capability for fast and secure transactions
Cons
Key drawbacks and limitations of this card.
High foreign currency markup of 3.5% on international transactions
No direct cashback or reward points on regular spends
Benefits are heavily tied to the RuPay Select platform and subject to its terms
Requires a high MAB of ₹50,000 to waive the annual maintenance charge
Product Details
Card Variant: RuPay Select
Contactless payment enabled
Linked to Bank of India premium savings account variants
International usage enabled by default for online and POS transactions
Exclusive RuPay Select wellness platform membership included
Benefits & Features
Welcome Offer
Complimentary annual wellness membership and exclusive RuPay Select welcome vouchers
Reward Type
Merchant Vouchers, Instant Discounts
Domestic Lounge Access
2 complimentary visits per quarter
International Lounge Access
2 complimentary visits per year
Insurance Coverage
Personal Accidental Death and Permanent Total Disability cover up to ₹10 lakhs each
Dining Benefits
Discounts on dining through RuPay partner offers
Travel Benefits
Complimentary lounge access and discounts on travel through RuPay partner offers
Daily ATM Withdrawal Limit
₹50,000 per day
Daily POS/Online Spend Limit
₹2,00,000 per day
Account Requirement
Requires premium savings account with MAB of ₹50,000 to get the card free of charge
What matters, explained clearly
Introduction
The Bank of India RuPay Select Debit Card is issued by Bank of India and is linked to specific savings account tiers. It is a premium contactless debit card offering a range of lifestyle, wellness, and insurance benefits, including complimentary airport lounge access, personal accident insurance, and exclusive merchant offers through the RuPay Select platform.
Welcome Benefits
- Complimentary annual membership to a curated wellness platform offering services such as health check-ups, gym access, and yoga sessions.
- Exclusive RuPay Select welcome vouchers and offers on categories like health, wellness, and lifestyle.
Transaction Limits & Usage
- Daily ATM withdrawal limit: ₹50,000
- Daily POS/online transaction limit: ₹2,00,000
- International usage is available and enabled by default for online and POS transactions.
Fees and Charges
- Issuance Fee: ₹400 plus applicable taxes
- Annual Maintenance Charge (AMC): ₹400 plus applicable taxes
- Card Replacement Fee: ₹300 plus applicable taxes
- ATM Withdrawal Charges: Free at Bank of India ATMs; charges apply for other bank ATMs as per the bank's schedule
- Foreign Currency Markup: 3.5% of the transaction value
- Fuel Surcharge: Waiver of 0.75% on fuel transactions up to ₹5,000 at select fuel stations
Rewards & Offers
- Complimentary domestic airport lounge access: 2 visits per quarter
- Complimentary international airport lounge access: 2 visits per year
- Personal Accidental Death Insurance cover of up to ₹10 lakhs
- Permanent Total Disability Insurance cover of up to ₹10 lakhs
- RuPay Select exclusive merchant offers on health check-ups, pharmacy, and wellness services
- Discounts on dining, travel, and entertainment through RuPay partner offers
Account & Eligibility Criteria
- The card is linked to Bank of India's premium savings account variants.
- A Minimum Average Balance (MAB) of ₹50,000 is required to get the card free of charge; otherwise, the annual maintenance charge applies.
Debit Card Review
- This card is ideal for customers who maintain a high balance in their Bank of India account and seek premium lifestyle benefits without a credit card.
- Pros: Complimentary lounge access, comprehensive insurance cover, and exclusive RuPay Select wellness benefits.
- Cons: High foreign currency markup, limited cashback or reward points on regular spends, and benefits are heavily tied to the RuPay Select platform.
Important Product Details
- Card Variant: RuPay Select
- Contactless payment enabled
- Positive Highlights: Generous insurance coverage, quarterly lounge access, and exclusive wellness platform membership.
- Negative Highlights: No direct cashback or reward points on spends, high foreign transaction fees, and benefits are subject to RuPay Select terms and conditions.
Other Details
- The card is issued on the RuPay network, ensuring domestic transaction processing and compatibility with all RuPay-enabled terminals.
- All benefits, including lounge access and insurance, are subject to terms and conditions set by RuPay and the respective service providers.