Bank of India Visa Classic Debit Card – Benefits, Fees & Eligibility

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 and wellness benefits, including complimentary airport lounge access, personal accident insurance, and a wellness benefit through the RuPay Select platform.

Welcome Benefits

• Complimentary annual health check-up benefit available through the RuPay Select Wellness Program.
• Complimentary OTT platform subscription benefit (e.g., Amazon Prime, depending on the ongoing RuPay offer).
• Complimentary gym or yoga membership access.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: Up to ₹50,000.
• Daily POS/Online Transaction Limit: Up to ₹2,00,000.
• International Usage: Enabled for international transactions, subject to bank-configured limits and activation.

Fees and Charges

• Issuance Fee: Nil (Free for eligible account holders).
• Annual Maintenance Charge (AMC): ₹400 plus applicable GST.
• Card Replacement Fee: ₹200 plus applicable GST.
• ATM Withdrawal Charges: Free at Bank of India ATMs; charges apply for other bank ATMs as per standard bank policy.
• Foreign Currency Markup: 3.5% of the transaction value.
• Fuel Surcharge Waiver: Up to 1% surcharge waiver on fuel transactions at select petrol pumps, subject to a maximum cap.

Rewards & Offers

• Lounge Access: Complimentary access to domestic airport lounges (2 per quarter) and international airport lounges through the RuPay Select program.
• Insurance: Personal Accidental Death Cover of up to ₹10,00,000.
• Wellness Benefits: Access to the RuPay Select Wellness Program, which includes complimentary health check-ups, gym memberships, and pharmacy discounts.
• Merchant Offers: Access to RuPay-specific merchant discounts and e-commerce offers.

Account & Eligibility Criteria

• The card is issued to customers maintaining a Bank of India Savings Account.
• It is typically offered with premium savings account variants requiring a higher Minimum Average Balance (MAB) or a specific relationship value with the bank.
• The card may be issued free of charge if the account holder maintains the required MAB or relationship value.

Important Product Details

• Card Network: RuPay Select.
• Card Type: Contactless Debit Card.
• Positive Highlights:
  • Comprehensive wellness and lifestyle benefits.
  • Complimentary domestic and international lounge access.
  • High personal accident insurance cover.
  • Competitive daily transaction limits.
• Negative Highlights:
  • Annual Maintenance Charge of ₹400 is applicable.
  • Foreign currency markup of 3% is standard and not waived.
  • Benefits like lounge access and wellness are subject to RuPay program terms and may change.

Other Details

• The card operates on the RuPay network, ensuring domestic transaction processing and compatibility with Indian payment systems.
• All benefits, including lounge access and wellness offers, are governed by the terms and conditions of the RuPay Select program and are subject to change at the discretion of the network provider.