Bank of India RuPay Select 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 membership to either Amazon Prime (Video + Music) or Times Prime (Annual Plan) for the first year.
• Complimentary annual membership to either Swiggy One (3 months) or Fitpass (Annual Plan) for the first year.
• Welcome vouchers worth ₹500 from a curated brand selection.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: ₹50,000.
• Daily POS/Online Transaction Limit: ₹2,00,000.
• International Usage: Available and enabled by default for online transactions; for international POS usage, the card must be activated for international transactions.

Fees and Charges

• Issuance Fee: Nil.
• Annual Maintenance Charge (AMC): ₹400 plus applicable taxes.
• Card Replacement Fee: ₹200 plus applicable taxes.
• ATM Withdrawal Charges: Free at Bank of India ATMs; charges apply at other bank ATMs as per standard bank policy.
• Foreign Currency Markup: 3.5% of the transaction value.
• Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions at all petrol pumps across India, with a maximum waiver of ₹100 per month.

Rewards & Offers

• Lounge Access: 2 complimentary domestic airport lounge visits per quarter via the RuPay Select platform.
• Insurance Cover: Personal Accidental Death Cover of ₹10,00,000.
• Wellness Benefits: Complimentary OPD health check-up once a year through the RuPay Select wellness program.
• Merchant Offers: Access to RuPay Select exclusive offers, including discounts on dining, travel, and shopping.

Account & Eligibility Criteria

• The card is offered to customers maintaining a Bank of India Savings Account with a specified tier, typically a premium or high-value savings account.
• A Minimum Average Balance (MAB) must be maintained in the linked savings account to keep the card free or to avail of its benefits, as per the bank's account variant terms.

Debit Card Review

This card is best suited for Bank of India customers who maintain a premium savings account and seek a well-rounded debit card with lifestyle perks. The combination of wellness benefits, lounge access, and insurance cover provides significant value. However, the annual fee and foreign currency markup are standard, and the benefits are heavily tied to the RuPay Select platform, which may limit acceptance on certain international websites compared to Visa or Mastercard.

Important Product Details

• Card Network: RuPay Select.
• Card Type: Contactless Debit Card.
• Insurance: ₹10 lakh personal accident death cover.
• Lounge Access: 2 domestic lounge visits per quarter.
• Wellness: 1 annual OPD health consultation.
• Fuel Surcharge: 1% waiver on fuel transactions.
• Annual Fee: ₹400 + GST.
• Foreign Markup: 3% on international transactions.

Other Details

• The card is issued on the RuPay network and is widely accepted across India for POS, e-commerce, and ATM transactions.
• The complimentary benefits like lounge access, wellness, and welcome vouchers are subject to terms and conditions of the RuPay Select program and may be modified or withdrawn by the network.
• The personal accident insurance cover is subject to the card being active and used within a specified period prior to the claim.