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 designed to offer a comprehensive suite of lifestyle, wellness, and banking benefits. The top differentiating benefits include complimentary airport lounge access, a free annual health check-up, wellness services like gym and spa memberships, and comprehensive personal accident and purchase protection insurance covers.

Welcome Benefits

• Complimentary annual health check-up through the RuPay Select wellness program.
• Complimentary OTT platform subscription (Amazon Prime) as part of the RuPay Select benefits.
• Complimentary gym, spa, and golf session access as part of the RuPay Select wellness program.

Transaction Limits & Usage

• Daily ATM Withdrawal Limit: ₹50,000.
• Daily POS/Online Transaction Limit: ₹2,00,000.
• International Usage: Enabled for international transactions, including online purchases, POS transactions, and international ATM cash withdrawals.

Fees and Charges

• Issuance Fee: ₹400 plus applicable GST.
• Annual Maintenance Charge (AMC): ₹400 plus applicable GST.
• Card Replacement Fee: ₹300 plus applicable GST.
• ATM Withdrawal Charges:
  • Free at all Bank of India ATMs.
  • Other bank ATMs: 3 free transactions per month in metro cities, 5 free transactions per month in non-metro cities; thereafter, ₹20 plus GST per financial transaction and ₹8.50 plus GST per non-financial transaction.
• International ATM Cash Withdrawal Fee: ₹110 plus GST per transaction.
• Foreign Currency Markup: 3.5% of the transaction amount plus applicable taxes.
• Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions at all petrol pumps across India (minimum transaction ₹400, maximum transaction ₹5,000, maximum waiver ₹100 per transaction).

Rewards & Offers

• Lounge Access:
  • 2 complimentary domestic airport lounge accesses per quarter through the RuPay Select program.
  • 2 complimentary international airport lounge accesses per year through the RuPay Select program.
• Insurance Cover:
  • Personal Accidental Death Cover: ₹10,00,000.
  • Permanent Total Disability Cover: ₹10,00,000.
  • Purchase Protection Cover: Up to ₹50,000 for 90 days from the date of purchase against theft, loss, or accidental damage.
• Wellness Benefits (RuPay Select):
  • Complimentary annual health check-up.
  • Complimentary gym access (6 sessions per quarter).
  • Complimentary spa services (4 sessions per quarter).
  • Complimentary golf sessions (2 sessions per quarter).
• OTT Subscription: Complimentary Amazon Prime Video subscription for one year (renewable annually as per RuPay program terms).
• Merchant Offers: Access to RuPay Select merchant-specific discounts and offers on dining, shopping, and travel.

Account & Eligibility Criteria

• The card is offered to customers maintaining specific savings account variants with Bank of India, typically high-value or premium accounts.
• A Minimum Average Balance (MAB) as required by the linked savings account tier must be maintained to keep the card free or to avail of its benefits; specific MAB requirements vary by account type.

Debit Card Review

This card is best suited for individuals who travel frequently and value wellness and lifestyle perks. The combination of airport lounge access, comprehensive insurance, and the RuPay Select wellness benefits makes it a high-value proposition for those who can meet the account eligibility criteria. The annual fee is reasonable compared to the benefits offered, but the foreign currency markup is relatively high for international spenders. Overall, it is a strong premium debit card for Bank of India account holders seeking lifestyle and health benefits.

Important Product Details

• Card Network: RuPay Select.
• Card Type: Contactless Debit Card.
• Positive Highlights:
  • Complimentary domestic and international airport lounge access.
  • Comprehensive wellness benefits including health check-up, gym, spa, and golf.
  • High personal accident and disability insurance cover.
  • Purchase protection insurance.
  • Complimentary Amazon Prime Video subscription.
  • Fuel surcharge waiver.
• Negative Highlights:
  • High foreign currency markup fee of 3.5%.
  • Annual maintenance charge applicable.
  • ATM withdrawal limits may be restrictive for some users.
  • Benefits are tied to the RuPay Select program and may change based on network terms.

Other Details

• The card is equipped with an EMV chip and supports contactless payments for faster and secure transactions.
• The RuPay Select wellness benefits are subject to terms and conditions set by the National Payments Corporation of India (NPCI) and may be modified or discontinued at their discretion.
• Insurance covers are provided through a group policy and are subject to the terms and conditions of the insurance provider.