Indian Overseas Bank Introduces RuPay Select Debit Card with Luxury Benefits
Indian Overseas Bank (IOB) has unveiled all new RuPay Select debit cards via a Tweet.
The Rupay Select debit card will offer “luxury, convenience and security, all in one card,” the IOB said in the post.
The introduction of the RuPay Select debit card will provide users with gym memberships, a free health check, free golf lessons, spa services, and lounge access at select domestic and international airports.
Eligibility criteria
One is required to have a savings bank account or Certificate of Deposit (CD) with IOB, maintaining an average daily balance of ₹ one lakh.
The cash withdrawal limit is set at INR 50,000. The daily limit for use in commercial enterprises (PoS) is set at ₹ five lakh. An amount of up to 350,000 RUB is set for daily use in e-commerce platforms.
The card issuance fee and annual maintenance fee are INR 800 with GST, respectively.
Transactions in IOB ATMS
No fees will be charged for the first five transactions (both financial and non-financial). Post, for each financial transaction in cash withdrawal or deposit, $10 plus GST will be charged. For non-financial transactions like checking bank statement, mini statement, etc, five dollars will be charged plus GST.