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A HO:Credit Card Centre, 2nd Floor, 480 Anna Salai, Chennai
600035 |
General Features of IB Credit Cards
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Features |
Gold Card |
Classic Card |
Bharat Card |
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1 |
Acceptability |
Global |
Global |
Domestic |
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2 |
Affiliation |
VISA |
VISA |
VISA |
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3 |
Eligibility |
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a.
Nationality |
Indian
Nationals & NRIs |
Indian
Nationals & NRIs |
Indian
Nationals |
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b. Age |
18- 80
years |
18- 80
years |
25-60
years |
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c.
Minimum Monthly Income |
Rs.8000/- |
Rs.8000/- |
Rs.3000/- |
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d. Association with Indian Bank |
Mandatory |
Mandatory |
Mandatory |
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e. PAN
Card |
Mandatory |
Mandatory |
Voter ID
Mandatory |
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f. Mobile
Phone / E mail ID |
Desirable |
Desirable |
-- |
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4 |
Revolving
Credit limit |
Rs.75,001/-
to Rs.3.00 lakhs |
Rs.25,000
to Rs.75000/- |
Rs.10,000
to Rs.20,000/- |
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5 |
Cash Advance Facility |
40% of the
credit limit subject to maximum of Rs 25000/- per
day |
40% of
credit limit subject to maximum of Rs 25000/- per
day |
25% of
Revolving credit limit subject to maximum Rs.5,000/- per day |
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6 |
Add On
Cards |
Upto 4 cards |
Upto 4 cards |
Not
Applicable |
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7 |
Insurance
cover on |
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a. Death
(100%) due to Air Accident |
Rs.5.00 lakhs |
Rs.2.00 lakhs |
Rs.1.00 lakhs |
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b. Death
(100%) due to any other accident |
Rs.2.00 lakhs |
Rs.1.00 lakh |
Rs.0.50 lakh |
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c. Hospitalization Cover due to accident |
Age upto 65 years |
Rs.1.00 lakh |
Rs.0.50 lakh |
Rs.0.50 lakh |
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Age 66 to
80 years |
Rs.0.50 lakh |
Rs.0.25 lakh |
N A |
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d.
Baggage Cover |
Rs.10,000 |
Rs.5,000 |
N A |
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e. Credit
shield on death |
Rs.25,000 |
Rs.10,000 |
Rs.10,000 |
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f.
Purchase protection cover |
Rs.25,000 |
Rs.10,000 |
Rs.10,000 |
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g. Death
(100%) due to any other accident to First Add On Card
member |
Rs.1.00 lakh |
Rs.0.50 lakh |
N A |
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8 |
Minimum
Amount Payable (Minimum
amount Rs.100/-) |
5% of
transactions + Charges |
5% of
transactions + Charges |
10% of
transactions + Charges |
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9 |
Date of
monthly Billing |
20th of
every month |
20th of
every month |
15th of
every month |
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10 |
Service
charges |
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a.Joining Fee |
No Joining Fee |
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b.Annual Membership |
No Annual Membership Fee |
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c.Cash Advance charges |
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1.99%
p.m. |
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d.Cash Advance Fee |
Rs.50/- |
Rs.50/- |
Rs.25/- |
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e.Purchase Charges / Other Fee Charges |
1.99%
p.m. |
1.99%
p.m. |
1.79% p.m |
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f.Late Fee |
Rs.250/- |
Rs.250/- |
Rs.50/- |
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g.Over Limit Fee |
Rs.50/- |
Rs.50/- |
Rs.25/- |
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h.Limit Enhancement Fee |
Rs.100/- |
Rs.100/- |
Rs.25/- |
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i.Cheque return charge / Invalid Cheque
Fee |
Rs.250/- |
Rs.250/- |
Rs.50/- |
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j.Card Re-issue Fee |
Rs.250/- |
Rs.100/- |
Rs.100/- |
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k. Pin
Mailer Re-issue |
Rs.50/- |
Rs.50/- |
Rs.25/- |
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l. Cash
withdrawal at Indian Bank ATM’s |
Nil |
Nil |
Nil |
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Other than Indian
Bank ATM’s in |
Rs.50/- |
Rs.50/- |
Rs.50/- |
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Cash withdrawal at any ATM Abroad |
Rs.250/- |
Rs.250/- |
Not
applicable |
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m. Auto
Debit Facility on request |
Available |
Available |
Available |
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MOST
IMPORTANT TERMS AND CONDITIONS
1.
a) No Joining
Fee, Annual Fee b)
No Annual Fee for Primary & Add on Card Holder 2. Avail reimbursement of loyalty points(Re.1/- for every Rs.200/- spent) 3.
Cash Advance Fee Rs.50/- ( Bharat Card Rs.25) 4.
Service Charges are levied on transactions in a.
Petrol pumps at Rs.10/- or 2.5% whichever is higher b.
Railway tickets at Rs.10/- or 1.8% whichever is higher 5.
Interest Free Credit Period for purchases: a.
Minimum – 15 days & Maximum – upto
45 days b.
15 days time is provided for making the payment from the
Billing date. Usage of the Credit
Card on the Billing date of the month would provide 45 days interest free
credit whereas using the card on previous day of the Billing date would
give only 15 days interest free credit 6.
Finance charges a.
Cash withdrawals – 2.25% per month from the date of
transactions (APR 27.00% p.a) (for Bharat Card 1.99% pm APR.23.88% p.a) b.
Purchase transactions 1.99% per month on revolving
credit (APR.23.88%p.a). For Bharat Card 1.79% pm( APR i.e.21.48%p.a) 7.
Overdue interest charges – The Bank will charge Rs.500/-
if there is no payment made for two consecutive months. This is in addition to the applicable
finance charges. 8.
The billing statement would be generated on the 20th
of every month (for Bharat Card 15th of every month) and the
same shall be dispatched through Courier or Postal Services 9.
All contents of the Statement will be deemed to be
correct and accepted by the Cardholder unless within 21 days of the
statement date, the cardholder informs Indian Bank of any discrepancies 10.
For Customer Service Please Call, Customer Care Centre:
Phone: 044-2433 1320, 2433 1321 Toll Free
Number for Customer Care
1-800-425-1400 11.
For Grievance Redressal: Contact: HO:Credit Card Centre, 2nd
Floor, 480 Anna Salai, Chennai 600 035 – Email: ibccc@dataone.in;
ibcreditcard@vsnl.net, Fax:044-24330317