M16S / Bank of Baroda / Bank of Baroda Indian Navy Varunah BOBCARD
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Bank of Baroda Indian Navy Varunah BOBCARD
The Bank of Baroda Indian Navy Varunah BOBCARD charges no annual fee and no joining fee. Its base return is 0.25% (1 RP per Rs 100). Accelerated earn: 5 RP per Rs 100 (5X) on groceries and departmental stores. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.25%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on bobcard.co.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | No joining or annual fee (MITC). |
Rewards
| Reward currency | BOBCARD Reward Points |
|---|---|
| Base earnunverified | 1 RP per Rs 100 |
| Base returnunverified | 0.25% |
| Point value | 1 Reward Point = Rs 0.25 as cashback |
| Accelerated earnunverified | 5 RP per Rs 100 (5X) on groceries and departmental stores |
| Spends that earn nothing | Fuel and 'select MCCs' earn no points (the MCC list is not on the product page). UPI spends earn core points only, no accelerated or bonus points. |
| Points expiry | No fixed expiry period published; points lapse if the card is unused for more than 365 days or on closure/delinquency (MITC) |
| Reward notes | base_return_pct = 1 RP x Rs 0.25 / Rs 100 = 0.25%. The issuer page prints benefit details for the Premium variant only; base-variant earn rates, lounge and insurance are from an aggregator. |
Travel and perks
| Domestic loungeunverified | None (aggregator) |
|---|---|
| Forex markupunverified | 3.5% |
| Fuel surcharge waiver | 1% waiver on fuel transactions of Rs 400-5,000, cap Rs 100 per statement (MITC) |
| Other freebiesunverified | Aggregator lists accidental death cover of Rs 20 lakh |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Statement balance below Rs 100: Nil; Rs 100-500: Rs 100; Rs 501-1,000: Rs 400; Rs 1,001-10,000: Rs 750; Rs 10,001-25,000: Rs 950; Rs 25,001-50,000: Rs 1,100; above Rs 50,000: Rs 1,300 |
| Cash advance fee | 2.5% of amount or Rs 500, whichever is higher |
| Eligibility | Serving Indian Navy sailors and officers, and Indian Navy veterans; age 18-70 |
| Fine-print notes | MITC (ver 2.0, Apr 2026) surcharges that eat into returns: rent (MCC 6513) 1%; wallet loads 1%; utility payments of Rs 50,000+ 1% (max Rs 3,000); fuel transactions of Rs 10,000+ 1%; online education payments via listed apps 1% (max Rs 5,000); toll/bus of Rs 5,000+ 1%; railway bookings of Rs 30,000+ 1%. Over-limit fee 2.5% or Rs 600. Points lapse if the card is unused for more than 365 days, on closure, or if dues stay unpaid over 90 days. Redemption only through the BOBCARD portal or app. Card issued by BOBCARD Ltd, a Bank of Baroda subsidiary. Add-on cards carry no fee. The MITC does not name the base Varunah under a specific forex rate, so the 'all other cards' rate of 3.5% is assumed. |
Questions
- What is the annual fee of the Bank of Baroda Indian Navy Varunah BOBCARD?
- No annual fee.
- Does the Bank of Baroda Indian Navy Varunah BOBCARD give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Bank of Baroda Indian Navy Varunah BOBCARD?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Bank of Baroda Indian Navy Varunah BOBCARD?
- Fuel and 'select MCCs' earn no points (the MCC list is not on the product page). UPI spends earn core points only, no accelerated or bonus points.