M16S / Bank of Baroda / Bank of Baroda Indian Navy Varunah Plus BOBCARD
mid · rewards, cobrand
Bank of Baroda Indian Navy Varunah Plus BOBCARD
The Bank of Baroda Indian Navy Varunah Plus BOBCARD costs Rs 1,499 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 0.5% (2 RP per Rs 100). Accelerated earn: 10 RP per Rs 100 (5X) on dining, travel, online and international spends. The forex markup is 2.5%. Lounge visits in India: 3 per quarter (aggregator). Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 1,499+ GST
- Fee waived at
- Rs 1,50,000annual spend
- Base return
- 0.5%
- Forex markup
- 2.5%
- Interest
- 3.75%a month
Apply on bobcard.co.inOpens the bank’s own page.
Fees
| Joining fee | Rs 1,499 |
|---|---|
| Annual fee | Rs 1,499 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | Joining fee Rs 1,499 waived on Rs 15,000 spend in first 180 days. Annual fee Rs 1,499 waived on Rs 1.5 lakh spend in the anniversary year. |
Rewards
| Welcome benefitunverified | 12-month Amazon Prime membership (aggregator) |
|---|---|
| Reward currency | BOBCARD Reward Points |
| Base earnunverified | 2 RP per Rs 100 |
| Base returnunverified | 0.5% |
| Point value | 1 Reward Point = Rs 0.25 as cashback |
| Accelerated earnunverified | 10 RP per Rs 100 (5X) on dining, travel, online and international spends |
| 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 = 2 RP x Rs 0.25 / Rs 100 = 0.5%. The issuer page prints benefit details for the Premium variant only; Plus earn rates, lounge and insurance are from an aggregator. Cap on 5X earn not found for this variant. |
Travel and perks
| Domestic loungeunverified | 3 per quarter (aggregator) |
|---|---|
| Forex markup | 2.5% |
| Fuel surcharge waiver | 1% waiver on fuel transactions of Rs 400-5,000, cap Rs 250 per statement cycle; GST not reversed; waived fuel transactions earn no points |
| Other freebiesunverified | Aggregator lists air accident cover Rs 50 lakh and non-air Rs 10 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. |
Questions
- What is the annual fee of the Bank of Baroda Indian Navy Varunah Plus BOBCARD?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 1,50,000 in a year.
- Does the Bank of Baroda Indian Navy Varunah Plus BOBCARD give airport lounge access?
- Yes. In India: 3 per quarter (aggregator). Outside India: none listed.
- What is the forex markup on the Bank of Baroda Indian Navy Varunah Plus BOBCARD?
- 2.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Bank of Baroda Indian Navy Varunah Plus 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.