M16S / Bank of Baroda / Bank of Baroda Indian Navy Varunah Premium BOBCARD
premium · rewards, cobrand, travel
Bank of Baroda Indian Navy Varunah Premium BOBCARD
The Bank of Baroda Indian Navy Varunah Premium BOBCARD costs Rs 2,499 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 0.75% (3 RP per Rs 100). The forex markup is 2%. Lounge visits in India: Unlimited domestic lounge access (Bank of Baroda's listing). Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 2,499+ GST
- Fee waived at
- Rs 1,50,000annual spend
- Base return
- 0.75%
- Forex markup
- 2%
- Interest
- 3.75%a month
Apply on bobcard.co.inOpens the bank’s own page.
Fees
| Joining fee | Rs 2,499 |
|---|---|
| Annual fee | Rs 2,499 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | Joining fee Rs 2,499 waived on Rs 25,000 spend in first 180 days. Annual fee Rs 2,499 waived on Rs 1.5 lakh spend in the anniversary year. |
Rewards
| Welcome benefitunverified | 12-month Amazon Prime membership and 500 bonus RP (aggregator) |
|---|---|
| Reward currency | BOBCARD Reward Points |
| Base earn | 3 RP per Rs 100 |
| Base return | 0.75% |
| Point value | 1 Reward Point = Rs 0.25 as cashback |
| Accelerated earn | 15 RP per Rs 100 (5X) on travel, dining, online and international spends (categories from Bank of Baroda's listing) |
| Caps | 5X earn capped at 2,500 RP per statement cycle; UPI earns core points only, max 500 RP per statement cycle |
| 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 = 3 RP x Rs 0.25 / Rs 100 = 0.75%; accelerated categories return 3.75% until the cap. |
Travel and perks
| Domestic lounge | Unlimited domestic lounge access (Bank of Baroda's listing) |
|---|---|
| Lounge conditionsunverified | Spend condition not printed on the page read |
| Forex markup | 2% |
| 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 | 12-month Amazon Prime membership; aggregator lists air accident cover Rs 1 crore 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 Premium BOBCARD?
- Rs 2,499 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 Premium BOBCARD give airport lounge access?
- Yes. In India: Unlimited domestic lounge access (Bank of Baroda's listing). Outside India: none listed. Conditions: Spend condition not printed on the page read
- What is the forex markup on the Bank of Baroda Indian Navy Varunah Premium BOBCARD?
- 2% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Bank of Baroda Indian Navy Varunah Premium 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.