M16S / Indian Bank / Indian IB RuPay Select Credit Card
mid · rewards, upi
Indian IB RuPay Select Credit Card
The Indian IB RuPay Select Credit Card costs Rs 250 a year, waived if you spend Rs 50,000 in a year. It earns 1 point per Rs 100. The forex markup is 3%. Lounge visits in India: Yes, count not stated by the bank. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 250+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- —
- Forex markup
- 3%
- Interest
- 1.66%a month
Apply on indianbank.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 250 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | No joining fee. Year 1 free; Rs 250 a year from year 2, waived if prior-year spend exceeds Rs 50,000. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 1 point per Rs 100 |
| Reward notes | Features sheet reads '1 point (Re. 1) per Rs 100 spent'; the wording is ambiguous on whether a point is worth Re 1. base_return_pct left null because the redemption value could not be confirmed (rewards PDF unreadable). |
Travel and perks
| Domestic loungeunverified | Yes, count not stated by the bank |
|---|---|
| Lounge conditions | Features sheet lists airport lounge access for RuPay Select without a visit count; governed by the RuPay lounge programme. |
| Forex markup | 3% |
| Fuel surcharge waiver | No waiver stated. MITC lists a petrol-pump surcharge of 2.5% of the transaction or Rs 10, whichever is higher. |
| Other freebies | RuPay personal accident and permanent disability cover up to Rs 10,00,000. Up to 4 add-on cards. |
Charges and eligibility
| Interest per month | 1.66% |
|---|---|
| Late payment fee | Rs 250 (past due more than 3 days) |
| Cash advance fee | Rs 50 per MITC schedule; cash interest 2.25% p.m. from withdrawal date |
| Eligibility | Credit limit Rs 2,00,000 and above |
| Fine-print notes | No joining fee on primary or add-on cards. Statement on the 20th, payment due 15 days later; interest-free period 15 to 45 days, lost if the previous statement is not paid in full. Railway ticket surcharge 1.8% or Rs 10, whichever is higher. EMI conversion fee 2% (min Rs 199, max Rs 1,000), EMI interest 18% p.a., foreclosure 3% of pending principal. The bank's reward-programme PDF is an image scan and could not be read, so point value, expiry and exclusions are unverified. Online and international use is off by default and must be enabled. Purchase APR 19.92% (effective 21.84%). Minimum due 5%. Cash limit 40%. At Rs 250 a year this is among the cheapest RuPay Select cards, but the bank does not publish lounge counts. |
Questions
- What is the annual fee of the Indian IB RuPay Select Credit Card?
- Rs 250 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the Indian IB RuPay Select Credit Card give airport lounge access?
- Yes. In India: Yes, count not stated by the bank. Outside India: none listed. Conditions: Features sheet lists airport lounge access for RuPay Select without a visit count; governed by the RuPay lounge programme.
- What is the forex markup on the Indian IB RuPay Select Credit Card?
- 3% of each foreign-currency transaction, before GST.