M16S / Indian Bank / Indian IB VISA Bharat Credit Card
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Indian IB VISA Bharat Credit Card
The Indian IB VISA Bharat Credit Card charges no annual fee and no joining fee. It earns None (no reward points). Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- —
- Interest
- 1.79%a month
Apply on indianbank.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | No joining fee and no annual maintenance charge. |
Rewards
| Base earn | None (no reward points) |
|---|
Travel and perks
| Fuel surcharge waiver | No waiver stated. MITC lists a petrol-pump surcharge of 2.5% of the transaction or Rs 10, whichever is higher. |
|---|
Charges and eligibility
| Interest per month | 1.79% |
|---|---|
| Late payment fee | Rs 50 (applies when account is past due more than 3 days) |
| Cash advance fee | Rs 25 per MITC schedule; cash interest 1.99% p.m. from withdrawal date |
| Eligibility | Credit limit band Rs 10,000 to Rs 19,999 |
| 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 21.48% (effective 23.73%). Minimum due 10% of billed amount. Cash limit 25% of credit limit. No EMI facility, no add-on cards. Daily caps: ATM Rs 8,000, POS/e-com Rs 12,000. MITC shows forex markup as not applicable to Bharat/Classic, which suggests domestic-only use. |
Questions
- What is the annual fee of the Indian IB VISA Bharat Credit Card?
- No annual fee.