M16S / Union Bank of India / Union Bank of India PM SVANidhi Credit Card
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Union Bank of India PM SVANidhi Credit Card
The Union Bank of India PM SVANidhi Credit Card charges no annual fee and no joining fee. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- —
- Interest
- —
Apply on unionbankofindia.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free: no joining, activation, inactivity or renewal fee. |
Rewards
| Reward notes | MITC says reward points are not applicable to PM SVANidhi cards; the product page says rewards are 'per the Bank's policy' with no rate. |
|---|
Charges and eligibility
| Late payment fee | Nil if dues up to Rs 500; otherwise Rs 200 (dues up to Rs 25,000) or Rs 500 (above) |
|---|---|
| Cash advance fee | Cash withdrawal not allowed |
| Eligibility | PM SVANidhi street-vendor beneficiaries. Limit Rs 10,000 initially, rising to Rs 30,000 after satisfactory usage. |
| Fine-print notes | Government-scheme card. No international or forex transactions; no cash at ATM or POS; MCC blocks on liquor, gambling, foreign airlines, car rental, international hotel chains. Valid five years. EMI conversion for billed amount of Rs 2,500+ at up to 1.5% per month. Statement on the 1st, due on the 21st. Revolving interest rate for this card is not stated clearly in the MITC. |
Questions
- What is the annual fee of the Union Bank of India PM SVANidhi Credit Card?
- No annual fee.