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Bank of Baroda Credit Card Fees and Charges

Home Credit Card Bank of Baroda Credit Card Fees and Charges

Bank of Baroda Credit Cards are acclaimed for their safety, affordability, and easy accessibility. Thus, you can easily utilize the benefits of these cards to earn rewards, pay bills, shop, etc. However, proper utilization can be done only when you are aware of the applicable fees and charges for services and features offered. Read on to know more about BoB Credit Card fees & charges.

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Updated: 12-12-2025 08:08:03 AM

All Bank of Baroda Credit Cards, come with varying features and benefits. Similar to the features, there are certain fees and charges that may vary across all BoB Credit Cards, such as joining and annual fees. On the other hand, some charges are the same across all cards, for services such as cash withdrawal, late payment fees, etc. While some charges are non-negotiable and have to be paid as per the card’s terms and conditions, others are charged for using a specific service.

Bank of Baroda Credit Card Fees & Charges
Interest Rate/Finance Charge  Cash Withdrawal Fee Annual Fee & Joining Fee
Forex Markup Fee Late Payment Charges Rent Payment Charges
Explore Other Fees & Charges

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Bank of Baroda Credit Card Interest Rate
How is Bank of Baroda Credit Card Interest Rate Calculated?
Bank of Baroda Credit Card Cash Withdrawal
Bank of Baroda Credit Cards: Joining & Annual Fee
Forex Markup Fee on BoB Credit Cards
Late Payment Fees on Bank of Baroda Credit Cards
BoB Credit Card Charges on Rent Payment
Other Fees & Charges for BoB Credit Card
Bank of Baroda Credit Card: FAQs

Bank of Baroda Credit Card Interest Rate

All Bank of Baroda Credit Cards come with an interest-free period of 20 to 50 days. During this period the issuer does not charge any interest on your credit card transactions. However, the interest rate is applicable in certain situations, specifically when you have an outstanding balance on your credit card account. These include, (i) when you fail to the minimum amount due by the due date (ii) you withdraw cash using your BoB credit card (iii) on new transactions when the previous payment is not cleared. The applicable interest on BoB Credit Cards is as follows:

Credit Cards Interest Rate
Unnati 1.50% per month | 18% per annum
Eterna, Prime, Varunah Plus, Varunah, Premium, Yoddha, The Sentinel, Vikram, Rakshamah and Empower Business Card 3.25% per month | 39.00% per annum
All other Credit Cards 3.49% per month i.e. | 41.88% per annum

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How is Bank of Baroda Credit Card Interest Rate Calculated?

It will be easier to understand how credit card interest rate is calculated on your Bank of Baroda Credit Card with the help of an example. Suppose a credit card has the below-given details associated with it.

Credit card interest rate 3.50% per month | 42.00% per annum
Transaction date 1 July 2022
Total amount due Rs. 10,000
Minimum amount due Rs. 500
Statement date 6 July 2022
Amount due date 26 July 2022
Next statement date 6 August 2022

If the cardholder fails to pay the Minimum Amount Due (M.A.D.) by 26 July 2022 then they’ll face the following penalties:

  • Late payment fee
  • Bank of Baroda credit card interest rate at average daily reducing balance method

However, if the cardholder pays off more than the minimum amount due, say 50% which comes out to Rs. 5,000 on 21 July 2022. And then don’t use the credit card till the next statement generation date, 6 August 2022. Then the interest earned will be:

Interest that must be paid is the sum of interest accumulated, on the full outstanding amount (from the date of transaction till the date of partial payment) + Interest accumulated on the remaining amount (from the day after partial payment was made and until the upcoming statement generation date).

Interest from date of the transaction to partial payment date: [21(Number of days from date of the transaction to partial payment date)*10,000 (Full amount) x 42.00% (Interest Rate per annum)] ÷ 365 (Days in a year) = Rs. 241.64

Interest from partial payment date to statement generation date: [15(Days between partial payment date to the day before statement generation date) x 5,000(Remaining amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30

Total interest amount that needs to be paid = Rs. 327.94 [241.64 + 86.30]

Bank of Baroda Credit Card Cash Withdrawal

You can withdraw cash using your Bank of Baroda Credit Card, in case of emergency. The amount of cash you can withdraw using your BOB Credit Card is within the assigned credit limit on your card. Usually, it is around 20-40% of the credit limit. However, there are applicable cash advance and finance charges for withdrawing cash through a credit card. Due to hefty charges imposed without the provision of an interest-free credit period, cash withdrawal is not an advisable thing to do.

      Bank of Baroda Credit Card Cash Withdrawal Charges

2.5% of the withdrawal amount or Rs. 500, whichever is higher

Note 1: Cash withdrawal facility is not available for Unnati Cobrand Credit Card.
Note 2: Cash advance charges are applicable along with the finance charges as mentioned in the section above.

Bank of Baroda Credit Cards: Joining & Annual Fee

Different Bank of Baroda Credit Cards come along with varying joining and annual fees. While the joining fee is charged in the first year, the annual/renewal fee is applicable from the second year as a yearly charge. You can avail annual fee waiver, on meeting the minimum spend requirement. These charges are added to your statement, in the first month of joining as the joining fee, and in the first month after the anniversary year completion as an annual fee. Below mentioned are the applicable annual and joining fees on some of the top BOB Credit Cards:

Credit Card Joining Fee Annual Fee
Bank of Baroda Vikram Credit Card Nil Nil
Indian Army Yoddha BoB Credit Card Nil Nil
Snapdeal BoB Credit Card Rs. 249 Rs. 249
BoB Swavlamban Credit Card Rs. 250 Rs. 250
HPCL BoB Energie Credit Card Rs. 499 Rs. 499
IRCTC BOB Credit Card Rs. 500 Rs. 350
BoB Easy Credit Card Rs. 500 Rs. 500
BoB Select Credit Card Rs. 750 Rs. 750
BoB Premier Credit Card Rs. 1,000 Rs. 1,000
BoB Eterna Credit Card Rs. 2,499 Rs. 2,499

Forex Markup Fee on BoB Credit Cards

The forex markup fee or foreign exchange transaction fee is charged for currency conversion. It is charged when you use your BOB Credit Card for international transactions such as retail transactions outside India, domestic transactions on international POS, online transactions in foreign currency, and ATM cash withdrawals outside India. The forex markup fee of different BOB Credit Cards is listed as follows:

Credit Card Foreign Transaction Charge
Eterna, Varunah Premium, ICAI, ICSI, CMA 2% of transaction amount
Varunah Plus 2.5% of transaction amount
Yoddha, The Sentinel, Rakshamah, Vikram 3.00% of transaction amount
All other Credit Cards 3.5% of transaction amount

Foreign currency transaction fee is not applicable on Unnati Cobrand Credit Card as the card cannot be used for international transactions.

Late Payment Fees on Bank of Baroda Credit Cards

The late payment charge on your Bank of Baroda Credit Card is applicable, when you fail to pay even the minimum due amount. The charge is the same for all BOB Credit Cards, but may vary as per the outstanding amount, as listed follows:

For Outstanding Balance Late Payment Amount
Less than Rs. 100 Nil
Rs. 100 to Rs. 500 Rs. 100
Rs. 501 to Rs. 1,000 Rs. 400
Rs. 1,001 to Rs. 10,000 Rs. 750
Rs. 10,001 to Rs. 25,000 Rs. 950
Rs. 25,001 to Rs. 50,000 Rs. 1,100
More than Rs. 50,000 Rs. 1,300
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BoB Credit Card Charges on Rent Payment

If you consider using your credit card for paying your monthly rent, note that Bank of Baroda Credit Cards charge a processing fee on such payments. The applicable fee is 1% of the total transaction amount. For instance, if you pay rent of Rs. 10,500 with your BoB Credit Card, a fee of 1% on Rs. 10,500 will be charged. Thus, Rs. 105 will be the fee for rent payment in this case along with GST.

Other Fees & Charges for BoB Credit Card

Fee Type Amount
Minimum amount due 5% of outstanding balance or Rs. 200 whichever is higher

Minimum amount due may vary in case of irregular payments
Duplicate bill Rs. 25 per bill
Cheque return charges 2% of the cheque amount or Rs. 450, whichever is higher
Exceeding credit limit charges 2.5% of the amount over & above the sanctioned credit limit or Rs. 600, whichever is higher
Card replacement charges Rs. 100 per card
Charge slip retrieval charges

 

 Rs. 250 per charge slip
Limit enhancement No fee

Note: GST @18% is applicable on all fees, interest and other credit card charges.

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Bank of Baroda Credit Card: FAQs

What is the interest-free period on BOB Credit Cards and how is it calculated?
Interest free period is time interval between credit card transactions and due dates. Suppose that the credit card bill payment due date is the 1st day of the month and the statement generation date is the 12th of the month. Now if you have cleared your previous dues. Then, the transactions made on the 12th day of the month will get you  50 days of interest free period (30 days between statement generation date + 20 days between statement generation date and due date).

How can finance charges be reduced on BoB Credit Cards?
To reduce the finance charges you must make the full payment of the credit card bill on time. If you are unable to make full payment, ensure making at least partial payment of the credit card bill. In all, try to lower your overdue amount to reduce the levied finance charge.

Will I be charged a fee by the Bank of Baroda when I make a request for credit or cash enhancement?
No, you will not be charged a fee when you request a credit or cash enhancement. You have to contact the bank and request credit or cash enhancement. Bank of Baroda will then approve or decline your request as per you payment history, income, etc.

Is the minimum due payment the same for each credit card offered by the Bank of Baroda?
No, it is not the same. It is dependent on the amount of money the customer has spent against their credit limit. The general minimum due percentage is 5% of the outstanding amount.

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