Indian Bank Bharat Credit Card

Listed below are some of the major features and advantages of owning this card:

• This card is completely free for Indian Bank customers. No joining fees or annual fees are taken from the cardholders.
• The card has an excellent cashback facility. For every ₹ 100 spent via the card, 50 paise is credited to the account. Customers can use this cashback to redeem rewards. Minimum ₹ 500 must be used for redemption.
• The card comes with an interest-free credit period ranging from 15 days to maximum 45 days.
• The maximum credit limit on the card is ₹ 20,000.
• Customers can withdraw cash from ATMs across the country, whenever they are in a need for hard cash. Up to 25% of credit limit can be withdrawn in a month.
• Indian Bank provides the lowest possible interest rates on any outstanding balance. The interest rate is as low as 1.99%.
• Purchase Protection scheme safeguards the cardholders against any purchased product that comes out as a damaged or fake one. Protection amount can go as high as ₹ 10,000.
• Indian Bank Bharat Credit Cardholders receive the complimentary insurance cover too, where they are secured financially in case of fraud purchase, hospitalisation due to an accident, death in air accidents etc.

The table given below explains the insurance benefits related to Indian Bank Bharat Credit Card:

Risk Type	Amount in ₹
Death in air accident	1 lakh
Death in any other accident	50,000
Hospitalisation cover in case of accident	50,000 for people up to 65 years
Purchase Protection	10,000
Credit shield on death	10,000
Baggage Cover	None

Some of the important fees associated with the usage of this card are covered below:

• Annual/Joining Fee: Nil
• Interest-free credit period: Up to 45 days
• Interest on revolving credit: 21.48% per annum
• Minimum due payment: 10% of the outstanding balance
• Cash advance limit: 25% of the credit limit
• Cash advance fee: None in Indian Bank ATM, ₹ 25 in any other ATM
• Card re-issue fee: ₹ 100
• Over limit charges: ₹ 25
• Statement retrieval: ₹ 50 per statement
• Fuel surcharge: 2.5% of the amount or minimum ₹ 10

Following eligibility norms must be fulfilled to avail this card:

• This card is available for people having Indian nationality.
• Applicant must be in the age bracket of 25 years to 60 years.
• Minimum monthly income of the applicant should be ₹ 5,000.

Documents Required

Applicant must submit the following set of documents:

• Identity and age proof document like Aadhaar Card, Passport, Driving License
• Address proof like Utility bills, Aadhaar Card, Ration Card, Voter Card
• Copy of PAN Card or Form 60 along with Voter ID card
• Income proof like IT Return or bank statements or payslips

Indian Bank has come up with a great credit card option that can be used by people in the low-income group. The card provides an all-round package in terms of interest rate, charges, insurance cover and other benefits.