IB-RuPay-Select
A RuPay card with no joining fee and a ₹250 annual fee from the second year (waived after ₹50,000 of spend in the previous year): 1 reward point worth ₹1 per ₹100 (1%), complimentary airport lounge access, and a 3% forex mark-up. Every figure below is copied from Indian Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-21.
Not on record from an official document: the list of spends that earn no reward. CardWise does not estimate these.
Fees and charges
| Joining fee | Nil MITC |
|---|---|
| Annual fee | ₹250 plus GST MITC |
| Annual fee waiver | On ₹50,000 of spend in the year MITC |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 3% of the transaction, plus GST MITC |
| The ₹250 annual fee is charged from the second year and waived if the previous year's spend exceeds ₹50,000. Fuel purchases carry a surcharge of 2.5% (minimum ₹10); no surcharge waiver is stated. | |
Rewards
Reward points, ₹1 each when redeemed as stated Terms.
| Spend | Earns | Cap |
|---|---|---|
| All purchases | 1 point per ₹100 Terms | no cap on record |
Indian Bank's rewards poster ("Rewards on IB Credit Card") is an image-only PDF that cannot be quoted; it describes a lower rate on rent, utilities, fuel, insurance, jewellery and government spends and none on wallet loads, EMI, ATM withdrawals and small UPI payments, so those spends are left unpriced here.
Benefits
- Lounges: Complimentary airport lounge access (the number of visits is not stated) Terms
Also on this card
Quoted from Indian Bank; not counted in the net value.
Eligibility
The issuer does not publish its criteria on the pages read. Approval is its own decision.
Not published by Indian Bank in the documents read
- the number of lounge visits
- eligibility criteria
- a welcome benefit
- whether the RuPay card can be linked to UPI
The quotes behind the figures
13 figures, each copied from an official Indian Bank document.
Show every quote and source
“No Joining Fee for primary cardholder and add-on cardholder/s.”
“ii. VISA-Gold, VISA-Platinum cards, Visa/ RuPay Classic, RuPay Platinum and RuPay Select Cards: 1st year free, from 2nd year onwards: Rs.250 p.a.”
“If the transaction usage in the previous year exceeds Rs. 50,000/- p.a. in Select/Platinum/Gold/Classic VISA and RuPay Card.”
“Foreign Currency Txn. Fee Conversion Mark up 3% N A”
“Reward Points: 1 point valued at Re.1 for every Rs.100 spent.”
“Accidental Insurance Claim-Rupay | Application Form”
“Joining Fee-Nil”
“AMC: No AMC for 1st year. 2nd year onwards Rs.250/- (Conditional waiver)”
“Petrol and all products / services offered at petrol pumps at Rs.10/- or 2.5% of transaction amount whichever is higher.”
“Airport Lounge Access: Yes”
“Free Insurance Cover available to RuPay Credit Cardholders: *Coverage Features Platinum Card Select Card Insurance cover for Sum Insured Personal Accident Insurance and Permanent Disability Cover Up to Rs.2,00,000/- Up to Rs.10,00,000/-”
“I wish to apply for Rupay Credit Card Classic Platinum Select Visa Credit Card Bharat Gold Platinum”
“IB-RuPay-Select A High end product for the luxury called Life!”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Indian Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. Methodology