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Indian Bank RuPay Select
An entry-level RuPay card with a low, waivable annual fee and basic protections — straightforward for first-time cardholders.
Annual fee
₹499
Joining fee
₹0
Reward type
points
Base reward rate
0.4%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 650+ whose spend is concentrated in fuel, utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.4% base rate
- Insurance benefits: Accidental death/permanent disability cover of ₹5 lakh (standard RuPay Select tier benefit)
Benefits by category
- 🛡️ Insurance
Accidental insurance ₹5L
- ⛽ Fuel
1% fuel surcharge waiver up to ₹200/statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 650
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% waiver on fuel transactions between ₹400–₹4,000, capped at ₹200/statement cycle
Benefits
- 1% fuel surcharge waiver up to ₹200/statement cycle
- Accidental insurance ₹5L
Pros
- + No joining fee
- + Easy fee waiver (₹50K)
- + RuPay acceptance across Indian merchants
Cons
- − Modest reward rate
- − Limited benefits