All cards / Saraswat Co-operative Bank
Saraswat Bank RuPay Credit Card
RuPay
Saraswat Bank RuPay Credit Card
One of the few multi-state urban cooperative banks in India to issue an unsecured RuPay credit card in its own name, Saraswat Bank's card targets existing members with 5% cashback (capped) on groceries, dining and select retail plus a strong 20% back on utility bill payments — the ₹500 annual fee is waived once a modest ₹10,000 is spent in the year.
Rates and fees last verified 19 July 2026 · No bank pays us to rank higher.
Annual fee
₹500
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in utilities, groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Benefits by category
- 🍽️ Dining & food delivery
5% reward rate (capped ₹1,000/monthly)
- 🛒 Groceries
5% reward rate (capped ₹1,000/monthly)
- 🧾 Utilities
20% reward rate (capped ₹250/monthly)
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–65
Benefits
- EMI facility on purchases above ₹2,500 with tenures of 3, 6, 9 or 12 months (excludes cash withdrawals, fuel and jewellery)
- 45-day interest-free period on a billing cycle running from the 11th of the prior month to the 10th of the current month
Pros
- + 20% cashback on utility bill payments, unusually high even if capped at ₹250/month
- + 5% cashback on groceries, supermarkets, electronics and dining, each capped at ₹1,000/month
- + Annual fee waiver requires only ₹10,000 of annual spend, an easy bar for regular use
- + EMI conversion facility on larger purchases with flexible tenures
Cons
- − Only available to Saraswat Bank account holders/members, not the general public
- − Reward caps are modest relative to some scheduled-bank RuPay cards
- − ₹500 + GST annual fee applies if the ₹10,000 spend threshold is missed