Indian Bank presents the Bharat Credit Card which caters to a basic income bracket. You can avail of this credit card if you earn at least Rs. 5,000 per month. This card comes in handy for purchasing things on credit, EMI and more. Buy it now and pay for it up to 45 days later. Credit limits on this card extend up to Rs. 20,000 and is only valid in India. This card is not excluded from comprehensive insurance cover offered by Indian Bank. Cardholders are insured against death by air accident or any other accident. Have peace of mind while you shop as your card carries purchase protection to safeguard you against fraudulent products and services. Earn reward points which you can redeem for cash back. Enjoy all these benefits and more with no joining fee and no annual fees.
This card is free. Indian Bank does not levy any charges on applicants to avail of this credit card.
Enjoy the benefits of this credit card at no cost every year. Indian Bank does not charge annual fees on their credit cards.
Avail of cash advances with your Bharat Credit card at any Indian Bank ATM. You can withdraw upto 25% of your credit limit. The card is also valid at 5,500 VISA ATMs in India.
For every Rs. 100 spent on Indian Bank Bharat Credit Card, you will earn 50 paisa. These points can be redeemed for cash back that will be credited to your account. You need at least Rs. 500 collected to be able to redeem the rewards.
In case you find that any purchase you have charged to your credit card has turned out to be a fraudulent, fake or damaged product, Purchase Protection will safeguard you against these charges for up to Rs. 10,000.
Get complimentary insurance cover with your Indian Bank Bharat Credit Card. The insurance safeguards you in case of hospitalisation resulting from accident, lost luggage and more. It also covers life insurance in case of death by air accident or any other accident.
Buy now and pay later when you shop with your Indian Bank Bharat credit card. Avail of a minimum of 15 days to a maximum of 45 days interest-free credit on your purchases. Pay your bills in full to avail of the interest-free cycle on every purchase.
The credit limit available on the Bharat Card ranges between Rs. 10,000 and Rs. 20,000.
Interest rates on your outstanding balance are as low as 1.99% per month. Interest is calculated provisionally from the date of transaction upto the due date. After paying your credit card bill, the interest will be refunded to you.
| Charge | Amount |
| Annual Fee | Nil |
| Joining Fee | Nil |
| Minimum due | 10% of the amount billed. |
| Interest on revolving credit | 1.79% per month (21.48% per annum). |
| Add on Card | Not available |
| Charge | Amount |
| Late Payment Penalty | Rs. 50 |
| Cash advance limit | Up to 25% of the credit limit |
| Cash advance transaction charge | Indian Bank ATM - Nil Other domestic Bank’s ATM - Rs. 25 |
| Interest on Cash withdrawal | 1.99% per month from the date of transaction. (23.88% per annum) |
| Balance Enquiry | Rs. 35 |
| Card re-issue | Rs. 100 |
| Over limit charges | Rs. 25 |
| Limit Enhancement | Rs. 25 |
| Cheque return | Rs. 50 |
| Booking Railway ticket charges | 1.8% of the transaction amount subject to a minimum of Rs. 10 |
| Fuel surcharge | 2.5 % of the transaction subject to a minimum of Rs. 10. |
| Chargeslip retrieval | Rs. 75 per slip |
| Statement retrieval | Rs. 50 per statement |
| PIN Mailer re-issue | Rs. 25 |
| Service Tax | 14.50% |
| Foreign Currency Transaction fee | Not Applicable |
| Insurance Coverage | Amount |
| Death due to air accident | Rs. 1 lakhs |
| Death due to any other accident | Rs. 50,000 |
| Hospitalisation cover due to accident for up to 65 years of age | Rs. 50,000 |
| Hospitalisation cover due to accident for 66 years to 80 years of age | Not Applicable |
| Credit shield on death | Rs. 10,000 |
| Purchase Protection | Rs. 10,000 |
| Baggage Cover | NA |
To be eligible for an Indian Bank Bharat Credit Card you need to meet the following requirements.
This card is free of cost. Indian Bank does not levy any annual fees or joining fees.
The credit card is valid only in India. It can be swiped at over 1.5 lakhs merchant outlets which accept VISA. It can be used for online, teleshopping, IVRS and mail order transactions. The card is also accepted at 5,500 ATMs that have the VISA logo displayed.
The minimum amount due is 10% of your total bill. This amount is a compulsory payment which must be made by the due date to avoid any penalties and other charges.
Yes, you can pay the minimum due for as long as you like. But paying only the minimum due will take you years to complete payment on your bill. For instance, if you have billed a total of Rs. 4,000 to your credit card and you pay only the 10% due on your card every month, you will take close to 3 years or more to clear your bill. Interest will accumulate on your outstanding balance.
The bill for your Indian Bank Bharat Credit Card will be generated on the 15th of each month. Your statement will be sent to you via courier or Post. The payment due date will be 15 days from the date on the statement. If you do not receive your statement within 7 days, contact Indian Bank customer service.
With the Indian Bank Bharat Credit Card, you are permitted to carry out 5 transactions in a day. Cash withdrawals are limited to 2 transactions in a day.
In the event that you lose your credit card, you can call the customer care helpline immediately and report it. Your card will be blocked and a new one will be issued. In case you suspect your card is stolen, you need to file an FIR with the police and submit a copy to Indian Bank Credit Card Centre.
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