Indian Overseas Bank VISA Signature Credit Card

1. Movie Booking Discounts: Enjoy 50% off up to Rs.300 on booking at least two tickets through BookMyShow. 

1. VISA Benefits: This credit card also offers various VISA benefits like airport immigration services, 24x7 concierge services, access to golf services, car rentals, emergency card replacement, EMI facility, and emergency cash disbursement. 

1. Insurance Benefits: This credit card also offers personal accident insurance coverage of up to Rs.10 lakhs. 

1. Annual Fee Waiver: Get your annual fee of Rs.750 plus taxes waived off on completing credit card transactions worth Rs.1 lakh or above.

Eligibility Criteria to Apply for the Indian Overseas Bank VISA Signature Credit Card

Eligibility criteria for Resident Indians Applicants: 

The resident Indians must fulfill the below-listed eligibility criteria to apply for the Indian Overseas Bank VISA Signature credit card: 

1. The main parameters checked by the bank when issuing this credit card are credit score and net monthly income. Do note that your credit limit will be decided based on your income and credit score. 

1. When issuing this credit card, the bank will follow a rule-based underwriting model depending on the category of applicant – salaried or self-employed. 

1. The bank will also assess credit history, previous applications, stability of employment and other related factors before issuing a credit card. 

1. You should retain at least 50% of your income after paying debts and expenses. 

1. You should have a minimum monthly income of Rs.15,000 in the case of salaried applicants and a minimum gross annual income of Rs.3 lakh in the case of self-employed applicants. 

1. To apply for an unsecured credit card, a CIBIL score of 700 or above is required. If your score is below 700, you can still apply for a secured credit card, where 90% of your fixed deposit amount will be set as the credit limit. 

1. You will have to provide a PAN card, mobile number, and email ID when applying for this credit card. 

1. If you are not a customer of Indian Overseas Bank, you will have to prove your creditworthiness and fulfill the KYC norms set by the bank to be eligible for this credit card. 

Eligibility criteria for Non-Resident Indians Applicants: 

The Non-Resident Indians (NRIs) must fulfill the below-listed eligibility criteria to apply for the Indian Overseas Bank VISA Signature credit card: 

1. You must be a citizen of India, even though you are residing on foreign shores. This means that you must hold a valid Indian passport. 

1. You must have an NRO or NRE account with the Indian Overseas Bank. 

1. In case you no longer hold an Indian passport, you must submit an undertaking to surrender the Indian Overseas Bank credit card. 

1. To be eligible for this credit card, having a PAN card is mandatory. 

1. You must provide both your Indian and overseas addresses. 

1. Do note that your NRE/NRO account will be used to settle your credit card dues. 

1. Do note that for NRIs, the cash withdrawal limit is 40% of the credit limit in Indian currency or equivalent foreign currency. 

Documents Required to Apply for Indian Overseas Bank Signature Credit Card

The documents required to apply for an Indian Overseas Bank Signature credit card are as listed below: 

1. Valid Identity Proof: Aadhaar card, Passport, PAN card, etc. 

1. Valid Address Proof: Passport, Aadhaar card, electricity bill, water bill, etc. 

1. Valid Income Proof: Bank statements, Form 16, Salary Slips (not more than three months old), ITR, etc. 

1. The PAN is a mandatory document. 

1. CIBIL report stating the score. 

1. Multiple copies of passport-sized photographs. 

Note: The above-listed documents are in general, and the bank may request you to submit additional documents depending on the requirement. 

Fees and Charges for Indian Overseas Bank Signature Credit Card

The fees and charges for the Indian Overseas Bank Signature credit card are as listed below: 

Credit cards make payments easy for all expenses online and offline while offering various benefits

Find a Card >>