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Credit Limit
The operating limit is initially fixed at  10,000 which would be gradually Increased to 30,000, after observing satisfactory card usage.
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Card Validity
The card is valid for a period of five years from the date of issue.
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Interest Free Period
The issuers will offer an interest-free credit period of 20 - 50 days, as per the existing policy of the Issuer.
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UPI Linkage
The credit card is enabled to be linked to the UPI ID of the beneficiary. This will help beneficiaries to make payments using their credit card limit via UPI.
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ECS/ NACH/ Auto Pay facility
Electronic Clearing Service (ECS)/ NACH (National Automated Clearing House)/ Auto Pay facility for "full payable amount" facility is available for facilitating credit card bill payments directly from the customer's bank account on the due date.
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No International and Forex transactions
International and foreign exchange transactions are not allowed on this card.
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No cash withdrawal
Card will not permit any cash withdrawal through ATM or any Point of Sale (POS) machine.
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MCC restriction
The card will come with certain Merchant Category Codes (MCC) restrictions (Liquor, gambling, foreign airlines, Car Rental Service, International hotel chain, select direct marketing businesses etc.) as decided by Ministry/ Card Issuers and usage will be open to all other merchant types.
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Revolving facility
The card will function as a revolving credit facility, enabling borrowers to access funds up to the sanctioned limit, repay as per the terms, and reuse the available credit within the approved limit as needed.
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EMI Facility
Cardholders may convert a minimum billed amount of 2,500 from a Billing cycle into an EMI facility, provided the request is made before the payment due date. This facility will have a maximum interest rate of up to 1.5% per month and also include a prepayment option with no interest.
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Card Type
The card will be a retail credit card and not a merchant or business card.
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Reward Point
Reward points will be awarded in accordance with the Bank's policy.
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Joining/Annual Charges
This card is a lifetime free credit card. There will be no charges for enrolment/joining, activation, inactivity, or annual renewal-these fees will be set at NIL.
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Late Payment Fees
No penalty for due amount up to 500. The late payment charges will be applicable if any amount is more than 500 as per the Bank's policy.
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Billing Cycle
Billing of credit card will be generated on 1st of every succeeding month & payment will be due on 21st of succeeding month of transaction.
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Other Charges
Other charges such as for card replacement, issuance of duplicate cards, Hot listing, and similar services will be applicable as per the Bank's policy.
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