Bank of India is a state owned commercial bank and it was established on 7 September 1906 and their headquarters in Mumbai. This bank provides a wide range of banking and financial services to the customers.
Bank of India - India Card is accepted at over 2, 50,000 merchants across India. This credit card can also be used to withdraw cash from over 9, 000 ATMs. A truly Indian credit card created exclusively for the Indians, Bank of India - India Credit card will open up a new world full of benefits and privileges. This credit card is crafted for the modern Indians who want to stay in control of their finances, this credit card offers a wide range of benefits that will take banking to the next level. Bank of India - India Cardholders do not have to pay the annual charges if a minimum of Rs. 20,000 is spent using the card the previous year.
1. Bank of India India Card is a Classic Card with loads of benefits
2. The bank does not charge registration fee for this card
3. The billing cycle of this card is from 16th of the current month to the 15th of next month
4. The payment for this card is to be made on or before 5th of the succeeding month
5. The card is available free of charge to the applicants
6. The card also functions as an ATM card and can be used at over 9000 ATMs
7. The bank provides an interest free credit for up to 51 days
8. The bank provides flexible credit limits for add-on cards
9. Reward points to be earned on card usage.
10. Revolving credit at preferential rate.
11. Wide acceptance at over 2,50,000 merchants.
12. The India Card from BOI is a classic card valid only in India and Nepal only.
13. Pin enabled photo card making it safe and secure for any kind of transaction.
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Insurance Premium Discount |
The policy value can be up to Rs. 5 lakhs and this facility is offered exclusively for the cardholders in partnership with National Insurance Co. Ltd. |
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Revolving Credit Facility |
This facility enables the cardholder to pay just 10% of the bill before the due date. He will be charged an interest of 1.7% per month on the remaining 90% of outstanding balance. If the entire amount is overdue, the customer will be charged an interest of 2.5% per month. |
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Reward Point |
For every purchase that you make, earn exciting reward points. These points can be converted to cash and you can redeem them anytime to spend according to your wish. |
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Interest free credit |
Cardholders can avail an interest free credit period for up to 51 days. Now you do not have to think twice before making costly purchases with your credit card. |
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Balance Transfer Facility |
The minimum amount required to avail the balance transfer facility is Rs.10,000 for other bank cards and Rs.5,000 for India card. |
To apply for a India credit card, you have to pay fees and charges applied by the Bank of India. It covers all charges and fees made by a bank to their customers.The following charges are taken from the Bank of India i.e joining fee, annual fee, interest rate, late payments charges etc.
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TYPE |
CHARGES |
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Joining Fee |
NIL |
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Annual Fee |
Waived if the minimum transaction of Rs.20,000/- during the previous year. |
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Minimum Expenses to Waive Annual Fees |
Rs 20,000 |
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Add On Card Fee |
NA. (Presently add-on cards are allowed to the immediate relatives of primary cardholder) |
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Credit Limit |
20 percent of annual income minimum limit: Rs.15,000/- maximum Rs.50,000/- |
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Free Credit Period |
Maximum of up to 51 days |
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Over Limit Charges |
Rs. 100 for each transaction |
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Penalty Interest Rate |
1.70 percent per month |
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Cash Advance Transaction Fee |
2.5% on cash advance amount |
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Return of Cheque Fee |
Minimum of Rs 100 |
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Cheque Bounce Fee |
Minimum of Rs 100 |
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Charge Slip Request |
Rs. 100 or actual whichever higher |
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Air/Railway Booking - Transaction Charges |
Actual charges as prescribed by the Indian Railways or acquirer bank. |
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Duplicate Statement Request Charges |
Rs 50 |
Before applying for a India credit card from Bank of India, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your credit card very soon if you meet all the required eligibility criteria once the documentation is done.
1. Bank of India - India Credit Card is issued to an individual of Indian origin.
2. The applicant must have a gross annual income of Rs.0.75 lakhs and above.
3. Individuals of foreign origin (currently residing in India for the purpose of employment) and non-resident Indians can also apply for Bank of India - India Credit Card.
4. The applicant must have a stable income which will be verified from the income tax return statements and salary slips.
5. The applicant must have a good CIBIL score and must not have defaulted on any payment of dues related to Bank of India or any other bank.
Any applicant who is applying for a India credit card from Bank of India must have to submit the following documents. These documents are the requirements for the lenders who are providing you the credit card.
1. KYC Documents = PAN, address proof and ID proof
2. Coloured photograph
3. Income Proof = Last 3 month salary slip
4. Last 3 months bank statement
5. ITR or Form 16
Bank of India Credit Card Login
Cardholders of Bank of India Credit Card can log in to their credit card account through following steps :
1. First of all, go to the official website of Bank of India
2. On this website, an option “Internet Banking” will be found on your right side, Click on it.
3. After that, two more options will come – “Personal” or “Corporate,” Click on any net banking option which you have already registered.
4. Now you will see a pop-up window in which some things related to security will be written. Click on the “OK” button or wait for some time, it will be automatically removed, and you will go to the next step.
5. Now you will reach the BOI Net Banking website. On the top left corner, you can see the option “Retail Login.” Fill User ID and Password in the given boxes.
6. After entering the ID & password, click on the “Submit” option.
7. After clicking on the Submit option, you will be reached into your account.
1. Bank of India Personal Loan
4. Bank of India Education Loan
There are two reason to apply for India Credit Card Bank of India :
1. Offline Method : By visiting the nearest branch of Bank of India
2. Online Method
Visit the website of the bank you wish to apply for the India Credit Card scheme.
From the list of options, choose the India Credit Card.
On clicking the option of ‘Apply’, the website will redirect you to the application page.
Fill the form with the required details and click on ‘Submit’.
On doing so, an application reference number will be sent.
If you are eligible, the bank will get back to you for the further process within 3-4 working days.
India Credit Card Bank of India Customer Care
Contact number : 18001031906
Email id : boi.callcenter@bankofindia.co.in
Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions.
1. Login to your Bank of India net banking account
2. Go to 'Credit Cards'
3. Find the option to make 'Credit Card Bill Payment'
4. Choose between 'Total Amount Due' and 'Minimum Amount Due'
5. Click on 'Pay' to process the payment
Bank offered Financials products
A truly Indian credit card created exclusively for the Indians, Bank of India - India Credit card will open up a new world full of benefits and privileges. This credit card is crafted for the modern Indians who want to stay in control of their finances, this credit card offers a wide range of benefits that will take banking to the next level.
You can apply for an India Credit Card Bank of India for online and offline by visiting the nearest bank branch.
You can contact through customer care toll free number and also through e-mail id for an India Credit Card Bank of India.
The customer care number of India Credit Card Bank of india is 18001031906.
The Email id of India Credit Card Bank of India is boi.callcenter@bankofindia.co.in.
The annual fee of an India Credit Card Bank of India is Rs.20000.
No, Bank of India - India Card is intended for use only in India, Bhutan and Nepal.
You can choose to pay back the billing in instalments spread over a maximum of 36 instalments.
Last Updated on : 03/Oct/2020Know More About CREDIT CARDS
You're eligible for a India Credit Card Bank Of India if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Credit Cards is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account