BOBCARD Indian Navy Varunah

Charge

• Cash Withdrawal Charges: 2.50% of withdrawn amount or ₹500 whichever is higher.
• Finance Charges: 3.75% per month i.e. 45% per annum (all other credit cards).
• Foreign Currency Transaction Fee: 3.5% of transaction amount.
• Minimum Amount Due: 5% of outstanding balance or ₹200 whichever is higher.
• Duplicate Bill: ₹25 per bill.
• Cheque Return charges: 2% of payment amount subject to min ₹500.
• Auto Debit/SI Bounce Fee: 2% of payment amount subject to min ₹500.
• Cash Payment Processing Fee: ₹250 per cash payment.
• Cheque Payment Processing Fee: ₹100 per cheque payment.
• GST: 18% on all fees, interest & other charges.
• Exceeding Credit Limit Charges: 2.5% of amount over sanctioned limit or ₹600 whichever is higher.
• Card Replacement Charges: ₹100 per card.
• Charge Slip Retrieval charges: ₹250 per charge slip.
• Limit Enhancement: No Fee.
• Late Payment Charges (slabs): <₹100 NIL.
• ₹100-500 ₹100.
• ₹501-1,000 ₹400.
• ₹1,001-10,000 ₹750.
• ₹10,001-25,000 ₹950.
• ₹25,001-50,000 ₹1100.
• >₹50,000 ₹1300.
• Processing Fee on Rent Payments (MCC 6513): 1% of transaction amount.
• Processing Fee on Wallet Loading (MCC 6539/6540/6541/6542): 1%.
• Processing Fee on Utility (MCC 4900): 1% (max ₹3000 per txn) where txn amount is ₹50,000 or higher.
• Processing Fee on Fuel (MCC 5172/5541/5542/5983): 1% per txn where txn amount is ₹10,000 or higher (not applicable to HPCL Energie).

Verified · BOBCARD MITC (Most Important Terms & Conditions) – covers all card variants including Varunah · 2026-08-03 · source

Interest-free period

20 to 50 Days in case there is no previous outstanding.

Verified · BOBCARD MITC (Most Important Terms & Conditions) – covers all card variants including Varunah · 2026-08-03 · source

Fuel surcharge waiver

• 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹5,000 (Max. ₹100 per statement cycle).
• Fuel spends eligible for surcharge waiver are not eligible for reward points.

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Milestone benefit

Smart EMI Options: Convert purchase of more than ₹2,500 on your card into Smart EMIs of 6 to 36 months.

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Redemption value

Reward points can be redeemed as cashback @ 1 reward point = ₹0.25.

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Reward cap

• 5X Rewards capped at 750 Reward Points on Departmental Store category per statement cycle.
• Further spends earn regular rate of 1 RP per ₹100.
• UPI transactions: maximum 500 Reward Points per statement cycle (core RP only, no bonus rewards).

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Reward exclusion

• Reward program is not applicable on select MCCs and Fuel.
• Fuel transactions will not earn reward points.
• UPI transactions are eligible only for core Reward Points and do not qualify for bonus rewards.

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Travel benefit

• Contactless Safe Payments: Card enabled with wireless chip technology for secure & faster payments in contactless mode.
• No PIN required for a single transaction of less than ₹5000, PIN required for transactions more than ₹5000.

Verified · harvested from product page · 2026-08-03 · source

Insurance

• Free Personal Accidental Death Cover (Air & Non-Air, includes Sea): ₹20 Lakhs.
• Available to primary cardholder only.
• Covers accidental death only (natural death not covered).

Verified · Indian Navy VARUNAH Plus & VARUNAH – Card Benefits/Features PDF · 2026-08-03 · source

Eligibility

• Designated Sailors & Officers of the Indian Navy & Indian Navy Veterans.
• Age: 18 to 70 years (Primary Cardholder).
• Free add-on cards for spouse, parents, siblings or kids above age 18 (up to 3 lifetime free).

Verified · Indian Navy Varunah product page · 2026-08-03 · source