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Indian Overseas Bank credit cards: 7 you can apply for

The best one for most people is Indian Overseas Bank RuPay Select.

₹2,300a year after fees, at ₹75,000 a month

Indian Overseas Bank RuPay Select

₹2,300 a year, after fees

₹0 joining + ₹500/yr · Lounges in India and abroad · 2.5% forex markup · Reward rate 0.3%

Keep

It pays back the most of the 3 Indian Overseas Bank cards open to apply that we can value.

Rank all 7 at your own spend in the card finder

Verified 5 sources

Points and where they go

Indian Overseas Bank's main points currency is IOB Reward Points, worth ₹0.25 a point; it does not transfer to an airline or hotel. Its cards earn 2 kinds of points in all.

What Indian Overseas Bank cards earn
ProgrammeWorth a pointCardsPartners
IOB Reward Points₹0.253none
SalarySe SCoins₹0.201none

2 more cards pay cash back. Values are what we think a point is worth in India.

Recent changes

We have no dated change to any Indian Overseas Bank card on record.

All 12 Indian Overseas Bank cards

Fees run ₹0 to ₹750, and 6 of them are genuinely free for life; 1 charges nothing a year but a joining fee to get in. We cannot value 6 of them: Indian Overseas Bank publishes no fee or no earn table for those cards, so they are listed as "Not valued". Each card shows what it pays back a year after its fee at ₹75,000 a month, and our verdict: 9 keep, 3 downgrade, 0 cancel.

Open to apply 7

  1. Indian Overseas Bank RuPay Select

    ₹2,300 a year, after fees

    ₹0 joining + ₹500/yr · Lounges in India and abroad · 2.5% forex markup · Reward rate 0.3%

    Keep

  2. Indian Overseas Bank RuPay Platinum

    ₹2,300 a year, after fees

    ₹0 joining + ₹250/yr · Lounges in India and abroad · 2.5% forex markup · Reward rate 0.3%

    Keep

  5. IOB VISA Platinum Credit Card

    Not valued fee or rewards not published

    ₹250 fee · 2.5% forex markup

    Keep

  6. IOB novio Select Credit Card

    Not valued fee or rewards not published

    ₹0 fee · Lounges in India and abroad · 2.49% forex markup

    Keep

  7. IOB novio Platinum Credit Card

    Not valued fee or rewards not published

    ₹0 fee · Lounges in India and abroad · 2.49% forex markup

    Keep

Invite only 1

Not confirmed on sale 2 cards

  1. IOB SalarySe Rise UP

    ₹3,600 a year, after fees

    ₹299 joining · 2% forex markup · Reward rate 0.4%–2%

    Ranked higher: its bonus category adds ₹2,700 a year

    Keep

  2. IOB ZET Card

    Not valued fee or rewards not published

    ₹0 fee · 2.49% forex markup

    Keep

Closed or paused 2 cards

  1. IOB Gold Credit Card

    ₹1,800 a year, after fees

    ₹0 fee · 2.5% forex markup · Reward rate 0.2%

    Downgrade Closed

  2. IOB Classic Credit Card

    ₹1,800 a year, after fees

    ₹0 fee · 2.5% forex markup · Reward rate 0.2%

    Downgrade Closed

Filter Indian Overseas Bank cards by fee, lounges or forex

Indian Overseas Bank in RBI's figures

Cards in force
1,98,585
0.2% of India's cards
Spent in August 2026
₹195 crore
18% of it online
Spend per card
₹9,806
a month, on average

Source: the Reserve Bank of India's monthly card statistics, August 2026. Every bank's figures

Sources

The Indian Overseas Bank documents that state its fees and charges, and RBI's release. Each card's page lists its own sources too.

  1. Official IOB Most Important Terms and Conditions — forex 2.50%, interest 2.50%/month (30% a year), late payment ₹100, over-limit ₹100 read
  2. Official Indian Overseas Bank MITC and Key Fact Statement for the IOB novio card: both variants' fees, charges and lounge table read
  3. Official IOB's Most Important Terms and Conditions for the SalarySe Rise UP card — the two-variant fee table, the 2% forex markup and the full Scoins earning structure read
  4. Official IOB's Most Important Terms and Conditions for the ZET Card — the nil joining and annual fees, the 2.49% forex markup and the fixed-deposit liquidation clause read
  5. Official Reserve Bank of India: ATM, Acceptance Infrastructure and Card Statistics for the Month of August 2026 read