PMC Bank RuPay Select
CancelPMC's top card charged more to hold and more to borrow — and rewarded fifty per cent harder for it.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: Not published — neither PMC's card pages nor its schedule of charges states a welcome or first-transaction bonus
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Punjab & Maharashtra Co-operative Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #878
Why #878 The top rung of PMC Bank's four-card programme and the one that shows what the bank was aiming at: a higher fee, a higher waiver bar and a richer reward table than the Platinum — and, oddly, a WORSE interest rate. Carried as history, because the bank was amalgamated into Unity Small Finance Bank in January 2022, and carried unvalued because this desk models no PMC reward-point currency.
The take
The Select sat above the Platinum in PMC Bank's line-up and the trade it offered was unusual enough to be worth recording. Same nil joining fee, same two free years, but ₹750 a year from the fourth year instead of ₹500, and a waiver bar of ₹2,00,000 of previous-year spend instead of ₹1,00,000 — roughly ₹16,700 a month, which for a co-operative bank's member base was a real bar rather than a formality. In exchange the reward table paid materially harder: PMC's reward page set the Select's accrual half as much spend for the same points as the Platinum's, though it also raised the minimum accumulation before anything could be redeemed. Here is the odd part. Almost every issuer in the world prices its premium tier cheaper on interest; PMC priced it dearer. Retail purchases on the Platinum ran at 1% a month, an APR of 12%. On the Select they ran at 1.5% a month, an APR of 18%. A Select holder who revolved paid half again as much as a Platinum holder for the privilege of the better reward table — so this card only made sense for someone who cleared the bill in full and spent enough to clear the waiver bar. Everything else matched the rest of the programme: up to 50 days interest-free, a 12th-of-the-month billing cycle, cash at 40% of the limit and 1% a month from day one, 3.50% on foreign currency, and no lounge access of any kind. The card ended with its issuer. PMC went under RBI directions in September 2019 and was amalgamated into Unity Small Finance Bank on 25 January 2022.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Punjab & Maharashtra Co-operative Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Nothing to join, and nothing to hold for the first two years
- PMC's reward table paid the Select half again harder than the Platinum on the same spend
- Up to 50 days interest-free when the previous month's bill is cleared in full
- Up to three add-on cards for family, free to issue and free to hold
- No conversion or preclosure penalty on the fee side beyond the flat charges the schedule names
Watch out
- PMC BANK NO LONGER EXISTS. It went under RBI directions in September 2019 and was amalgamated into Unity Small Finance Bank on 25 January 2022; this card is carried as a record, not as something a reader can hold
- THE PREMIUM TIER BORROWED DEARER, NOT CHEAPER: retail interest of 1.5% a month against the Platinum's 1%, an APR of 18% against 12%
- ₹750 a year from the fourth year, and the waiver needed ₹2,00,000 of previous-year spend — double the Platinum's bar
- This desk does not model PMC's reward-point currency, so the card's earn cannot be valued, ranked or compared, and it is not in the calculator
- No lounge access — PMC's card pages, FAQs and fee table name no lounge, no network and no operator
- 3.50% on foreign currency, which is the Indian norm and not a discount on it
- The published fee table skipped the third year entirely — first year free, second year free, fourth year onward ₹750 — and PMC never printed what the third year cost
What these points actually fly
Punjab & Maharashtra Co-operative Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹2,00,000 a year is the bar that waives the ₹750 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Punjab & Maharashtra Co-operative Bank states what the PMC Bank RuPay Select earns, but has not published which spend categories count toward the fee waiver — the ₹2,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
Punjab & Maharashtra Co-operative Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Punjab & Maharashtra Co-operative Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
6 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
THE ISSUER NO LONGER EXISTS — amalgamated into Unity Small Finance Bank on 25 January 2022. Unsecured Select column: joining fee NIL, free in years one and two, ₹750 from the fourth year, waived on ₹2,00,000 of previous-year spend. THE PREMIUM TIER BORROWED DEARER, NOT CHEAPER: retail interest 1.5%/mo (APR 18%) against the Platinum's 1%/mo (APR 12%) in the adjacent column of the same table — and it is not a tier rule, because the SECURED table spans one 1.00%/mo interest row across both of its columns. Interest-free up to 50 days; billing on the 12th; cash limit 40% of the credit limit. No lounge clause anywhere, and a RuPay Select TIER is not a quota. The reward table is published but this desk models no PMC point currency, so the earn triple is null.
per the official Punjab & Maharashtra Co-operative Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Punjab & Maharashtra Co-operative Bank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 4 of them, each with the day we read it
- official PMC Bank's schedule of charges for its RuPay credit cards, effective 13 July 2019 — the nil joining line, the ₹750 annual fee and its ₹2,00,000 waiver, and the 18% retail APR
- official PMC Bank's reward-programme page (archived 01-Sep-2019) — the Select's richer accrual, its higher accumulation minimum, and the email-only redemption route
- official PMC Bank's credit-card home page (archived 01-Oct-2017) — the Platinum and Select line-up, and the bank's own claim to be the first multi-state scheduled bank issuing a RuPay credit card
- official Reserve Bank of India on the amalgamation of PMC Bank into Unity Small Finance Bank, effective 25 January 2022 — the event that closed this card