Indian Overseas Bank (IOB) Credit Card Eligibility Criteria & Required Documents

Indian Overseas Bank, the most influential and sought after bank in India was established in 1937. Ever since its beginning, the Indian Overseas Bank has focused itself to strengthen the financial development of India by digitalizing as much of the cash flow as possible.

This only happens with the Credit Card. It has been working over the years in order to make people less scared of applying for a Credit Card.

Do you want to know why to choose the Indian Overseas Bank Credit Card?

Before getting into the eligibility details of the Indian Overseas Bank Credit Card, here is an overview of the features of the same.

  • It is a globally accepted Credit card.
  • The Bank has added up to its safety feature by sending SMS on every purchase and usage.
  • The Indian Overseas Bank Card has a flexible credit period ranging between 20 to 50 days. This also depends on the fact whether or not you have paid off the earlier dues.
  • This program offers the lowest credit rates of 2% per month only.
  • One can withdraw cash using the credit card at the minimal concessional rate.
  • You can earn one point on every Rs. 100 purchases made in the credit card, whether it is online or offline.
  • Any member aged 18 years or above could get a supplementary card with their names.

The Three Credit Card offered by Indian Overseas Bank

1. The Indian Overseas bank Classic Credit Card

  • It has a limit of Rs 10,000 to Rs 50,000.
  • The card rewards one bonus point on every Rs. 50 purchase.
  • This Credit card no annual fees, which means it is free for life.
  • It includes two supplementary cards to family members who are aged above 18 years.

2. The Indian Overseas bank Gold Card

  • If you are fond of following the desired lifestyle, then enjoy it with the Indian Overseas Bank gold credit card.
  • The annual fee for this card is absolutely NIL.
  • The limit of The Gold Credit Card is Rs 60,000 to Rs 5,00,000.

Eligibility Criteria

Without wasting much time let us dig in and discover the eligibility criteria of the Indian Overseas Bank Credit Card.

  • The first criteria are that of the age, the applicant should be aged neither between 21 to 65 years, not less nor beyond that.
  • The income and consistent flow of income plays the major role in credit card application and the applicant’s eligibility.
  • The applicant should be earning an average amount of Rs. 50,000 per month; it can be a salaried employee, self-employed.

Documentation required

  • The Aadhaar Card which works as a- Address proof, Government issued ID proof and Date of Birth proof
  • The Salary slip or ITR receipt
  • The PAN card
  • The passport, in case you are a foreign national
  • A colored passport sized photograph

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