Not available via the quiz
Restricted to eligible PM SVANidhi scheme beneficiaries who have repaid a qualifying government micro-loan.
PM SVANidhi BOBCARD
BOBCARD Limited
Restricted to a specific government micro-loan scheme — kept in the catalog for reference only.
Free
Joining fee
Free
Annual fee
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
No minimum income specified
No minimum CIBIL score required
Available only to street vendors who have taken and successfully repaid a loan under the PM SVANidhi government scheme; eligibility is scheme-based (loan repayment history), not income/CIBIL-based.
Key features
- Lifetime free
- Points redeemable as cashback at ₹0.20/point
- Smart EMI
- Digital card management via the BOBCARD app
- Restricted to street vendors who've repaid a qualifying PM SVANidhi micro-loan
Reward details
1 reward point per Rs 100 spent on eligible transactions
Redemption
Ratio: 1 point = Rs 0.20
Excluded from rewards: No cash withdrawal allowed from ATMs — card functions only for business purchases and digital payments
- Fuel surcharge waiver 1% (exact cap not specified).
- Starting credit limit of Rs 10,000, with potential increases based on repayment behavior and usage patterns — notably low relative to typical consumer credit cards, reflecting the card's financial-inclusion purpose.
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- 'A great initiative for the street vendors,' supporting digital payment adoption and credit-history building for a financially underserved segment. — CardInsider
Sources
- Aggregator — fees, eligibility, rewards, sentiment
- Official (blocked when last checked) — none — robots.txt/certificate error