Bank of Baroda (BoB) Unnati Credit Card

Bob Financial, in collaboration with CreditAI, presents the Bank of Baroda Unnati Credit Card designed specifically for farmers in the country. This card, offered without any lifetime fees, strives to address the credit needs of farmers with minimal charges. Boasting a respectable reward rate and essential features, the BoB Unnati Credit Card features an exceptionally low-interest rate, enabling farmers to access credit facilities with minimal extra costs. It is important to note that the card does not permit cash withdrawals, foreign transactions, or fuel purchases. Nevertheless, it effectively meets the specific needs of its intended audience – the farmers.

Key Highlights of Bank of Baroda (BoB) Unnati Credit Card

  1. Lifetime complimentary credit card designed exclusively for Indian farmers.
  2. Earn 1 Reward Point for every Rs. 100 spent.
  3. Redeem earned Reward Points for cashback benefits.
  4. Enjoy a reduced monthly interest rate of 1.5%.
  5. Avail a 1% fuel surcharge waiver on all fuel transactions.

Features and Benefits of BoB Unnati Credit Card

The Bank of Baroda (BoB) Unnati Credit Card offers several features and benefits:

  1. Earn 1 reward point for every Rs.100 spent with the credit card.
  2. Benefit from a low-interest rate of 1.5% per month.
  3. Maximum of 800 reward points can be obtained per statement cycle.
  4. Convert purchases exceeding Rs.2,500 into EMIs and choose repayment over 6 or 36 months.
  5. Enjoy interest-free credit for up to 50 days from the date of purchase.

BoB Unnati Credit Card Fees and Charges

Explore the fee structure for the BoB Unnati Credit Card and discover the financial advantages that come with it.

  1. The BoB Unnati Credit Card comes with a unique feature of being a lifetime free credit card, meaning there are no joining or annual fees associated with it.
  2. For this credit card, the interest rate is set at 1.5% per month or 18% per annum.
  3. Users of the Bank of Baroda Unnati Credit Card benefit from no forex markup charges or cash advance fees since the card does not permit cash withdrawals or foreign transactions.

Eligibility Criteria for BoB Unnati Credit Card

Here are essential criteria for applying for an BoB Unnati Credit Card:

  1. The individual seeking eligibility must have a background in farming.
  2. The applicant should be at least 18 years old.
  3. Indian residency is a prerequisite for the applicant.

Documents Required for BoB Unnati Credit Card

To apply for the Bank of Baroda Unnati Credit Card, you will typically need to provide the following documents:

1. Proof of Income:

  • Provide the most recent audited income tax returns.
  • Include salary slips as evidence of your earnings.
  • Submit bank statements reflecting your financial transactions.

2. Proof of Address:

  • Furnish documents such as Aadhaar card, PAN card, and utility bills.
  • Ensure that the provided documents clearly display your current address.

3. Proof of Identity:

  • Submit a valid passport as a recognized form of identification.
  • Include Aadhaar card and PAN card for additional identity verification.

How To Apply for BoB Unnati Credit Card?

Follow these steps to apply for the Bank of Baroda (BoB) Unnati Credit Card:

1. Eligibility for Bank of Baroda Unnati Credit Card:

  • Apply online or offline based on your convenience.

2. Online Application Process:

  • Visit BoB Financial’s official website.
  • Locate the BoB Unnati Credit Card and select ‘Apply Now.’
  • Fill in all required details attentively.
  • Review your form before submission.

3. Offline Application Process:

  • Visit the nearest Bank of Baroda branch.
  • Carry necessary documents.
  • Fill out the physical application form at the branch.

4. Approval and Notification:

  • Await approval after submission.
  • Upon approval, receive a notification.
  • The Unnati Credit Card will be dispatched to your registered address.

Frequently Asked Questions (FAQs) –

1. Who is eligible for the Bank of Baroda Unnati Credit Card?

  • Individuals meeting specified criteria, as determined by Bank of Baroda, are eligible. Common eligibility factors include income, credit score, and other financial considerations.

2. How can I apply for the BoB Unnati Credit Card online?

  • Visit the official website of BoB Financial.
  • Locate the BoB Unnati Credit Card section and click on ‘Apply Now.’
  • Fill in the required details carefully and submit the form after review.

3. What is the offline application process for the BoB Unnati Credit Card?

  • Visit the nearest Bank of Baroda branch.
  • Carry necessary documents.
  • Fill out the physical application form available at the branch.

4. What documents are required for the BoB Unnati Credit Card application?

  • Commonly required documents include proof of identity, address, income, and passport-sized photographs. Specific documents may vary, and it’s advisable to check with the bank or on the official website for the latest requirements.

5. How long does it take to get approval for the BoB Unnati Credit Card?

  • The approval process duration can vary. Upon submission, wait for communication from the bank. It’s recommended to check the status through the provided channels.

6. What happens after the BoB Unnati Credit Card application is approved?

  • Upon approval, you will be notified by the bank.
  • The BoB Unnati Credit Card will be dispatched to your registered address.

7. How can I track the status of my BoB Unnati Credit Card application?

  • Utilize the tracking facility provided on the official website or contact the customer service helpline for assistance.

8. What are the features and benefits of the Bank of Baroda Unnati Credit Card?

  • Features and benefits may include cashback offers, rewards programs, travel benefits, and more.
  • Refer to the official documentation or contact customer service for detailed information.

9. Is there an annual fee associated with the Bank of Baroda Unnati Credit Card?

  • Check the terms and conditions for the most accurate and current information regarding fees and charges.
  • Some credit cards may have annual fees, while others may be offered with no annual fees.

10. What should I do if my Bank of Baroda Unnati Credit Card is lost or stolen?

  • Immediately report the loss to BoB credit card customer care helpline number.
  • They will guide you through the process of blocking the card and issuing a replacement.