Bank of BarodaPM SVANidhi BOBCARD
Verified Official Data • Last updated 2026-09-15
Net Value Calculator
Drag sliders to estimate this card's annual value based on your actual spending habits.
Your Monthly Spend
₹50,000/moE-Commerce & Online
Daily Essentials
Most cards earn ₹0 rewards on fuel (surcharge waiver only).
Frequently excluded from rewards in India.
Lifestyle, Bills & Other
Almost always earns ₹0 and may carry a fee.
Often excluded or capped.
Savings & Milestones Tracker
0.18%
Value Yield (Net / Spent)
₹1,104
Annual Net Value
How Your Spends Convert to Rewards
Live calculation breakdown for PM SVANidhi BOBCARD
| Spend Category | Monthly Spend | Reward Rate | Points Earned | Monthly Value | Annual Value | Status / Caps |
|---|---|---|---|---|---|---|
Fuel | ₹4,000/mo | 0 Pts / ₹100 | 0 pts0 pts/yr | ₹0 | ₹0/yr | Excluded |
Other Online Shopping | ₹6,000/mo | 1 Pts / ₹100 | 60 pts720 pts/yr | ₹12 | ₹144/yr | Active Earn |
Amazon Spends | ₹3,500/mo | 1 Pts / ₹100 | 35 pts420 pts/yr | ₹7 | ₹84/yr | Active Earn |
Flipkart Spends | ₹2,000/mo | 1 Pts / ₹100 | 20 pts240 pts/yr | ₹4 | ₹48/yr | Active Earn |
Dining & Food Delivery | ₹5,000/mo | 1 Pts / ₹100 | 50 pts600 pts/yr | ₹10 | ₹120/yr | Active Earn |
Groceries | ₹7,000/mo | 1 Pts / ₹100 | 70 pts840 pts/yr | ₹14 | ₹168/yr | Active Earn |
Utilities & Bills | ₹4,000/mo | 1 Pts / ₹100 | 40 pts480 pts/yr | ₹8 | ₹96/yr | Active Earn |
Travel (Flights/Hotels) | ₹4,000/mo | 1 Pts / ₹100 | 40 pts480 pts/yr | ₹8 | ₹96/yr | Active Earn |
Rent | ₹10,000/mo | 1 Pts / ₹100 | 100 pts1,200 pts/yr | ₹20 | ₹240/yr | Active Earn |
Insurance | ₹1,500/mo | 1 Pts / ₹100 | 15 pts180 pts/yr | ₹3 | ₹36/yr | Active Earn |
Other / Offline | ₹3,000/mo | 1 Pts / ₹100 | 30 pts360 pts/yr | ₹6 | ₹72/yr | Active Earn |
All ₹ values exclude GST. Perks like lounge access are shown separately and not added into net value. Rewards use your selected redemption mode (cashback / statement credit).
Is PM SVANidhi BOBCARD actually your best option?
Run the same spend against all 457 cards and see where this one ranks.
Key Specifications
₹0
₹0
None
N/A
Rewards Structure
Earn rates and reward configurations verified for 2026.
Applies to all non-excluded offline/misc categories
Reward Points are not applicable on select Merchant Category Codes (MCCs) and on Fuel transactions (official terms)
Lounge Access
Additional Perks
Redemption & Expiry
Eligibility Requirements
Exclusion Honesty: This data has been verified against official bank publications. We include exclusions and point valuation friction factors to render honest net metrics in our calculations.
Official Specification Sheet
Comprehensive rules, fees, and parameters verified directly against issuer details.
| Feature | PM SVANidhi BOBCARDBank of Baroda |
|---|---|
| Joining fee | Nil |
| Annual fee | Lifetime free |
| Fee waiver | — |
| Base reward | 1 pts / ₹100 |
| Top reward categories | Base rate only |
| Redemption friction | Easy |
| Point expiry | Never expire |
| Lounge access | None |
| Forex markup | Not applicable |
| Fuel surcharge | None |
| Min income · salaried | Not stated |
| Min income · self-employed | Not stated |
| Eligibility (as stated) | No income criterion; must be a street vendor registered under the PM SVANidhi Scheme who has repaid 1st & 2nd tranche PM SVANidhi loans |
| Recent devaluations | None recorded |
| Verified against | Updated 2026-09-15Official Bank of Baroda Credit Card Page |
Detailed PM SVANidhi BOBCARD Credit Card Review & Spends Guide (2026)
The PM SVANidhi BOBCARD by Bank of Baroda is a prominent credit card in the Indian market, categorized under the entry tier. Offering a base rewards engine of 1 reward points per ₹100, this card targets users looking to optimize their personal finances.
When evaluating the real-world value of the PM SVANidhi BOBCARD, it's essential to look beyond the joining fee of ₹0 and annual fee of ₹0. With our real-time calculator above, you can map out your monthly category spends (online shopping, dining, travel, utilities, groceries, etc.) to see if you can trigger the spend-based annual fee waiver of N/A, which determines your true Net Annual Value (NTV).
Rewards Potential & Category Multipliers
For accelerated spenders, the PM SVANidhi BOBCARD features key reward multipliers:
- Exclusions: No rewards are earned on fuel categories.
Lounge Access & Extra Perks
Perks add immense value that calculations often leave out. The PM SVANidhi BOBCARD offers:
- Domestic Lounges: No domestic lounge visits available.
- International Lounges: No international lounge visits available.
Points Redemption and Point Expiry
Earning points is only half the battle. Redemptions are subject to a friction index of 2/5 (representing Instant digital redemption (2/5 friction)). Note: 1 Reward Point = ₹0.20 cashback (only redemption mode offered). Points are valid for a lifetime (no expiry).
Who the PM SVANidhi BOBCARD benefits the most
Derived from this card's actual earn rates, caps and perks — not a generic profile.
- People who want one flat, no-thinking rate: every eligible spend earns 1 point per ₹100 (about 0.20% in value at the best redemption), with no category tracking to do.
- Anyone who refuses to pay for a card. With a ₹0 annual fee and ₹0 joining fee, there is no break-even to chase — every rupee of reward is profit.
- People who never get around to redeeming. Redemption friction here is 2/5, so rewards convert with little effort instead of rotting in a points balance.
Who should avoid the PM SVANidhi BOBCARD
The cases where this card quietly costs more than it pays back.
- Anyone whose spending is heavy on fuel. These categories earn absolutely nothing on this card — not a reduced rate, zero. Reward Points are not applicable on select Merchant Category Codes (MCCs) and on Fuel transactions (official terms)
- Frequent flyers looking for airport comfort. This card carries no complimentary lounge access.
- Anyone reading the headline points rate literally. Each point is worth only ₹0.2, so "1 point per ₹100" is really about 0.20% back in value.
- Anyone who revolves a balance. Credit card interest in India typically runs 36–45% a year plus 18% GST on the interest — that erases every reward this card can pay, on any spending pattern.
Hidden charges and fine print on the PM SVANidhi BOBCARD
The costs that sit below the marketing page, verified against Bank of Baroda disclosures dated 2026-09-15.
Spends that earn zero
fuel earn no rewards at all. Reward Points are not applicable on select Merchant Category Codes (MCCs) and on Fuel transactions (official terms) These excluded spends also frequently fail to count toward fee-waiver and milestone targets, so check the MITC before routing large payments here to "hit the target".
Redemption fine print
1 Reward Point = ₹0.20 cashback (only redemption mode offered) Redemption fees and minimum-balance thresholds are the most commonly missed cost on Indian cards — factor them in before comparing headline earn rates.
No fuel surcharge waiver
This card carries no fuel surcharge waiver in the published terms, so the usual ~1% surcharge levied by petrol pumps stays on your bill — and fuel earns no rewards here either.
Charges every Indian card carries
Cash withdrawal fees (typically 2.5% of the amount, minimum ₹500) with interest from day one and no interest-free period, late payment fees graded by outstanding balance, over-limit charges, EMI conversion processing fees and interest, rent-payment and wallet-load fees, and payment-return charges. These are listed in the bank's MITC document, not in the marketing page — read it once before you apply.
Tax implications of the PM SVANidhi BOBCARD
Indian tax treatment of the fees, rewards and foreign spends on this specific card.
GST on fees and charges. This card has no joining or annual fee, so there is no GST on fees to pay. GST at 18% still applies to any interest, late payment fee, cash advance fee, EMI processing fee and the forex markup you incur.
Are the reward points taxable? Points or cashback earned in proportion to your own spending are treated as a post-purchase discount rather than income, so a salaried individual does not pay tax on them. The same applies to the points here, valued at ₹0.2 per point on redemption. Two exceptions matter: benefits received from a business relationship (not from your own spending) can attract TDS at 10% under section 194R where the value exceeds ₹20,000 in a year, and a gift or voucher received from the bank with no link to your spending can be taxable under section 56(2)(x) if total gifts from non-relatives cross ₹50,000 in a year.
Is the annual fee deductible? There is no annual fee on this card, so the question does not arise. Any GST-bearing charges you do incur follow the same rule below.
Foreign spends, TCS and the LRS. This is a domestic card with no published forex markup, so there is no GST on markup to pay. TCS under the Liberalised Remittance Scheme runs at 20% above ₹10 lakh of remittances in a financial year; international credit card spends have so far been kept outside the LRS pending notification, so no TCS is deducted at the till today. Where TCS is collected on any remittance, it is not a sunk cost — it is creditable against your tax liability and refundable through your ITR.
Spends the tax department can see. Aggregate credit card payments of ₹10 lakh or more in a financial year (₹1 lakh or more if paid in cash) are reported by Bank of Baroda in the Statement of Financial Transactions and show up in your AIS. That is not a tax by itself, but the spending should be consistent with the income you declare.
Eligibility and documents for the PM SVANidhi BOBCARD
Bank of Baroda's stated criteria, verified 2026-09-15.
Eligibility
- Income: No income criterion; must be a street vendor registered under the PM SVANidhi Scheme who has repaid 1st & 2nd tranche PM SVANidhi loans (as stated by Bank of Baroda).
- Age: typically 21 to 60 for salaried applicants and up to 65 for self-employed; add-on cards from 18.
- Credit score: a CIBIL score of 750+ materially improves approval odds on any card, including this one.
- Residency: resident Indian with a verifiable address in a city Bank of Baroda services.
Documents required
- Identity: PAN card (mandatory) plus Aadhaar, passport, voter ID or driving licence.
- Address: Aadhaar, passport, utility bill or registered rent agreement.
- Income (salaried): last 3 months' salary slips and 3–6 months' bank statements showing salary credit; Form 16 for the latest year.
- Income (self-employed): latest 1–2 years' ITR with computation, audited financials where applicable, and 6 months' current account statements.
- Photograph: one recent passport-size photo (often skipped in a full digital journey).
- Existing Bank of Baroda customers with a salary or pre-approved relationship usually skip the income documents entirely.
Nomination note: a credit card has no nominee — nomination applies to deposits and investments. What matters here is that your family knows the card exists and knows the outstanding, so it can be settled from the estate promptly instead of accruing interest and late fees after the fact.
How to apply for the PM SVANidhi BOBCARD
- Check for a pre-approved offer first. Log in to Bank of Baroda net banking or the mobile app. A pre-approved journey skips income documents and, more importantly, avoids a hard enquiry on your credit report if you are declined.
- Confirm the current fee and rates on the official page before applying — banks revise these without much notice.
- Apply online with PAN, Aadhaar and employment details, or walk into a Bank of Baroda branch if your income profile needs manual assessment.
- Complete KYC. Most issuers now offer video KYC that finishes in minutes; physical verification adds a few days.
- Confirm the credit limit before activating. The limit determines how much of your spending you can actually route here, which is what the reward maths above assumes.
- Set a full-payment auto-debit on the due date the day the card arrives. Interest of 36–45% a year plus GST is the single fastest way to turn this card into a loss.
PM SVANidhi BOBCARD — frequently asked questions
Answers use this card's own numbers, verified 2026-09-15.
What is the annual fee for the PM SVANidhi BOBCARD, and can it be waived?
The PM SVANidhi BOBCARD has no annual fee and no joining fee. There is nothing to waive and no break-even spend to worry about.
How much do you actually earn on the PM SVANidhi BOBCARD?
The base rate is 1 point per ₹100, and each point is worth ₹0.2 at the best redemption — roughly 0.20% in value. There are no accelerated categories — the rate is flat across eligible spends.
Which spends earn no rewards on the PM SVANidhi BOBCARD?
fuel earn zero. Reward Points are not applicable on select Merchant Category Codes (MCCs) and on Fuel transactions (official terms) If those categories are a big share of your monthly outgo, your effective return will be well below the advertised rate.
Does the PM SVANidhi BOBCARD offer airport lounge access?
No. This card carries no complimentary lounge visits. If lounge access matters to you, look at a card that states a visit count in writing.
What does the PM SVANidhi BOBCARD charge on foreign currency spends?
This is a domestic card — it is not issued for foreign currency spends, so no forex markup is published for it. Check with the issuer before attempting an international or foreign-currency online transaction.
Do reward points on the PM SVANidhi BOBCARD expire?
No — points on this card do not carry a stated expiry. That does not protect you from devaluation, only from lapse.
What income do you need for the PM SVANidhi BOBCARD?
Bank of Baroda states: No income criterion; must be a street vendor registered under the PM SVANidhi Scheme who has repaid 1st & 2nd tranche PM SVANidhi loans. Banks treat this as a floor, not a guarantee — your credit score, existing card limits and internal risk scoring decide the outcome.
Is the PM SVANidhi BOBCARD annual fee tax-deductible, and are reward points taxable?
For a salaried cardholder the fee is a personal expense and is not deductible. If the card is used genuinely for business or professional spends, the fee and GST can be claimed as a business expense (and the GST as input credit where the card is billed to a GST-registered entity). Reward points earned in proportion to your own spending are generally treated as a post-purchase discount, not income, so they are not taxed in your hands.
Is TCS applicable on PM SVANidhi BOBCARD spends abroad?
Tax Collected at Source under the Liberalised Remittance Scheme applies at 20% above the ₹10 lakh annual threshold for remittances and forex card loads. International spends on Indian credit cards have so far been kept outside the LRS pending notification, so no TCS is deducted at the point of sale today. This has been changed and deferred more than once — confirm the current position with Bank of Baroda before a large overseas spend. Any TCS actually collected is not a cost: it is creditable against your income tax liability and refundable when you file your ITR.
What happens to the PM SVANidhi BOBCARD account after the cardholder's death?
A credit card is an unsecured personal liability and cannot be inherited or transferred — the card must be surrendered and closed. Inform Bank of Baroda in writing with the death certificate; the outstanding balance becomes payable from the deceased's estate, and the legal heirs are liable only to the extent of the assets they inherit, not personally. Any add-on cards stop working immediately. Unredeemed reward points are normally forfeited on closure, so a family member holding a large balance should redeem while the account is active. Nomination applies to deposits and investments, not to credit cards — but if there is a fixed deposit backing a secured card, the nomination on that FD governs its release.
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