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Indian Overseas Bank Launches RuPay Select Debit Card

Published on July 05, 2023
Current Context: Indian Overseas Bank (IOB) has launched a new RuPay Select Debit Card for its high net-worth individual (HNI) customers.
Indian Overseas Bank Launches RuPay Select Debit Card
  • The card offers luxury, convenience and security benefits such as gym memberships, free health check up, complimentary golf lessons, spa services, and lounge access in selected domestic and international airports.
  • To be eligible for the card, one needs to have a savings bank account or a certificate of deposit (CD) with IOB, maintaining an average daily balance of  one lakh.
  • The card has a cash withdrawal limit of 50,000 and a daily limit for usage in merchant establishments (PoS) of five lakh.
  • The charges for the issuance of the card and annual maintenance fee are 800 plus GST, respectively.


Q.1 What is the name of the bank that launched the RuPay Select Debit Card?
a. Indian Bank
b. Indian Overseas Bank
c. State Bank of India
d. HDFC Bank
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