BOB Financial Solutions Ltd. (BFSL), a wholly-owned subsidiary of Bank of Baroda (BoB) and the Indian Navy have introduced a co-branded credit card for the personnel of the Indian Navy. The card will be equipped with contactless features and offered on the RuPay platform.
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- Indian Navy personnel up to the age of 64 would be eligible to choose from three variants of the card.
- While the base variant will be offered as a lifetime free credit card, the other two variants will be offered at joining and annual fees, with welcome gifts and easily achievable spend-based fee reversal/waiver.
- As an introductory offer, the joining fee will be waived off for applications in the first three months of launch. The top variant will offer unlimited complimentary domestic airport lounge access and reduced markup on international spends.