Bank of Baroda ICG RAKSHAMAH Credit Card

The Bank of Baroda ICG RAKSHAMAH Credit Card is the perfect choice for Indian Coast Guard personnel and veterans seeking a premium, lifetime-free credit card designed exclusively to honour their service to the nation. As a co-branded offering from BOBCARD Limited (a wholly-owned subsidiary of Bank of Baroda) in partnership with the Indian Coast Guard, this card delivers exceptional value through accelerated rewards on grocery and departmental store purchases, complimentary domestic airport lounge access, substantial accidental death insurance coverage, fuel surcharge waivers, and exclusive privileges—all without charging a single rupee in joining or annual fees. Whether you're shopping for daily essentials, travelling across the country, or making routine purchases, the RAKSHAMAH card transforms everyday spending into meaningful rewards whilst providing the financial security and premium benefits befitting those who protect India's maritime borders. With up to 2.5% value-back on groceries, ₹20 Lakh insurance cover, 8 annual lounge visits, Amazon Prime membership opportunities, and Smart EMI options, this card represents a token of gratitude from Bank of Baroda to Indian Coast Guard heroes and their families. 

Overview 

Exclusive for Coast Guard Personnel: The RAKSHAMAH Credit Card (meaning "protector" in Sanskrit) is exclusively available to serving and retired Indian Coast Guard personnel, recognising their invaluable service in safeguarding India's vast coastline and maritime interests. This specialised card is part of BOB's commitment to supporting India's defence and paramilitary forces. 

Lifetime Free Advantage: Unlike most premium credit cards charging annual fees ranging from ₹500 to ₹10,000+, the RAKSHAMAH card is completely lifetime free with zero joining fee and zero annual/renewal fees from the first year through perpetuity. This makes premium banking benefits accessible without recurring costs. 

RuPay Network Powered: Built on the indigenous RuPay payment network, India's own card payment system, the RAKSHAMAH card supports domestic transactions seamlessly whilst contributing to the nation's financial ecosystem self-reliance. 

Accelerated Grocery & Departmental Store Rewards: Earn an exceptional 10 Reward Points for every ₹100 spent on purchases at grocery stores and departmental stores. With each Reward Point valued at ₹0.25, this translates to 2.5% value-back on essential household shopping. Maximum 1,000 Reward Points can be earned at this accelerated rate per monthly billing cycle, capping the benefit at ₹10,000 monthly spend in these categories. 

Base Reward Rate: Earn 2 Reward Points for every ₹100 spent on all other eligible retail categories, providing 0.5% value-back on general purchases across shopping, entertainment, dining, and services. 

Airport Lounge Access with Spending Threshold: Enjoy 8 complimentary domestic airport lounge visits per year (2 visits per calendar quarter) at select partner lounges across India. Important Change from January 1, 2025: This benefit is valid in a particular quarter only if you have spent a minimum of ₹20,000 on your card in the previous quarter, encouraging consistent card usage. 

Amazon Prime Membership Opportunity: Receive a complimentary 12-month Amazon Prime membership upon spending ₹1 Lakh within the first 90 days of card issuance, providing access to unlimited free delivery, Prime Video streaming, Prime Music, and exclusive shopping deals worth thousands annually. 

Comprehensive Insurance Coverage: Benefit from ₹20 Lakh (₹20,00,000) free accidental death cover covering both air and non-air accidents, providing crucial financial protection for your family. Additionally, enjoy zero liability protection on any fraudulent transactions made with your lost or stolen card, provided you report the loss immediately to the bank. 

Fuel Surcharge Waiver: Receive 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹5,000. Maximum benefit capped at ₹250 per monthly card statement cycle (applicable on up to ₹25,000 fuel spend per month), providing potential annual fuel savings of ₹3,000. 

Smart EMI Conversion: Convert purchases worth ₹2,500 or more into easy monthly instalments with tenure options ranging from 6 to 36 months. Manage significant expenses comfortably whilst maintaining cash flow flexibility. 

Lifetime Free Add-On Cards: Extend the benefits of your RAKSHAMAH card to your loved ones with up to 3 lifetime-free add-on cards for your spouse, parents, siblings, or children. These add-on cards come without any joining or annual fees, making family financial management seamless. 

Interest-Free Period: Enjoy 20 to 50 days of interest-free credit on retail purchases, depending on the transaction date within the billing cycle. This allows you to manage expenses efficiently whilst planning payments strategically. 

Revolving Credit Facility: Access revolving credit on your card at nominal interest rates for times when you need financial flexibility. Pay the minimum amount due and carry forward the remaining balance to subsequent billing cycles. 

Zero Lost Card Liability: In case you lose your credit card, you have zero liability for any fraudulent transactions made with the card, provided you have reported the loss immediately to Bank of Baroda's 24-hour customer care at 1800-225-100. 

Wide Acceptance: Use your RAKSHAMAH card across millions of merchant establishments nationwide that accept RuPay cards, including retail stores, restaurants, petrol pumps, online merchants, and more. 

BOBCARD Mobile App: Manage your card seamlessly through the BOBCARD mobile app—track spending, view statements, redeem reward points, convert transactions to EMI, make payments, and access exclusive offers, all from your smartphone. 

Important Note on Reward Caps: The accelerated 10 Reward Points per ₹100 on grocery and departmental stores is capped at 1,000 points per monthly billing cycle, meaning only the first ₹10,000 spent in these categories qualifies for the enhanced rate. Spending beyond ₹10,000 monthly in these categories will earn the base rate of 2 points per ₹100. 

The RAKSHAMAH card's combination of lifetime-free status, accelerated rewards on essentials, airport lounge access, substantial insurance, and exclusive benefits makes it an outstanding choice for Indian Coast Guard personnel seeking to maximise value from everyday spending without any annual fee burden. 

Rewards and Benefits 

Earning Reward Points 

10 Reward Points per ₹100 on Grocery & Departmental Stores (2.5% Value-Back) 

Earn an accelerated 10 Reward Points for every ₹100 spent at grocery stores and departmental stores. With each Reward Point valued at ₹0.25, this provides an exceptional 2.5% value-back on essential household shopping. 

Terms: 

• Maximum 1,000 Reward Points can be earned at this accelerated rate per monthly billing cycle 

• This cap means only the first ₹10,000 monthly spend in grocery and departmental stores qualifies for 10 points per ₹100 

• Spending beyond ₹10,000 monthly in these categories earns the base rate of 2 points per ₹100 

• Applicable on in-store and online purchases at qualifying merchants 

Monthly Value: Up to ₹250 cashback equivalent monthly (1,000 points × ₹0.25). 

Annual Value: Up to ₹3,000 in rewards from grocery and departmental store shopping alone. 

2 Reward Points per ₹100 on Other Categories (0.5% Value-Back) 

Earn 2 Reward Points for every ₹100 spent on all other eligible retail purchases across categories including shopping, dining, entertainment, travel, and services. 

Applicable Categories: 

• Dining at restaurants 

• Shopping (apparel, electronics, lifestyle) 

• Entertainment (movies, events) 

• Travel bookings 

• Online purchases 

• Services and general spends 

Exclusions: 

• Utility bill payments (electricity, water, gas) 

• Fuel purchases (though fuel surcharge waiver applies) 

• Rent payments 

• Cash advances 

• Balance transfers 

• EMI transactions 

• Wallet loads and recharges 

• Card fees and charges 

Reward Point Value 

Redemption Value: 1 Reward Point = ₹0.25 

Reward Points can be redeemed through the BOBCARD Rewards Portal for various options including cashback to statement balance, e-vouchers from popular brands, merchandise from the rewards catalogue, or other redemption methods. 

Welcome Benefits 

Amazon Prime Membership (12 Months) 

Receive a complimentary 12-month Amazon Prime membership upon spending a minimum of ₹1 Lakh within the first 90 days of card issuance. 

Amazon Prime Benefits Include: 

• Unlimited free one-day and two-day delivery on eligible items 

• Access to Prime Video with thousands of movies and TV shows 

• Prime Music with millions of ad-free songs 

• Early access to deals and exclusive shopping offers 

• Prime Reading with access to ebooks, magazines, and comics 

Value: Amazon Prime membership typically costs ₹1,499 annually, making this a substantial welcome benefit. 

Note: Terms and conditions apply; benefit activation details will be communicated by the bank post-qualification. 

Airport Lounge Access 

8 Complimentary Domestic Lounge Visits Per Year 

Enjoy 8 complimentary visits to select domestic airport lounges annually (2 visits per calendar quarter) for comfortable pre-flight experiences at major Indian airports. 

Important Change from January 1, 2025: 

• This benefit is valid in a particular quarter only if you have spent a minimum of ₹20,000 on your card in the previous quarter 

• For example, to access lounge benefits in Q2 (April-June), you must have spent ₹20,000 in Q1 (January-March) 

• This spending threshold ensures consistent card usage to maintain lounge access eligibility 

Access Details: 

• Primary cardholder can enjoy lounge visits 

• Available at select partner domestic airport lounges across India 

• Amenities typically include complimentary refreshments, Wi-Fi, comfortable seating, newspapers, and magazines 

Note: Lounge locations, terms, and access procedures are subject to Bank of Baroda's partner lounge programme. Check the BOBCARD website or mobile app for the list of participating lounges and access instructions. 

Insurance Coverage 

Accidental Death Cover (₹20 Lakh) 

Receive complimentary accidental death insurance cover of ₹20 Lakh (₹20,00,000) providing financial protection for your family in case of unfortunate accidents. 

Coverage Details: 

• Covers both air and non-air accidents 

• Provides substantial financial security for beneficiaries 

• No additional premium or charges 

To Claim: In the event of an unfortunate incident, nominees should contact Bank of Baroda customer care at 1800-225-100 for detailed claim procedures and documentation requirements. 

Zero Lost Card Liability 

In case you lose your credit card or it gets stolen, you have zero liability for any fraudulent transactions made with the card, provided you report the loss immediately to Bank of Baroda. 

Protection Details: 

• No financial responsibility for unauthorised transactions post-reporting 

• 24×7 customer care assistance at 1800-225-100 

• Replacement card issued within 7 days of reporting loss 

Important: Report lost or stolen cards immediately to activate this protection. Delay in reporting may affect claim eligibility. 

Fuel Benefits 

1% Fuel Surcharge Waiver 

Enjoy 1% fuel surcharge waiver at all fuel stations across India, helping reduce your petrol and diesel expenses. 

Terms: 

• Transaction Range: ₹400 to ₹5,000 per transaction 

• Maximum Fuel Spend: Up to ₹25,000 per month qualifies for the waiver 

• Maximum Benefit: ₹250 per monthly card statement cycle 

• Applicable: All fuel outlets nationwide 

Annual Value: Up to ₹3,000 in fuel surcharge savings for regular drivers. 

Important: Fuel transactions do not earn Reward Points—only the surcharge waiver applies. 

Interest-Free Period 

20 to 50 Days: Enjoy an interest-free period ranging from 20 to 50 days on retail purchases, depending on when the transaction is made within your billing cycle. Transactions made immediately after the statement generation date receive the full 50-day interest-free period. 

To Maximise: Pay your total outstanding balance in full before the due date to avoid any interest charges and enjoy the complete interest-free benefit. 

Smart EMI Conversion 

Convert large purchases worth ₹2,500 or more into easy monthly instalments through Bank of Baroda's Smart EMI facility. 

Terms: 

• Minimum Transaction Value: ₹2,500 

• Tenure Options: 6 to 36 months 

• Applicable: Both billed and unbilled transactions 

Access Methods: 

• BOBCARD mobile app 

• BOBCARD website/net banking 

• Customer service: Call 1800-225-100 

Benefits: 

• Manage significant expenses comfortably 

• Choose your preferred repayment tenure 

• Applicable processing fees and interest rates communicated at time of conversion 

• Helps maintain cash flow whilst making necessary large purchases 

Revolving Credit Facility 

Access revolving credit on your RAKSHAMAH card, allowing you to pay the minimum amount due and carry forward the remaining balance to subsequent billing cycles. 

How It Works: 

• Pay at least the minimum amount due (typically 5% of outstanding balance) by the due date 

• Carry forward the remaining balance to the next billing cycle 

• Interest charges apply on the revolving balance as per the card's APR 

Note: While this facility provides flexibility during financial crunches, it's advisable to pay the full outstanding amount to avoid interest charges that can accumulate significantly. 

Add-On Cards 

Up to 3 Lifetime-Free Add-On Cards 

Extend the benefits of your RAKSHAMAH card to your loved ones with up to 3 complimentary add-on cards. 

Eligible for: 

• Spouse 

• Parents 

• Siblings 

• Children (subject to age eligibility) 

Benefits: 

• Zero joining fee 

• Zero annual/renewal fees (lifetime free) 

• Shared credit limit with primary card 

• All cardholders contribute to Reward Points earning 

• Individual transaction tracking for better expense management 

BOBCARD Mobile App 

Manage your RAKSHAMAH Credit Card seamlessly through the comprehensive BOBCARD mobile app. 

Features: 

• Track spending and view real-time transactions 

• Access monthly statements digitally 

• Redeem Reward Points instantly 

• Convert transactions to Smart EMI 

• Make credit card payments 

• Set up auto-pay and payment reminders 

• Access exclusive merchant offers 

• Block/unblock card for security 

• Update contact details and preferences 

Download: Available on Google Play Store (Android) and Apple App Store (iOS).