Card & Account Services
Funding Savings Account from other Banks in Roarbank App
Account Statement (Digital)
Card Notifications (SMS / In App)
Savings Account Interest
Accrual of Interest on Savings Account
• Up to ₹1 lakh – 4.50% per annum
• ₹1 lakh to ₹10 lakh – 6.00% per annum
• Above ₹10 lakh – 7.00% per annum
Interest is calculated as per applicable banking norms.
Credit Limit Terms
Interest-Free period
Up to 62 days interest-free (including a 3-day grace period as per RBI guidelines.)
*To remain in the interest-free period, the previous month's total dues must be paid in full at least 3 days before the end of the current month.
Interest rate after interest-free period
39.6% per annum
3.3% per month
Interest applies on outstanding balances if total dues are not paid within the interest-free period.
Minimum Amount Due (MAD)
• 5% of total amount due
• Minimum - ₹500
• Maximum - up to total amount due
Late payment charges
2% of unpaid dues
(Minimum - ₹500)
EMI Terms
Eligibility for EMI Conversion
From ₹2,000 per transaction
EMI Interest
1% per month on total transaction amount
Early Repayment / Foreclosure
2% of the outstanding EMI principal amount
EMI payment structure
No separate EMI payment required. The EMI amount is automatically adjusted monthly from your credit limit balance.
*Each EMI installment forms part of:
• Minimum Amount Due
• Total Amount Due
and must be paid by the payment due date mentioned in the statement.
Cash Withdrawal & Payments Charges
Withdrawal of Personal Funds
• At any ATM within India - Free
• At any ATM outside India - 2.5% of transaction amount
Withdrawal of Credit Funds
At any ATM within or outside India - 3.5% of transaction amount
*Interest on withdrawn credit funds may apply as per applicable credit terms.
Personal Funds Transfers
• To another Roarbank account - Free
• To other Indian bank accounts - Free
Transfer of Credit Funds
Transfer money to another bank card - 0.2% fee
Foreign Currency Transactions
Foreign currency transaction processing fee - 3.5% of transaction amount
