• Departmental Stores: 5 Reward Points per ₹100; includes retail chains, grocery, household shopping.

• Movies: 5 Reward Points per ₹100; cinema tickets, entertainment bookings.

• All Other Categories: 1 Reward Point per ₹100 (1% base earning); utilities, services, dining, travel.

• Best for: Nainital Bank account holders prioritizing shopping rewards, family financial protection, and accessible credit.

• Real Value Example (Annual Spend ₹1,20,000 - Nainital Bank Customer Household, per Bank of Baroda scenarios):

  • Departmental stores (₹50,000 × 5%): 2,500 RP = ₹625 cashback.

  • Movies/entertainment (₹10,000 × 5%): 500 RP = ₹125 cashback.

  • Other categories (₹60,000 × 1%): 600 RP = ₹150 cashback.

  • Total RP: 3,600 RP = ₹900 value.

  • Fuel surcharge waiver (₹15,000 fuel × 1% capped ₹250/month): ₹1,800 annual.

  • Insurance value (₹15L air + ₹5L non-air): ₹3,000-5,000+ estimated annual value.

  • Add-on cards (3 × lifetime free): ₹600+ value vs typical charges.

  • Welcome bonus (year 1): ₹125 value.

  • Total annual value: ₹6,425-8,425+ (year 1 with welcome). 

  • Less annual fee (₹250 if not waived): Net benefit = ₹6,175-8,175+ (year 1).

  • Break-even: ~₹10,000 annual spend ensures positive value.

• Extra Perks: Zero joining fee, 3 free add-on cards, 50-day interest-free credit, ₹15L + ₹5L accident insurance, fuel waiver, simplified staff documentation.

• Limitations: 5X restricted to departmental/movies only; 1X base modest (vs 2X+ competitors); Nainital Bank customer exclusivity; no lounge/golf/premium lifestyle benefits.

Eligibility:

• Nainital Bank Account Requirement: Must be account holder of Nainital Bank Limited (Bank of Baroda Nainital Bank RENAISSANCE BOBCARD Official).

• Salaried: 21-60 years (Primary Cardholder).

• Self-Employed: 24-65 years.

• Residency: Indian residents only.

• Documentation (Bank of Baroda Nainital Bank RENAISSANCE BOBCARD): 

• Recent passport-sized photo (white/clear background, no tinted glasses).

• PAN card (mandatory).

• Address proof: Aadhaar (both sides), Voter ID, Passport, Driving Licence, Job Card.

• Nainital Bank Staff Income Proof (simplified):

  • Employee ID OR.

  • Latest visiting card with designation OR.

  • Latest salary slip.

• Salaried Non-Staff: Bank statement (2-month salary credit) + salary slips.

Potential Limitations:

• Nainital Bank customer exclusivity: General public and non-Nainital Bank customers ineligible.

• 5X restricted to departmental/movies: No acceleration on online shopping, utilities, travel.

• 1X base modest: Lower than competitors offering 2-3% base.

• No airport lounge access: Not positioned for travel privileges.

• No premium lifestyle benefits: No golf, concierge, or entertainment perks beyond 5X movies.

• BOBCARD Rewards Portal:
• Reward Points redeemable exclusively for cash credit against outstanding card balance (1 RP = ₹0.25 direct conversion per Bank of Baroda documentation)[BoB Official]—straightforward, transparent redemption suitable for Nainital Bank customer focus.

• Best Value Strategy:

• Consolidate departmental store shopping via card for 5X earning.
• Route family movie outings and entertainment bookings for 5X acceleration.
• Maintain fuel spending within ₹250 monthly surcharge waiver cap (₹3,000 annual max).
• Leverage 3 free add-on cards for spouse/parents/children to multiply family reward capture.
• Redeem quarterly for cash credit.
• Achieve annual fee waiver milestone for ₹250 savings

• Nainital Bank Limited account holders.

• Uttarakhand-based professionals and families.

• Semi-urban professionals with Nainital Bank banking relationships.

• Families seeking accessible credit with shopping rewards.

• Those prioritizing accident insurance coverage for family protection.

• Strengths:

  • Zero joining fee: No entry cost for Nainital Bank customers.

  • 5X departmental store rewards: Excellent acceleration on household shopping (5 RP per ₹100).

  • 5X movie rewards: Entertainment value for family outings.

  • ₹15 lakh air + ₹5 lakh non-air accident insurance: Exceptional protection for entry-level card.

  • Affordable ₹250 annual fee: With milestone waiver option.

  • 3 lifetime free add-on cards: Family coverage at zero cost.

  • 500 RP welcome bonus: ₹125 value on first ₹5,000 spend.

  • 50-day interest-free credit: Powerful cash flow support.

  • 1% fuel surcharge waiver: ₹3,000 annual savings.

  • Simplified Nainital Bank staff documentation: Employee ID/visiting card/salary slip accepted.

  • 3-step digital application: Easy online process (form → Aadhaar e-sign → Video KYC).

  • Exclusive Nainital Bank customer positioning: Custom-tailored for regional banking relationships.

  
  

• Limitations:

  • Nainital Bank customer exclusivity: General public ineligible—only Nainital Bank account holders.

  • 5X limited to departmental/movies: No acceleration on online shopping, utilities, travel.

  • 1X base modest: Lower than 2-3% competitor offerings.

  • No airport lounge access: Not positioned for travel privileges.

• Verify Nainital Bank account status: Ensure active account with Nainital Bank Limited prior to application.

• Assess departmental shopping patterns: Calculate annual departmental store spending for 5X value realization.