ICICI Bank Parakram Select RuPay Credit Card
An exclusive, Lifetime Free financial product dedicated to serving and veteran personnel of the Indian Armed Forces. Backed by RuPay for seamless UPI QR payments, it features accelerated rewards on Canteen Stores Department (CSD) purchases alongside high-value personal accident coverage.
Why We Recommend The ICICI Bank Parakram Select RuPay Credit Card
An honorable defense card delivering extensive accidental insurance, CSD canteen rewards, and RuPay UPI at zero fee.
Serving and retired Indian military personnel wanting a zero-fee card with defense insurance and RuPay UPI functionality.
Welcome Gift & Activation Benefits
* Welcome benefits are typically unlocked upon payment of the joining fee and initial card activation within 30 to 90 days.
Grofi Expert Rating
Our ratings assess real-world net reward yields after fee deductions, partner redemption flexibility, lounge conditions, and user transparency.
How Much Can You Save with the ICICI Bank Parakram Select RuPay Credit Card?
Adjust your expected monthly card spends to calculate your real annual rewards and net savings.
Includes flight & hotel bookings, partner brands (Amazon, Swiggy, Flipkart), dining, and online shopping.
* Reward Point Value: ₹0.25 on statement credit or travel bookings.
Based on annual spending of ₹6,00,000.
Fees & Charges Breakdown for ICICI Bank Parakram Select RuPay Credit Card
Zero hidden costs. Complete fee schedule verified with ICICI Bank official guidelines.
One-time fee charged on the first statement
Billed annually starting from the 2nd year
Annual fee reversed upon crossing this spend milestone in the preceding card year
Charges applicable on foreign currency transactions and cross-border payments
Standard interest rate on revolving card balances
Fee on ATM cash withdrawals via credit card
From the first day of billing cycle till due date
Airport Lounge Privileges on the ICICI Bank Parakram Select RuPay Credit Card
Experience gourmet dining, quiet workspaces, and premium comforts before every flight.
4 complimentary domestic airport lounge visits per year (1 per quarter) + 4 railway lounge visits
Valid across 40+ domestic airport lounges including Mumbai (Adani), Delhi (Encalm), Bengaluru (080 Lounge), Hyderabad, Chennai, and Kolkata terminals.
Not available
Access over 1,300+ luxury airport lounges globally across Dubai, London Heathrow, Singapore Changi, New York JFK, Frankfurt, and Doha.
What Makes ICICI Bank Parakram Select RuPay Credit Card Stand Out?
Discover the top benefits, special offers, and protections engineered into this card.
100% Lifetime Free card for serving and veteran defense personnel.
RuPay enabled for merchant scan-and-pay UPI transactions across military bases and civilian outlets.
Subsidized 2.50% foreign exchange markup for international postings and naval port calls.
Pros & Cons of the ICICI Bank Parakram Select RuPay Credit Card
An honest, transparent evaluation of strengths and limitations before you submit your application.
What We Love (Pros)
- Zero annual recurring fee liability forever.
- Substantial personal accident and air accident insurance coverage tailored for defense personnel.
- RuPay UPI integration enables everyday QR code payments anywhere in India.
Things to Consider (Cons)
- Strictly restricted to verified Indian Armed Forces and defense personnel.
- Domestic lounge access is subject to the ₹75,000 quarterly spend condition.
- No international airport lounge privileges.
Who Can Apply for the ICICI Bank Parakram Select RuPay Credit Card?
Review minimum income, credit score thresholds, and essential verification documents.
Net in-hand monthly or annual earnings
Primary applicant (18+ for add-ons)
With continuous employment proof
With valid Indian address proof
690+ Score Recommended
Applicants with a credit score of 690 or higher enjoy fast-tracked approval and preferential credit limits from ICICI Bank.
Documents Required
100% digital paperless verification via Video KYC. Keep these documents ready:
Identity & Address Proof
Aadhaar Card (linked with mobile number for OTP), Passport, Driving License, or Voter ID.
PAN Card
Mandatory physical or e-PAN copy required by RBI guidelines for all credit applications.
Proof of Income
Salaried: Last 3 months' salary slips or bank statements. Self-employed: Latest ITR computation.
Everything You Need to Know About ICICI Bank Parakram Select RuPay Credit Card
Clear answers to common questions regarding annual fees, reward redemption, lounge rules, and delivery.
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Ready to Apply for the ICICI Bank Parakram Select RuPay Credit Card?
Check your pre-approved credit limit and instant approval eligibility across ICICI Bank with 100% paperless verification and zero score impact.