Terms & Conditions
Last updated: 1 January 2025 · Effective: 1 January 2025
1. Acceptance of Terms
By applying for, activating, or using a Navi credit card issued by Navi Technologies Pvt. Ltd., you agree to these Terms and Conditions, our Privacy Policy, and all applicable laws. We reserve the right to modify these terms with 30 days prior notice via email.
2. Eligibility
You must be an Indian citizen above 18 years of age with a valid PAN and Aadhaar. Minimum monthly income ₹15,000. You must not be currently declared insolvent or have outstanding wilful defaults with any financial institution.
3. One-Time Activation Fee
A one-time activation fee applies to your Navi Platinum card. This fee is non-refundable once the card is activated. There is no annual fee, renewal fee, or maintenance charge for the lifetime of the card.
4. Credit Limit
Your credit limit is determined at Navi's sole discretion based on credit score, income, and other factors. Navi may increase, decrease, or suspend your limit at any time with reasonable notice.
5. Repayment
Monthly statement generated every 30 days. Minimum due must be paid within 15 days of statement date. Late payment fee: ₹500. Interest: 2.5% per month (30% per annum) on outstanding balances.
6. Cashback Policy
Cashback credited within 5 working days of each billing cycle. No expiry. Navi reserves the right to modify cashback rates with 30 days notice. Fuel cashback capped at ₹200/month.
7. Zero Liability
No liability for unauthorized transactions reported within 7 days, provided you were not negligent. Report loss or theft immediately via the app or helpline.
8. Governing Law
These terms are governed by the laws of India. Disputes subject to exclusive jurisdiction of courts in Mumbai, Maharashtra.