Why do I need a Fixed Deposit to order a credit card? : Help Centre

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Why do I need a Fixed Deposit to order a credit card? Print

Modified on: Wed, 29 Nov, 2023 at 11:12 AM

The credit card we are providing is backed by a fixed deposit.

100% of the fixed deposit amount becomes your monthly credit card limit.
You can open a fixed deposit for any amount greater than Rs. 5,000 (this becomes your monthly credit limit).
You earn an interest rate of upto 7% per annum*
The FD is absolutely safe - it’s by SBM Bank and it’s approved and regulated by RBI.

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