Virtual Credit Card

You can use it for any online/e-commerce transactions upto the total credit limit. The total credit limit is 100% of FDs amount. As this is a virtual card, you can’t use it physically at any shop/store, can’t withdraw from an ATM, etc. 


The limits for the Credit Card for ATM Transactions are as mentioned below:

 * Per Transaction: Rs. 1,00,000

 * Daily: Rs. 1,00,000

 * Monthly: Rs. 2,00,000

 * Yearly: Rs. 5,00,000


The limits for the Credit Card for Online/Swipe Transactions are as mentioned below:

 * Daily: Rs. 10 lakhs

 * Monthly: Rs. 20 lakhs

 * Yearly: Rs. 40 lakhs

 * You can pay up to Rs. 5,000 per transaction for tap & pay payments on credit card machines.


These limits are subject to your total credit limit of 100% of the FDs amount. The maximum credit limit can be Rs. 25 Lakhs (even if your FD is for a higher amount).


Please note: In a month, you can spend 2.5 times more than your assigned credit limit. If you have utilized your entire credit limit and made a repayment, you will only be able to utilize your credit card up to 2.5 times that of your FD per month. 


For Example:


  • Let's say you have two FDs of Rs. 50,000 each. In this case, your assigned credit limit (which is your FD amount) is Rs 1 Lakh.
  • Say you have bought a phone with the 1 lakh credit limit available. If you repay the Rs. 1 Lakh spent before the statement creation date, you can use the replenished Rs. 1 Lakh credit limit in the same month.
  • If you exhaust this replenished limit again (now the total spends are 2 Lakhs), you can repay up to Rs. 50,000 to use the credit card again for that month, making your overall spend 2.5 Lakh though your credit limit is only Rs 1 Lakh.