Fixed Deposits - SBM Credit Card

FAQs about Fixed Deposits

What is the minimum and maximum deposit to open an FD account?
Minimum deposit (the amount that you can open the FD with): Rs. 5,000 Maximum deposit (the amount that you can open the FD with): Rs 50 Lakhs (40 Lakhs thr...
Mon, 11 Mar, 2024 at 2:37 PM
How many fixed deposits can I open?
As long as you have the Niyo SBM savings account, you can open as many fixed deposits as you wish (you can’t add more money to the same fixed deposit). The ...
Thu, 14 Mar, 2024 at 5:07 PM
What will happen to my FD on maturity?
Upon maturity, both the interest & the principal amount get re-invested automatically for the same tenure. Your credit limit remains the same upon matur...
Mon, 5 Feb, 2024 at 12:59 PM
Can I withdraw the FD before maturity?
Yes, you can withdraw your FD before maturity, but please keep these important points in mind:  The FD can only be withdrawn fully (all FDs will get wi...
Mon, 11 Mar, 2024 at 1:04 PM
How can I withdraw the FD?
You can withdraw your FD from the application itself by clicking on the "Withdraw FD" option, but please keep these important points in mind:  ...
Mon, 11 Mar, 2024 at 1:04 PM
What happens to my Credit Card if I withdraw an FD?
Your credit card will be blocked if you withdraw from your FD. This is because: The FD can only be withdrawn fully (all FDs will get withdrawn) and not...
Mon, 11 Mar, 2024 at 1:02 PM
Can I add more amount to the same FD?
No, you can’t add more money to the same FD, but you can create more (new) FDs instead. The credit card limit will be equal to the total amount in your fixe...
Wed, 29 Nov, 2023 at 11:26 AM
Can I add multiple nominees?
No, we’re sorry, but currently, you can only add one nominee for your FDs.
Wed, 29 Nov, 2023 at 11:26 AM
Where will the FD interest amount be credited after maturity?
Upon maturity, both the interest & the principal amount get re-invested automatically for the same tenure. Your credit limit remains the same upon matur...
Mon, 5 Feb, 2024 at 1:00 PM
What happens to my FDs if I don’t pay my credit card bills on time?
In the unfortunate event that you are not able to pay your credit card bill (the entire amount due including any penalty) within 60 days since the bill beca...
Mon, 11 Mar, 2024 at 2:38 PM