Credit Card Against Fixed Deposit (FD)
What is a Credit Card Against FD?
A Credit Card Against FD is a secured credit card issued by banks where your fixed deposit acts as collateral. Users can get a credit limit of 75–90% of the FD amount. It is ideal for first-time credit users, students, freelancers, and self-employed individuals without salary slips or prior credit history.
Why Choose an FD-backed Credit Card?
- ✔ Helps build or improve your CIBIL score
- ✔ Minimal documentation required
- ✔ Lower rejection chances
- ✔ Access to banking credit without salary slips
- ✔ Often comes with rewards and cashback
How Does It Work?
1. Open a fixed deposit (FD) in a bank.
2. Apply for an FD-backed credit card using the FD as collateral.
3. Bank approves the credit limit based on FD amount.
4. Use the card like any regular credit card.
5. Outstanding payments are secured by your FD if unpaid.
Eligibility Criteria
- Indian citizens above 18 years
- Holders of a fixed deposit with the bank
- No mandatory salary slips or income proof required
- Students, freelancers, first-time credit users, and self-employed individuals
Banks Offering Credit Card Against FD
| Bank | Minimum FD | Credit Limit |
|---|---|---|
| SBI | ₹25,000 | 75–90% of FD |
| ICICI Bank | ₹15,000 | Up to 90% of FD |
| HDFC Bank | ₹50,000 | Up to 90% of FD |
| Axis Bank | ₹25,000 | Up to 90% of FD |
| Kotak Mahindra Bank | ₹25,000 | 75–90% of FD |
| IDFC First Bank | ₹20,000 | Up to 90% of FD |
Bank product availability, eligibility, and charges may change. Always refer to official bank websites for the latest information.
FD Credit Card Limit Calculator
Enter your Fixed Deposit amount to estimate your credit card limit:
How to Apply
Apply online through the bank’s official website or visit a branch with your FD details and KYC documents. Compare fees, interest rates, and rewards before applying.
Third-Party Assistance & Offers
Authorized financial portals and fintech services may provide guidance and comparison tools for FD-backed credit cards. Always verify information with the official bank website to avoid fraud or misinformation.