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Federal Bank Credit Card Against FD

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Updated: 12-03-2026 11:06:29 AM

Federal Bank offers multiple credit cards to suit different consumers’ needs. For new-to-credit cardholders who want to build their credit profile, Federal Bank offers the Federal SimpliFi Fi Credit Card, which can be availed against a fixed deposit (FD). This card is designed for consumers with no prior credit history, making it easier to start their credit journey.  Cardholders can earn rewards on weekday and weekend spends while gradually building their credit history. Here’s a complete guide to everything you need to know about Federal Bank credit cards against FD.

Federal SimpliFi Fi Credit Card

SimpliFi Fi is a secured credit card issued against a minimum fixed deposit of Rs. 15,000. Cardholders can earn 3X rewards on weekend spending and 1X rewards on weekday spending. Additionally, the card offers up to 20% discounts on select partner brands, including Zomato, District by Zomato, and BookMyShow, on weekends. Besides its rewards program and brand-specific discounts, the credit card does not have much to offer, making it an ideal choice for consumers who are new-to-credit. 

Joining Fee: Nil
Annual Fee: Nil
Min. FD Amount: Rs. 15,000

Key Features & Benefits 

  • 3X rewards on all weekend spends
  • 1X rewards on all weekday spends, i.e., 2 Fi-coins per Rs. 100 spent
  • Up to 20% off on brands like District by Zomato, Zomato and BookMyShow on weekends
  • Interest rate of up to 6.7% per annum on a fixed deposit amount
  • 90% credit limit of the FD amount

Suggested Reads: Best Credit Cards in India 2026

Federal Bank Credit Card Against FD: Eligibility Criteria
Federal Bank Credit Card Against FD: Fees and Charges
Why Should You Get Federal Bank Credit Card Against FD
How to Apply for Federal Bank Credit Card Against FD
FAQs

Federal Bank Credit Card Against FD: Eligibility Criteria

Some of the basic eligibility criteria to apply for Federal Bank Credit Card against FD are mentioned below:

  • Resident: Indian
  • Min. Age Requirement: 18 years
  • Min. FD Amount: Rs. 15,000

Federal Bank Credit Card Against FD: Fees and Charges

Charges and fees can vary across Federal Bank Credit Cards. For the Federal SimpliFi Fi Credit Card, the  fees are listed below:

Type of Fee/Charge Amount
Joining Fee  Nil
Annual Fee Nil
Finance Charges  3.75% p.m. (45% p.a.)
Late Payment Fee  For Statement Balance:

  • Up to Rs. 100: Nil
  • Rs. 101 to Rs. 500: Rs. 100
  • Rs. 501 to Rs. 1,000: Rs. 300
  • Rs. 1,001 to Rs. 3,000: Rs. 400
  • Rs. 3,001 to Rs. 5,000: Rs. 500
  • Rs. 5,001 to Rs. 10,000: Rs. 750
  • Rs. 10,001 to Rs. 25,000: Rs. 1,000
  • Above Rs. 25,000: Rs. 1,500

Why Should You Get Federal Bank Credit Card Against FD

Federal SimpliFi Fi Credit Card is an entry-level credit card designed for beginners looking to build or improve their credit profile. Backed by a minimum fixed deposit of Rs. 15,000, it offers a low-risk way to start your credit journey. The card offers 3X rewards on weekend spends and 1X rewards on weekdays, along with up to 20% discounts on partner brands like Zomato and BookMyShow. 

Federal SimpliFi Fi Credit Card is suitable if: 

  • You are new to credit and want a lifetime free credit card 
  • You spend more on weekends and want to earn accelerated value back
  • You prefer spending more on partner brands such as District by Zomato, Zomato and BookMyShow on weekends
  • You prefer simple rewards without complex milestone benefits

How to Apply for Federal Bank Credit Card Against FD

Below mentioned are steps to apply for a Federal Bank Credit Card Against FD:

Step 1: Go to the official website of Federal Bank to explore credit card options.

Step 2: Open a Fixed Deposit (FD) in your name if you don’t already have one.

Step 3:  Decide the FD amount you wish to keep as security for the credit card.

Step 4: Select the Federal Bank credit card against FD that best suits your requirements.

Step 5: Complete and submit the application form either online or by visiting the nearest Federal Bank branch.

Step 6: Once the verification process is completed successfully, your credit card will be issued with a credit limit based on the FD amount.

FAQs

What is a Federal SimpliFi Fi Credit Card?
Federal SimpliFi Fi Credit Card is a secured entry-level card backed by a minimum FD of Rs. 15,000, offering basic rewards and brand-specific discounts for beginners building credit.

What are the rewards on this credit card?
Cardholders earn 3X rewards on weekend spends and 1X rewards on weekdays (2 Fi-coins per Rs. 100 spent). It is ideal for consumers who spend more on weekends. 

What is the minimum fixed deposit required?
A minimum fixed deposit of Rs. 15,000 is required to secure the Federal SimpliFi Fi Credit Card. The card’s credit limit is up to 90% of this FD amount.

Are there any fees or charges?
The card has no joining fee or annual fee. Finance charges are 3.75% per month (45% p.a.), and late payment fees range from Rs. 100 to Rs. 1,500 depending on the outstanding balance.

Who is eligible for this credit card?
Applicants must be Indian residents aged 18 or above with a minimum FD of Rs. 15,000. The card targets beginners or those looking to rebuild their credit history.

Why should I choose this card?
You should get this card if you’re new to credit and looking to build your profile. This lifetime-free card is a great choice, offering extra rewards on weekends and making your spending more rewarding.

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