Federal Bank Credit Card Against FD

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.

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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

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.

FD-Backed Credit Cards by Banks

Popular Issuers
SBI FD Credit Card	HDFC Bank FD Credit Card	ICICI Bank FD Credit Card
Axis Bank FD Credit Card	Kotak Mahindra Bank FD Credit Card	IDFC FIRST Bank FD Credit Card
Yes Bank FD Credit Card	SBM Bank FD Credit Card	AU Small Finance Bank FD Credit Card
IndusInd Bank FD Credit Card	RBL Bank FD Credit Card	Federal Bank FD Credit Card
HSBC FD Credit Card	PNB FD Credit Card	Canara Bank FD Credit Card
Union Bank of India FD Credit Card	FD Credit Card

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

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.