Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.
Indian Bank offers three secured credit cards against fixed deposits: IB RuPay Select, IB RuPay Platinum, and IB RuPay Classic. While these cards offer similar benefits, they differ in terms of daily withdrawal and shopping limits. They are issued against a minimum FD of Rs. 25,000 and offer up to 90% of the FD amount as the credit limit. Read on to know more about these Indian Bank credit cards against FD.
50+ Credit Cards from Top Banks
Compare Best Offers
Completely Digital Process
Exclusive Pre-Approved Cards waiting for you
50+ Credit Cards from Top Banks
Compare Best Offers
Completely Digital Process
Error: Please enter a valid number
Key Highlights of Indian Bank Credit Cards Against FD |
|
| Card Type | Secured Credit Cards (Backed by FD) |
| Annual Fee | Rs. 250 + Applicable Taxes |
| Minimum FD Amount | Rs. 25,000 |
| Credit Limit | 90% of the FD Amount |
| Reward Points | 1 reward point for every Rs. 200 spent |
| Overall Rating | ★★ (2.5/5) |
Note: These cards are not available on Paisabazaar.com. The content on this page is for information only. To express interest in any of these cards, please visit Indian Bank’s website.
| On this page |
| Particular | IB RuPay Select | IB RuPay Platinum | IB RuPay Classic |
| Minimum FD Amount | Rs. 25,000 | ||
| Credit Limit | 90% of FD amount | ||
| Cash Withdrawal Limit | 40% | ||
| Daily Cash Withdrawal Limit | Rs. 50,000 | Rs. 50,000 | Rs. 8,000 |
| Daily Shopping Limit | Rs. 1.5 Lakh | Rs. 1.5 Lakh | Rs. 12,000 |
| Reward Benefits | 1 reward point for every Rs. 200 spent | ||
| Reward Redemption Value | 1 Reward Point = Rs. 1 | ||
| Personal Accident Insurance &
Permanent Disability Cover |
Rs. 10 Lakh | Rs. 2 Lakh | – |
| Particular | IB RuPay Select | IB RuPay Platinum | IB RuPay Classic |
| Annual Fee | Rs. 250 + Applicable Taxes | ||
| Annual Fee Waiver | Annual fee waiver on annual spends of Rs. 50,000 | ||
| Finance Charges | – | 1.66% p.m. | 1.99% p.m. |
| Late Payment Charges | Rs. 250 | ||
| Interest on EMI | – | 1.4% p.m. | 1.5% p.m. |
Click here for the detailed fees & charges and other terms & conditions.
Which secured credit cards are offered by Indian Bank?
Indian Bank offers three secured credit cards — IB RuPay Select, IB RuPay Platinum, and IB RuPay Classic. Consumers can apply for these cards by opening a minimum FD of Rs. 25,000.
Are there any joining or annual fees for these Indian Bank secured credit cards?
These cards come with no joining fee. From the second year onwards, an annual fee of Rs. 250 is applicable. However, this fee is waived if you spend Rs. 50,000 or more in a year.
Do Indian Bank secured credit cards offer reward benefits?
Yes, IB RuPay Select, IB RuPay Platinum & IB RuPay Classic credit cards offer 1 reward point per Rs. 200 spent. The accumulated reward points can be redeemed at a value of 1 RP = Rs. 1.
What are the credit and cash withdrawal limits offered on these cards?
The credit limit can be up to 90% of your FD amount for all three variants. The cash (ATM) withdrawal limit is 40% for all three secured credit cards.
What is the minimum FD amount required to apply for Indian Bank secured credit cards?
You need to open a fixed deposit of at least Rs. 25,000 to apply for any of the three secured credit card variants from Indian Bank.
