Indian Bank Credit Card Against FD

Some of the best Indian Bank Credit Cards against FD are mentioned below:

1. IB RuPay Classic Credit Card

Joining Fee: Nil
Annual Fee: Rs. 250 + Taxes
Minimum FD amount: Rs. 25,000

Key Features and Benefits:

• Up to 4 add-on cards
• 40% of credit limit

2. IB RuPay Platinum Credit Card

Joining Fee: Nil
Annual Fee: Rs. 250 + Taxes
Minimum FD amount: Rs. 25,000

Key Features and Benefits:

• 1 point for every Rs. 100 spent
• Redeem the accumulated reward at a value of 1 Point = Rs. 1
• Complimentary airport lounge visits
• 40% of credit limit
• Up to 4 add-on cards

3. IB RuPay Select Credit Card

Joining Fee: Nil
Annual Fee: Rs. 250 + Taxes
Minimum FD amount: Rs. 25,000

Key Features and Benefits

• 1 point for every Rs. 100 spent
• Redeem the accumulated reward at a value of 1 Point = Rs. 1
• Complimentary airport lounge visits
• 40% of credit limit
• Up to 4 add-on cards

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

• Resident: Indian
• Min. Age Requirement: 18 years
• Min. FD Amount: Rs. 25,000

Indian Bank Credit Card against a Fixed Deposit (FD) is a convenient option for individuals who want to build their credit profile while availing the benefits of a secured credit card. Since the card is secured against your FD, the eligibility requirements are generally more flexible, making it suitable for people with limited or no credit history. 

Reasons to get Indian Bank Credit Card against FD: 

• Easy Eligibility: A secured credit card can be easier to obtain, even with limited credit history.
• Build Your Credit Score: Regular and timely repayment of credit card bills can help establish a positive credit history.
• FD Remains Intact: Your fixed deposit continues to earn interest while serving as security for the credit card.
• Lower Credit Risk: Since the card is secured against your FD, it may be a suitable option for those who may not qualify for a regular credit card.
• Convenient Payments: Use the card for shopping, online transactions, bill payments, and other eligible purchases.
• Financial Discipline: Using the card responsibly and paying bills on time can help you develop better credit-management habits.

Below mentioned are the steps to apply for an Indian Bank Credit Card Against FD:

Step 1: Visit the official website of Indian Bank to explore the available credit card options and related details.

Step 2: Open a Fixed Deposit (FD) with Indian Bank in your name if you do not already have an eligible FD.

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

Step 4: Choose the Indian Bank credit card against FD that best suits your requirements.

Step 5: Complete and submit the credit card application form through the applicable channel or by visiting the nearest Indian Bank branch.

Step 6: Submit the required KYC and supporting documents for verification.

Step 7: Once the bank completes the verification process successfully, the credit card will be issued against the FD, with the credit limit determined as per the bank’s applicable terms.