Credit card againts FD
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Credit Card Against FD (Fixed Deposit)

Credit Card against Fixed Deposit is a financial tool that allows you to tap into the value of your Fixed Deposit(s) without breaking it or losing out on interest. Under this Credit Card offering, individuals can access a credit limit by leveraging their existing Fixed Deposits as collateral. A Credit Card against FD is a smart and clever way to monetise your savings and get the best of both worlds, i.e., liquidity and interest earnings.

Features & benefits of a Credit Card against Fixed Deposit

No income proof required

No income proof required

  • Get your FD Credit Card without digging up proof of income or worrying about meeting income requirements.
Helps build credit history

Helps build credit history

  • Repay your Fixed Deposit Credit Card dues on time to significantly boost your credit score while enjoying interest earnings and other perks.
Allows a higher credit limit against FD

Allows a higher credit limit against FD

  • The higher the FD amount, the higher your Axis Bank FD Credit Card limit will be, giving you the financial freedom you deserve. With us, you can apply for a Credit Card against FD online and enjoy a credit limit of up to ₹20 lakhs.
Easy approval

Easy approval

  • Get an instant Credit Card against a Fixed Deposit with zero hassle. Our approval process is quick and easy, saving you time and effort and ensuring that you can start using your Credit Card right away.
Fixed Deposit continuity

Fixed Deposit continuity

  • With a Credit Card against a Fixed Deposit, your FD remains intact and keeps growing steadily and securely, unaffected by your Credit Card usage.
Lower fees

Lower fees

  • With lower Credit Card interest rates, fees and charges, our Fixed Deposit Credit Card provides a smarter and more affordable way to achieve financial flexibility.
Affordable amount

Affordable amount

  • No need to maintain a large Fixed Deposit to get started. Apply for an FD Credit Card with an FD amount as low as ₹15,000.
Decent credit limits

Decent credit limits

  • Fixed Deposit Credit Cards usually come with a decent credit limits of 75% to 80% of the deposit amount. As mentioned earlier, higher the deposit amount, higher will be the credit limit.
Minimal documentation

Minimal documentation

  • Our Credit Card against FD features a simplified application process with minimal paperwork and documentation requirements, ensuring that you get Credit Card approval against FD without any unnecessary delay.
Interest-free period

Interest-free period

  • Enjoy an interest-free period of up to 50 days with our Instant Credit Card against FD.
Rewards and points

Rewards and points

  • Choose the FD Credit Card apply option to unlock additional perks, including rewards and points, that can be redeemed for exciting experiences.
Interest on Fixed Deposits

Interest on Fixed Deposits

  • Enjoy uninterrupted earnings as your Fixed Deposit will continue to earn interest even when you are using your Credit Card on FD, ensuring that you do not have to choose between your savings and spending needs.

Credit Card against Fixed Deposit Eligibility Criteria & Documentation

Eligibility criteria for Credit Card against Fixed Deposit

  • You must be an Indian resident or a Non-Resident Indian (NRI) with a valid residential address in India.
  • You must be 18 years old or above.
  • You should have a fixed deposit with Axis bank which can also be booked through any UPI.
  • The principal amount of your FD must be at least ₹15,000.
  • The tenure of your FD must be at least 1 year.

Documents required to apply for a Secured Credit Card

  • Documents for identity verification, such as Aadhaar card or PAN card.
  • Documents for residence verification, such as Aadhaar card, PAN card, driving licence or utility bills.
  • Fixed Deposit Receipt (FDR) issued by the bank.

How to Apply for a Credit Card Against FD?

For non-FD account holders

  • Visit the nearest Axis Bank branch or use the official Axis Bank website to open a Fixed Deposit. Apply Now.
  • To book an FD, provide the required details and documents to the bank.
  • Once your details are verified and the FD is booked, proceed to apply for the Credit Card by visiting the FD Credit Card page.
  • Enter the necessary information and accept T&C.
  • Click on “Proceed”.
  • Provide the FD-related details.
  • Select the suitable Fixed Deposit Credit Card and click on “Apply”.
  • When the application is received, the bank will verify the details and documents provided.
  • Upon successful verification, you will receive your FD-backed Credit Card as soon as possible.

    For FD account holders

  • Open the FD Credit Card apply page.
  • Enter your PAN, date of birth and mobile number.
  • Read and accept the terms and conditions.
  • Click “Proceed” to continue.
  • Fill out the application form with accurate details.
  • Choose the Credit Card on FD that suits your needs.
  • Submit the application form.
  • Once the bank verifies and approves your application, your FD-backed Credit Card will be issued in the shortest time possible.

FAQs

A Fixed Deposit Credit Card is a type of Credit Card that is secured against a Fixed Deposit. This means that the Credit Card stays linked to your Fixed Deposit which is used as collateral to secure the credit limit against FD.

Also known as an FD backed Credit Card, Fixed Deposit Credit Card enables you to access a secure source of funding (typically a percentage of the Fixed Deposit amount) that can be used for various purposes just like a regular Credit Card.

A Credit Card on FD is a good option as it offers a secure line of credit, helps build your credit score, keeps your investment (FD) intact while continuing to earn interest, and requires minimal documentation. Hence, these cards are ideal for individuals new to the credit system.

Yes, an FD Credit Card can help improve your CIBIL score. However, to do so, you need to use this low-risk Credit Card responsibly and follow the best practices, such as clearing Credit Card bills on time, keeping credit utilisation low and using the same Credit Card for a longer period.

Yes. You can easily get a Credit Card with FD. But it is important to note that you must meet the eligibility criteria set by your bank to get an FD Credit Card.

An FD Credit Card is secured by the FD amount, which serves as a Credit Card on Fixed deposit collateral.

This means that in the event of default, the bank has the right to use this Credit card security deposit to recover the outstanding Credit Card dues.

However, prior to taking such a step, the bank notifies the cardholder through every possible communication channel, ensuring transparency and giving the cardholder a chance to settle the dues himself.

The minimum Fixed Deposit amount for an Axis Bank FD-linked Credit Card is ₹15,000.

Fixed Deposit can be booked through any UPI account.