Getting a credit card usually means meeting income criteria, having a credit history, or going through detailed checks. But not everyone fits that mould — and that’s exactly where credit cards against fixed deposits (FDs) come in.
They’re a smart alternative. Low on barriers, high on utility. And when issued on the RuPay network, they unlock even more value, especially for Indian users.
Let’s break it down.
What Is a Credit Card Against Fixed Deposit?
A credit card against FD is exactly what it sounds like — a secured credit card issued against a fixed deposit you place with the bank. Your FD acts as collateral. That means:
- No income documents are required in many cases
- No need for a strong credit score
- It is safer for the bank, and more accessible for you
The credit limit is typically linked to the FD, often ranging from 80% to 100% of your deposit. So you’re borrowing against your own savings without breaking the deposit or losing interest.
If you’re starting with credit or want a card with lower risk, this route makes a lot of sense.
Now, let’s explore why a RuPay credit card against FD is a smart financial tool.
Why RuPay Credit Cards?
RuPay is a homegrown Indian card network designed to work well within domestic payment systems, both online and offline. Over the past few years, RuPay has expanded significantly and now offers some clear benefits, particularly when linked to FD-based credit cards.
- UPI Integration for Credit Cards
RuPay credit cards work seamlessly with UPI platforms, allowing you to make payments via apps like Google Pay, PhonePe, and Paytm using your credit card, not just a bank account. That means you can tap into the ease of UPI — and still earn rewards or enjoy credit card features.
- Wider Local Acceptance
Since RuPay is optimised for Indian merchants and POS systems, acceptance is rarely a concern within the country. For domestic users, this ensures smooth day-to-day transactions and widespread support.
- Cost-Effective for First-Time Users
RuPay cards often have lower issuance and maintenance fees, and when issued against an FD, the eligibility is even easier. This makes them perfect for students, homemakers, freelancers, or anyone without a traditional credit profile.
In short, RuPay offers ease of use, wide accessibility, and cost efficiency — all of which align well with FD-backed credit cards.
Why This Combo Works?
So why does an FD-backed RuPay credit card make so much sense?
- You’re not using your savings — you’re just leveraging them.
- You continue earning interest on your FD.
- No credit history is required to get started.
- It’s a good way to build or improve your credit score over time.
- UPI compatibility makes the card usable almost everywhere.
And since the card is secured, approval is typically faster, and the usage terms can be more flexible. Whether you’re a student, freelancer, homemaker, or just someone with limited credit access, this setup keeps things simple, safe, and effective.
How to Get One?
Applying for a credit card against FD is easy. You can do it through the mobile banking app, internet banking, or by visiting a branch.
Typically, you’ll need:
- A minimum fixed deposit amount (varies by card)
- Valid ID and address proof
- A short application — no lengthy documentation required
Once approved, your FD stays intact, and the credit card is issued with a limit linked to the deposit amount. You can manage the card just like any other, including paying bills, earning rewards, and redeeming points.
Your FDs Just Got More Flexible
Credit cards against FDs are among the most accessible and low-risk ways to step into the world of credit. And when paired with a RuPay credit card, the experience becomes even more rewarding. You don’t need to break your savings to benefit from them. You can spend smarter, earn rewards, and build your credit.