Archive · 3 Sep 2025
Suryoday SFB Launches Secured Credit Cards for Wider Access
Suryoday Small Finance Bank now offers secured credit cards, meaning they are linked to your fixed deposits.
There are two types: Select and Platinum.
Customers use money saved in a fixed deposit as collateral for their card.
You earn interest on your deposit, up to 8.40%.
Both cards give you 0.5% cashback on purchases, up to ₹3,000 per billing cycle.
They are made for people who may not get regular credit cards, helping them build a credit history.
These cards work with UPI apps for easy payments.
Suryoday Small Finance Bank launched secured credit cards linked to fixed deposits.
Two card options are available: RuPay Select and Platinum.
Customers can earn up to 8.40% interest on their fixed deposits.
Cards offer 0.5% cashback on all transactions, capped at ₹3,000 per cycle.
The cards aim to broaden credit access and are aimed at first-time credit users.
- Who
- Suryoday Small Finance Bank
- What
- Launched secured credit cards backed by fixed deposits
- When
- Not mentioned
- Where
- Mumbai, India
- Why
- To enhance credit accessibility and target new credit users.
- Bank
- Suryoday Small Finance Bank
- Cards Launched
- RuPay Select and Platinum
- Minimum FD (Platinum)
- ₹1,000
- Minimum FD (Select)
- ₹1,11,500
- Interest on FDs
- Up to 8.40%
- Cashback
- 0.5% on all transactions
- Cashback Cap
- ₹3,000 per billing cycle
