Archive · 3 Sep 2025
Suryoday Small Finance Bank Launches FD-Backed Credit Cards
Suryoday Small Finance Bank is now offering credit cards that are backed by fixed deposits.
This means you can use your savings as collateral to get a credit card.
They have two types of cards: Select and Platinum.
The cards offer 0.5% cashback on purchases, up to ₹3,000 each month.
The cards are aimed at people who are new to credit cards, like homemakers, or retirees.
You can pay off the full amount in 30 days to avoid interest charges, or pay at least 10% of the balance due.
The bank offers high interest rates on fixed deposits, up to 8.40%.
Suryoday SFB launched secured credit cards using fixed deposits as collateral.
The cards are integrated with RuPay and UPI platforms.
Offers 0.5% cashback on all transactions, capped at ₹3,000 per billing cycle.
Available for first-time credit users, homemakers, and retirees.
Fixed deposit interest rates up to 8.40% are offered.
- Who
- Suryoday Small Finance Bank
- What
- Launched secured credit cards backed by fixed deposits.
- When
- The cards have been introduced recently.
- Where
- India
- Why
- To enhance credit accessibility.
- Bank
- Suryoday Small Finance Bank (SSFB)
- Card Types
- RuPay Select and Platinum Credit Cards
- Card integration
- RuPay and UPI platforms
- Cashback
- 0.5% on all transactions
- Cashback Cap
- ₹3,000 per billing cycle
- Minimum FD
- ₹1,000 (Platinum), ₹1,11,500 (Select)
- Interest Rate on FD
- Up to 8.40%