SBM Bank India and ZET Launch FD-Backed Credit Card

Imagine you want a credit card but have never had one before, or haven't used credit much.

The SBM ZET Credit Card helps with this.

It works like this: you put money in a special savings account (a fixed deposit) at SBM Bank, and you get a credit card linked to that account.

You can use up to 90% of the money you put in the account as your credit limit.

You also earn interest on your fixed deposit, up to 7% per year.

The card is designed for people new to credit, and you can apply through the ZET app.

You earn rewards for using the card, like for phone recharges.

By using the card and paying your bills on time, you can improve your credit score.