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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Banks providing Credit Card against Fixed Deposit in 2015

    The banks nowadays provide credit cards against the fixed deposits. There is a minimum documentation requirement. The cards are sanctioned irrespective of the credit history. The short term liquidity is available without having to compromise with the long term asset allocation.

    The following are the major banks that provide credit cards against the fixed deposits:

    ICICI Bank:

    ICICI bank offers Coral Credit Card against the fixed deposit. The credit card is linked to the fixed deposit. 85% of the fixed deposit amount will be issued as your credit limit on your ICICI Bank Coral Credit Card. The fixed deposit account must be active while the credit card is live. If the dues on the credit card are not paid in 60 days, then the outstanding amount will be recovered from the fixed deposit.

    Eligibility:

    Above 18 years of age and should have a fixed deposit of Rs.20,000 and above for a minimum period of 180 days.

    The fixed deposit account cannot be linked/quantum/80C/NRE/NRO/HFC or in the name of a third person/HUF/Trust/companies.

    Benefits:
    • Special joining fee of Rs.500.
    • Double rewards on dining, groceries and at supermarkets.
    • Get one movie ticket free with one ticket throughout the week.
    • 15% saving on dining at 800 restaurants.
    • Complimentary airport lounge access.
    Features:
    • The card comes with a fixed microchip that provides security against forging and duplication of the card.
    • Only identification proof needs to be provided and no other documents needs to be submitted to the bank.
    • A welcome gift from Provogue worth Rs.999 will be delivered from 45 days of paying the joining fees.
    • The payback point can be redeemed against gift voucher and against cash equal to Rs.0.25.

    State Bank of India:

    SBI Advantage Premium Credit Card:

    This card can be used across 24 million outlets across the world and in 3,25,000 outlets in India. The card is available on the basis of fixed deposit with the State Bank group.

    Features:
    • Flexibility in payment.
    • Extended credit option. The minimum amount can be paid per month and the unpaid balance can be carried forward on lowest charges at 2.55% per month.
    • Credit free period up to 50 days.
    • 100% cash withdraw limit.
    • Allows you to transfer credit form other credit card to the SBI card at a nominal processing fee.
    • Can book railway tickets online using the card.
    • The cards benefits can be shared with your family with supplementary cards.
    • The card can be replace anywhere in the world.
    Benefits:
    • Earn rewards on dining, departmental stores and international spends.
    • Gives you access to over 200 golf courses across the world.
    • Enjoy complimentary membership to Elite Priority Pass Program and access to Airport Lounges in India and Abroad.
    • You get a welcome gift worth Rs.3,000 and anniversary gift on renewal for up to Rs.3,000.
    • A maximum of 40,000 cash points can be earned in a year.
    SBI Advantage Plus Card:

    The card gives you a credit limit of up to 85% of the FD amount.

    Benefits:
    • Enjoy interest rate at 2.25% per month.
    • As you keep paying the EMII’s every month, the credit limit will keep opening every month.
    • You will still continue to enjoy the interest on your fixed deposits.
    • Hassle free loan sanctions.
    Features:
    • The card lets you apply for add-on cards for your family to avail the benefits of the card.
    • With the utility bill payment facility all your utility bills will be paid before the due date.
    • You can transfer the credit balance from other credit cards to SBI card.
    • The card lets you repay in easy monthly instalments.

    Axis Bank:

    Insta Easy Credit Card:

    To avail this card all you need to have is a fixed deposit at the Axis bank. The minimum fixed deposit amount should be Rs.20,000 and the maximum is Rs.25,00,000.

    Features:
    • No income proof and additional address and identity proof needs to be submitted.
    • The joining fee is Rs.500.
    • The charges per month is at the rate of 2.50% and 34.49% per annum.
    • Cash withdrawal fees is 2.5% of the cash withdrawn.
    • Fee for cash payment is Rs.100.
    • Highest level of security with thee inbuilt platinum chip.
    Benefits:
    • Up to 100% cash withdrawal.
    • Free credit period up to 50 days.
    • 2.5% fuel surcharge waiver on all fuel transactions.
    • Flexibility in the credit limit.
    • Guaranteed credit card approval.
    • Can convert the purchase made on the credit card to EMI.
    • Earn eDGE loyalty reward points that can be redeemed at 500 selected reward items.

    Central Bank of India:

    Aspire Credit Card:

    This card is secured by term deposits of the bank.

    Features:
    • It is EMV chip based providing high security.
    • Issued against Cent Aspire Term Deposits.
    • The credit limit is 80% of the term deposit amount.
    • 1.20% per month interest is charged.
    • CIBIL verification is not required.
    • The card has maximum validity of 3 years.
    Benefits:
    • 100% cash withdrawal facility.
    • Personal accident cover against death is provided if you are under Group Insurance Scheme.
    • Benefits are offered for movies, dining and travelling etc.
    • Accepts domestic as well as international transactions.

    Kotak Mahindra Bank:

    Aqua Gold Card:

    This card is available on the term deposit provided by Kotak Mahindra. The primary card holder must be between 18-75 years of age. The add-on card holders must be above 18 years of age. The minimum term deposit amount must be Rs.25,000. This card is suitable for businessmen.

    Features:
    • Credit limit is up to 80% of the term deposit amount.
    • Up to 48 days are interest free.
    • If your card is stolen, you get a cover of up to Rs.50,000 on the fraudulent usage of the card.
    • You can avail add-on cards with the same benefits of your card.
    • The card is valid internationally.
    Benefits:
    • Enjoy up to 90% of cash limit.
    • Enjoy fuel surcharge waiver up to Rs.3,500.
    • Railway surcharge waiver up Rs.500 is allowed.
    • Credit can be transferred for a processing fee of Rs.349 per Rs.10,000.

    Customer Reviews

    • SBI Fixed Deposit
      "Good FD account"
      0.5 5.0/5 "Blown Away!"
      I have invested the fixed deposit with State bank of India. Since the branch is nearest by my home and they have given me a locker facility hence i have chosen the fixed deposit with SBI. Overall, I'm very much satisfied with the services with SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • YES Bank Fixed Deposit
      "Fraud by Yes Bank"
      0.5 1.0/5 "Really Bad"
      Yes Bank has not credited Interest for my Fixed Deposit. On enquiring they gave me a story that the interest amount has been adjusted towards TDS. They have not provided credit entry for the interest and the debit entry for the TDS respectively.
      Was this review helpful? 2
      , bhopal
      Reviewed on Jan 11, 2019
    • ICICI Bank Fixed Deposit
      "Smart Investment"
      0.5 5.0/5 "Blown Away!"
      In ICICI fixed deposit interest rate is around 6.75% per annum, I opened the FD through online. I have invested Rs. 1 lakh they wont take any charges for the pre matured fixed interest. I believe the interest rate is good compared to the government bank.
      Was this review helpful? 2
      , yamuna nagar
      Reviewed on Jan 10, 2019
    • Kotak Fixed Deposit
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I am having a Fixed Deposit account with Kotak Mahindra bank, they provide good services when compared to other banks. I get good interest rate in returns after the maturity period which is after 3 years. Customer support is average with Kotak Mahindra bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 10, 2019
    • HDFC Bank Fixed Deposit
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit account with HDFC Bank. The process to open this account is easy. I can do it online. They also offer a good rate of interest on the account. The bank has always been up to the mark to ban with. It is very convenient and easy.
      Was this review helpful? 3
      , noida
      Reviewed on Jan 09, 2019
    • IOB Fixed Deposit
      "Better Banking Experience"
      0.5 4.0/5 "Great!"
      I have invested a fixed deposit with Indian Overseas Bank. My wife has recommended me about this bank since she is working over there. I invested the money of Rs. 50000. I don't remember about the tenure period. Before 1 years, i have invested the money with them.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Jan 09, 2019
    • ICICI Bank Fixed Deposit
      "Good Deposit"
      0.5 5.0/5 "Blown Away!"
      I have invested a fixed deposit with ICICI. There is no reason for selected this bank. They have offered me a interest rate of 6.5% and there is no processing fee. I have invested the money 8 months before. This is a one year plan. I'm happy about the services provided by the ICICI for this account
      Was this review helpful? 1
      , thane
      Reviewed on Jan 04, 2019
    • Corporation Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      I had account with Corporation Bank and its very old one. I put fixed deposit before 3 to 4 years. The interest rate was around 7% which was minimum compared to others but am satisfied. I have deposited for 5 years. Actually have not taken any benefits, just have invested. The customer service was okay.
      Was this review helpful? 3
      , pune
      Reviewed on Jan 04, 2019
    • HDFC Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I do have a fixed deposit account with HDFC Bank. They are giving good interest. I can manage this account on line. I have chosen HDFC because of bank financial is good. I have just started long time, The process was very quick and it was done through on line.
      Was this review helpful? 4
      , thane
      Reviewed on Jan 02, 2019
    • SBI Fixed Deposit
      "Best Investment plan"
      0.5 5.0/5 "Blown Away!"
      I have taken fixed deposit account in State Bank Of India . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Dec 29, 2018
    • review Fixed Deposit
      "Good online features on FD"
      0.5 5.0/5 "Blown Away!"
      In Saraswat bank they are providing the interest around 7% per annum, the minimum amount Rs. 5000 to max, still my FD is running with this bank. The online options are excellent without visiting I can track the interest and deposit amount through online.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 17, 2018
    • HDFC Bank Fixed Deposit
      "Convenient FD with HDFC"
      0.5 5.0/5 "Blown Away!"
      In HDFC I can deposit for minimum of Rs. 5000 to max amount. I done the investment of one time payment around Rs.6 lakhs. I can chose the tenure period based on the convenient, it gives the interest of 7% its maximum. I can open and close the account through online.
      Was this review helpful? 6
      , pune
      Reviewed on Dec 17, 2018
    • SBI Fixed Deposit
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had made this investment pretty long time back and the services which they had provided so far has been good. The interest rate with them has been good and the growth with the investment has also been good. Their customer support has been helpful in guiding with everything.
      Was this review helpful? 9
      , bangalore
      Reviewed on Dec 14, 2018
    • YES Bank Fixed Deposit
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good service which they had been providing so far and i had started this investment a log time back. Their customer support has been helpful in guiding me in the investment plans and explaining with the growth of the investment. The interest rate with them has also been good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 14, 2018
    • Citibank Fixed Deposit
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      I had started this investment a pretty long time back and they had been providing a good service. Their customer support has not been responsive and i do not suggest any one to make an investment through them. There has not been a good growth with the investment.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 14, 2018
    • SBI Fixed Deposit
      "Good Investment Plan"
      0.5 4.0/5 "Great!"
      I have taken fixed deposit account in STATE BANK OF INDIA . They are not charging any charges for the account . I used to get income tax benefits . Am satisfied with the customer service and response.They are giving good rate of interest . Overall am happy with my account .
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 12, 2018
    • Post Office Fixed Deposit
      "Good investment plan"
      0.5 5.0/5 "Blown Away!"
      I have started investing in the fixed deposit almost more than 5 years. I have invested a variable amount in different times. They have offered me a interest rate of 7.5%. The response was good. I have chosen the post office because of the safe and security.
      Was this review helpful? 14
      , guwahati
      Reviewed on Dec 12, 2018
    • YES Bank Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate they have given me is good, also the customer service is good too they have co-ordinated with me well they time to time update me about there date of pay my next fixed deposit date.On line banking services are fine one too and am really happy with them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Axis Bank Fixed Deposit
      "Average bank to avail fixed deposit"
      0.5 4.5/5 "Excellent!"
      I have chosen the Axis bank for my fixed deposit. I have deposited around of Rs. 50000. Since they are providing very good services in their branch. They have offered me a interest rate of 6.5%. I put the money in 2015. I have visited their branch many times and the service is very much prompt. I had no issues with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 11, 2018
    • ICICI Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with ICICI Bank. I had to go to the bank and meet the executive and open the account. I can close the account online. There is a lock in period for 12 to 13 months. The interest I earn is satisfactory. I have a deposit of 70K. Overall good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 07, 2018
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