Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Credit Card Against Fixed Deposit

    We found 111 Credit Card Against Fixed Deposit

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8.15% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.35% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 6.9% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.4% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Customer Reviews

    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 2
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 4
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 09, 2017
    • Bank of Baroda Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had Fixed Deposit account with Bank of Baroda about quite long back. The tenure period is six years and the fixed amount is four to five lakhs. The percentage of interest rate is quite good and they returned the money back with the promised interest amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 09, 2017
    • ICICI Bank Fixed Deposit
      "Average "
      0.5 2.0/5 "Expected more"
      I have withdrawn my fixed deposit account with the ICICI bank and the interest rate was around 7%. It took around one to two hours of time to open the account through online. There are no charges while withdrawing the amount , also it took around one month of time to get it.
      Was this review helpful? 1
      , pudukkottai
      Reviewed on May 08, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • YES Bank Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Yes bank have some banking issues with them I believe. I have savings account, recurring and fixed deposit account with them. I never received quick response from the bank. But the bank is good for my fixed deposit account. Simply I opened an account with them and getting better service on it.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • Kotak Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have savings account with Kotak Mahindra bank. Even I have fixed deposit account as well. The period of FD is for one year. The bank is assigned relationship manager for me as I have so many accounts with them. I got good response from them for my FD. 1 years, 1years, relationship manager
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Even I have fixed deposit with State bank of India. The tenure period is one year. I deposit certain amount with them as their interest rate is good and incomparable. SBI gives good response to the people and they are very supportive as well. I have no issues with SBI.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit with Punjab National Bank. I have deposited ceratin amount on my account. I got good response from the bank when I opened FD. The bank was so supportive and they provided all the information regarding FD. The interest rates too are pretty attractive.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2017
    • SBI Fixed Deposit
      "Average "
      0.5 1.0/5 "Really Bad"
      I had invested in fixed deposit with the State bank of India and the interest rate is very less like its around 7.15%, also the returns are also very less, which will be also applicable with the tax. Services provided by them is really not good and I would like to suggest that they need to provide the customer service in a much better way.
      Was this review helpful? 2
      , bhopal
      Reviewed on May 03, 2017
    • SBI Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      In terms of interest rate and everything State Bank of India is fine to have the fixed deposit and the service aspects are working fine with them. I am having this account from the last six to seven years of time and the response is always very good with the State Bank of India.
      Was this review helpful? 2
      , mundra
      Reviewed on May 03, 2017
    • HDFC Bank Fixed Deposit
      "Excellent to Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the HDFC bank and the interest rate is differed according to the offers. All of my deposits will be taken care by my relationship manager. Total tenure is around five years of time and its a kind of small deposits. Net banking services are an excellent one with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 26, 2017
    • Punjab National Bank Fixed Deposit
      "Customer service should be good and unique for everyone"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Fixed deposit and they have provided around 8.5% as interest rate. Services are perfect one for me and I do have good relationship with them because my relatives are working there. Net banking services are also working good and they are started to exhibit most of the services there.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 26, 2017
    • Axis Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit account with the Axis bank and the minimum tenure is around five years of time. Response is a good one with them and everything was done through online. Net banking services are working in an excellent way and it is really wonderful.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2017
    • HDFC Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      I had invested in FD with HDFC. The benefits what I get here is huge. I never used to visit the branch . I had got a phone call from them immediately they had sent their representative for the same. He helped me in filling the form and I do have online access and I view all the FD information online itself
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 20, 2017
    • andhra Bank Fixed Deposit
      "Good one"
      0.5 4.0/5 "Great!"
      Good, I can view all the accounts in one page that is why I had chosen this ANDHRA Bank FD. I have online access too. I can view and change the mat instructions online. I change the principle amount too. I do get a the certificate of interest from them proactively on a yearly basis
      Was this review helpful? 1
      , kurnool
      Reviewed on Apr 20, 2017
    • SBI Fixed Deposit
      "Its Trusted"
      0.5 4.0/5 "Great!"
      I was studying college, I have opened Fixed deposit in SBI, it is located in my college campus. I have submitted pan card, address proof, id proof to them and I have invested the amount of Rs.1,25,000 its for the period of four years, but I am not sure what is the benefit I will get after that maturity period.
      Was this review helpful? 23
      , chandigarh
      Reviewed on Mar 30, 2017
    • Shriram Finance Fixed Deposit
      "Higher returns "
      0.5 5.0/5 "Blown Away!"
      With the help of the online portal I got in touch with shriram ,, I have opened a FD for my daughter's marriage, though I am ready to upload FORM 15C not sure how to upload. I also earn an interest of 7.72 % for a tenure of 36 months, partial liquidation is allowed after 4 months but the interest rate would be low, at the same time if I do a liqudiation after 6 months I will earn good interest. Overall I would say that are trustworthy and safe.
      Was this review helpful? 6
      , chennai
      Reviewed on Mar 25, 2017
    Common Loader Icon

    Credit Card Against Fixed Deposit is Rated as "Excellent!" by 1735 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Credit cards against fixed deposit is a fairly new concept in the Indian banking industry. The primary aim of this scheme is to provide credit cards against the value of your fixed deposit. In such a setting, the bank offers lower interest rates on the credit cards, while being completely secured in terms of credit repayment by the customer. These cards denote secured credits which can be recovered by dissolving the fixed deposit.

    Currently in India, private sector banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank etc. and public sector banks including the State Bank of India (SBI), Central bank of India, Syndicate Bank etc. offer the option to avail credit cards against fixed deposit accounts. Generally, banks will offer credit cards of limit anywhere between 80-100% of the actual value of the fixed deposit.

    Why credit card against fixed deposit?

    Credit cards are great products that provide you with instant liquidity but come with high interest rates on the borrowed credit. Availing credit cards is easy if your yearly income exceeds Rs.5 lacs and you have a good credit history, but many don’t belong to this bracket. A professional or a self-employed individual earning something around Rs.2 lacs a year can still get a credit card, provided they have an impeccable credit history.

    For instance a fresher working in his first job usually won’t have a credit history or a substantial yearly income. People under this category cannot get a credit card unless they can prove their credit worthiness to the bank. But they can still receive a card if applying against their FDs by opening a fixed deposit account of more than Rs.20,000 with the bank.

    How it works

    A typical credit card against a fixed deposit will have credit limit of 80% of amount in the fixed deposit. Once you apply for the card, the amount in your fixed deposit will have a lien marked on it till you handover the card back to the bank.

    The interest rate on this card will be lower than what is offered on regular credit cards. The bank meanwhile can recover unpaid credit by dissolving your fixed deposit. This offers a win-win situation for both the borrower and the lender.

    Cards are issued with minimum requirements for the customers. In general, if a bank offers this product, you can easily avail a credit card without the associated credit checks such as credit score, repayment history, defaults in the past etc. – issues that inhibit easy dispersal of credit cards to customers.

    Benefits of credit cards against FD
    • Easy liquidity anytime you need the cash.
    • Very few, if any, documentation required to apply for credit card against FD.
    • Avoid foreclosure of fixed deposit when in need of urgent cash.
    • A grace period of 48-55 days to repay the borrowed credit interest-free.
    • Uninterrupted interest payment on fixed deposit regardless of credit card issuance.
    • No income eligibility requirements when applying for the card.
    • Cards sanctioned irrespective of credit history.
    • Secured credit that can be recovered by the bank without resorting to extreme measures such as legal recourse.

    These are some of the benefits of credit cards issued against a fixed deposit account.

    Risks to avoid

    Though these cards offer easy liquidity and are easily available, they are still offered against your savings deposited with the bank. Getting carried away while spending the credit limit and not being able to repay the credit in time can potentially strip you of your savings. This can affect your short term liquidity while affecting your long term asset allocation process.

    You have to ensure that the bills are paid in time to avoid complications with your fixed deposit account. Interest rates from credit cards, however low, can potentially compound to high levels, and so should be treated with caution.

    Major providers of CC against FD
    • ICICI Bank: ICICI Bank Coral Credit Card
    • SBI: Advantage Credit Card
    • Axis Bank: Insta Easy Credit Card
    • Central Bank of India: Aspire Credit Card (offered against Aspire term deposit scheme)
    • Kotak Mahindra Bank: Aqua Gold Card
    • Syndicate Bank: Classic/Gold Credit Card

    Overall, credit cards against FD is a great option for your short term liquidity requirements and if you are having trouble availing a regular credit card.

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