Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, August 23
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Suryoday Small Finance Bank launches credit card backed by fixed deposits
    Finance

    Suryoday Small Finance Bank launches credit card backed by fixed deposits

    September 2, 20252 Mins Read


    Suryoday Small Finance Bank (SSFB) has introduced a secured credit card offering, designed to provide customers with access to credit using a fixed deposit (FD) as collateral. The product includes two variants: the Suryoday SFB RuPay Select Credit Card and the Suryoday SFB RuPay Platinum Credit Card.

    Both cards are integrated with RuPay and UPI platforms and come with instant virtual issuance. They offer 0.5% cashback on all transactions, up to a maximum of ₹3,000 per billing cycle, and are available without annual or hidden fees.

    The bank has also included RuPay-specific lifestyle, dining, and shopping offers.

    The secured credit card allows customers to start with an FD of ₹1,000 for the Platinum variant and ₹1,11,500 for the Select variant. Users can pay as little as 10% of the outstanding amount before the due date or settle the full balance within 30 days to avoid interest charges.

    Industry data shows that as of May 2025, around 111 million credit cards were in circulation in India, highlighting a growing but still limited adoption relative to the country’s population.

    SSFB’s secured credit card aims to help first-time users, homemakers, and retirees access formal credit while building responsible credit habits.

    The product also provides FD interest rates of up to 8.40%, higher than the 6.5%–7.5% typically offered by other small finance banks. The card can be linked to BHIM or other UPI apps, enabling seamless digital payments.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleSan Sebastian’s Creative Investors’ Conference Panelists Take in CAA Media Finance, Annapurna Pictures, Amazon Studios, Fremantle, Legendary Entertainment and Mediawan
    Next Article Bitcoin Price Today; Dogecoin Latest News & Remittix Set To Announce A Third Major CEX Listing

    Related Posts

    Finance

    AI is fueling demand for finance talent, not replacing it

    August 19, 2026
    Finance

    L&T Finance gets its highest share price target on the street as Macquarie bets on ‘valuation discount’

    August 18, 2026
    Finance

    WINNERS & LOSERS: Time Finance backs buyout; Nostrum sells assets

    August 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Stock Market Today, Jan. 23: ImmunityBio Falls After Gaining Over 200% in a Month

    January 23, 2026
    Bitcoin

    Bitcoin and other crypto assets sink in flight from risk

    November 21, 2025
    Finance

    L’ETF Ucits de Grayscale sur le futur de la finance bientôt absorbé par un autre fonds

    February 10, 2025
    What's Hot

    Islamabad wants Chinese utilities to use Thar coal – Pakistan

    July 22, 2024

    How They Can Overcome Them

    August 11, 2024

    Top Trader Predicts Bitcoin Breakout to $100,000 Following Months of Consolidation – But There’s a Big Catch

    October 22, 2024
    Most Popular

    Elliott’s litigation fund behind UK lawsuit against Rightmove

    November 13, 2025

    Crypto Trader Who Bet $1B on Bitcoin Returns With 3x Leveraged Long on ASTER

    September 27, 2025

    Tendance haussière de Bitcoin confirmée par un signal de breakout clé

    April 22, 2025
    Editor's Picks

    Demand weakens, but holders remain optimistic!

    August 23, 2024

    Crypto Markets Shed $100B Daily as Bitcoin (BTC) Slumped by $4K (Market Watch)

    July 30, 2024

    How Bitcoin (BTC), Ethereum (ETH), and Ozak AI Are Shaping the Future of Blockchain Finance

    September 26, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.