Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, October 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

    Roma Finance announces series of internal appointments

    October 22, 2026
    Finance

    Crystal Specialist Finance appoints new managing director

    October 20, 2026
    Finance

    Finance Report – ABC News

    October 19, 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
    Finance

    Why AI in finance still struggles at enterprise scale

    February 4, 2026
    Property

    Signature Property Finance appoints new sales director

    October 19, 2026
    Property

    Andover redevelopment would turn abandoned abbey property into hotel, homes, warehouses

    August 5, 2024
    What's Hot

    Asia stocks rebound on Greenland relief, tech rally; S.Korea hits record high By Investing.com

    January 21, 2026

    US stock market news: Beware investors: Market is flashing warning signs of a possible stock slump, says Citi

    October 25, 2024

    Bitcoin is a reservoir of power

    August 13, 2024
    Most Popular

    Manx law firm plays part in return of Bitcoin worth up to £1m

    January 9, 2026

    PI, Bitcoin & Hyperliquid – European Wrap 25 September

    September 25, 2025

    L’augmentation de Bitcoin est-elle une bénédiction ou une menace pour les bons du Trésor d’entreprise?

    June 18, 2025
    Editor's Picks

    ICBC optimistic on impact of US tariffs and Chinese property sector

    October 31, 2025

    Bitcoin Exploded to $65K While Solana and Shiba Inu Gained 6% Daily (Weekend Watch)

    August 24, 2024

    Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report

    July 11, 2024
    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.