Can I get a credit card against an FD from Bank of India?

Yes. Bank of India SwaDhan RuPay Platinum Credit Card against TDR (Term Deposit Receipt) can be considered for up to 80% of the principal amount of the FD. The facility is secured by the deposit and subject to the bank’s applicable eligibility, assessment, documentation and card issuance requirements.

What is the credit limit of BOI FD-backed credit card?

The credit card backed by the BOI FD might give a credit limit of up to 80% of the principal amount of the FD. Up to 80% of the FD principal amount may be considered for the credit limit, with the applicable margin and other conditions determined by BOI.

Which Credit Card against FD does Bank of India offer?

Bank of India offers the SwaDhan RuPay Platinum Credit Card as its secured credit card against a term deposit. The credit card also provides features such as earning reward points twice for every eligible point-of-sale or e-commerce transaction, and acceptance at eligible domestic and international merchants on the RuPay network, subject to applicable network and card terms.

What is the interest-free period available on Bank of India credit cards?

The Bank of India credit card offers an interest-free period of 21–51 days on eligible retail purchases, provided the outstanding balance is paid in full by the due date. Cash advances are not eligible for the interest-free period.

How much cash can be withdrawn on the SwaDhan card?

The cash withdrawal will be restricted to the respective cash limit as specified by BOI, and that limit shall not be more than 50% of the spending limit or available limit, whichever is lower. The ATM cash withdrawal limit depends on the type of card.

Does BOI SwaDhan Card have reward points?

Yup. SwaDhan cardholders will earn 2X reward points on eligible POS and e-commerce transactions, subject to applicable exclusions. The card also offers RuPay Platinum benefits and privileges. Reward accumulation, eligible transactions and redemption shall continue to be governed by applicable Bank of India program terms.

What are the Bank of India FD interest rates for FD-backed credit card?

BOI FD rates can go as high as 6.70% p.a. for eligible tenures and depositor categories. The FD will continue to earn interest at the applicable rate and will also be used as security for the SwaDhan RuPay Platinum Credit Card.

Bank of India Credit Card Against FD

Bank of India offers the RuPay SwaDhan Platinum Credit Card against a term deposit, with the card issued specifically against a TDR (Term Deposit Receipt). The facility offers a credit limit up to 80% of the FD amount. The card has Nil issuance and Nil annual membership charges for the primary card.

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Key Highlights of Bank of India Credit Card Against FD

The following table summarises important characteristics of the Bank of India Credit Card against FD, including the version of the credit card, FD requirement, credit limit, charges, and other relevant terms.

Feature	Details
Card Variant Name	RuPay SwaDhan Platinum Credit Card
FD Security	Term Deposit Receipt (TDR), earning interest at applicable Bank of India FD interest rates
Credit Limit Against FD	Up to 80% of the FD principal
Margin on FD	20%
Joining/Issuance Fee	Nil
Annual Fee	Nil for primary card
Interest-Free Period	21 to 51 days on eligible retail purchases
Secured Credit Interest Rate	1.20% p.m. (15.40% p.a.) on daily balances
Default Service Charge	1.70% p.m. (22.45% p.a.)
Cash Limit	Up to 50% of the spending limit or available limit, whichever is lower
ATM Cash Withdrawal	Up to ₹50,000 per day for Platinum cards, subject to applicable BOI terms
Reward Points	2X reward points on eligible POS and e-commerce transactions
Billing Cycle	1st day to the last day of the month for cards other than India Card
Payment Due Date	On or before the 21st of the next month for cards other than India Card

*Card terms and last verified on 12th October 2026.

Bank of India Secured Credit Card Variant & Credit Limit

The key details of the SwaDhan RuPay Platinum Credit Card are summarised below:

Card Variant	Credit Limit	Joining Fee	Annual Fee
SwaDhan RuPay Platinum Credit Card	Up to 80%	Nil	Nil

Why Choose a Bank of India Credit Card Against FD?

The BOI FD-backed credit card provides a secured credit facility linked to a term deposit while offering features associated with a RuPay Platinum credit card.

Credit limit of 80% FD: You can use up to 80% of the term deposit amount as a credit limit, while keeping a 20% buffer.
Interest-free period: Eligible retail transactions are entitled to an interest-free period ranging from 21 to 51 days, as long as the outstanding balance is cleared.
Cash withdrawal facility: Cash withdrawal is subject to the applicable cash-advance limit. BOI specifies up to 50% of the spending limit or available limit, whichever is lower.
Withdrawal limit from ATMs: ATM cash withdrawal is subject to the applicable card limit and BOI's terms.
Acceptance in foreign countries: It can be used by domestic and international merchants accepting the RuPay network.
EMI facility: EMI at POS will be made available at eligible POS terminals owned or managed by Worldline Private Limited.
Insurance coverage: RuPay Platinum benefits include insurance coverage of ₹2 lakhs for personal accidents and permanent disability.

Opting for any credit card against FD is a smart way to get quick credit approval while earning interest on your fixed deposit.

Bank of India Credit Card Against FD Eligibility

Bank of India Credit Card against FD eligibility is decided considering SwaDhan card’s requirement of Term Deposits and credit card requirements of the bank.

Term Deposits: The SwaDhan card is issued against the TDR (Term Deposit Receipt).
Bank Account: It must be a valid Bank of India account, as per the criteria laid down by the bank itself.
FD Security: SwaDhan Card is backed by a valid FD security.
Credit Limit: Up to 80% of the FD principal amount may be considered for the credit limit, subject to BOI's applicable terms.

Card type: The secured facility is associated with the SwaDhan RuPay Platinum Credit Card.

Documents Required for BOI FD-Backed Credit Card

Applicants applying for a credit card against a fixed deposit should be prepared to provide the documents and information required for the credit card and KYC process.

These may include:

PAN or applicable tax identification document
Identity proof
Address proof
KYC documents
Bank of India account details
Term Deposit Receipt (TDR) details
Income proof, where applicable
Recent photographs or other documents requested by the bank

The Bank of India credit-card application form contains personal, identification and financial information, whereas the SwaDhan facility requires that the card must be issued against the TDR.

How to Apply for Bank of India Credit Card Against FD

The process requires keeping the term deposit eligible, and then providing the required information and getting the bank verification done prior to card issuance.

Online Process

The following are the steps that applicants need to take for the application of the Bank of India secured credit card online:

Check Eligibility: Check the age requirement, account eligibility, income and FD eligibility.
Maintain FD: Keep an eligible Bank of India TDR.
Apply Online: Apply through the channel made available by Bank of India for the SwaDhan card.
Details to be Entered: Enter TDR and other KYC details.
Verification Process: BOI will process the application and determine the applicable credit limit, subject to its terms.
Get the Card: Get the SwaDhan RuPay Platinum Credit Card.

Offline Process

The following are the steps that applicants need to take for the application of the Bank of India secured credit card offline:

Maintain FD: Keep an eligible Bank of India TDR.
Visit Branch: Visit a BOI branch for the SwaDhan card.
Complete Application Form: Fill the credit card application form.
Submit Details: Submit PAN, KYC and TDR details.
Verification: BOI will verify the application and determine the applicable credit limit, subject to its terms.
Get the Card: Get the SwaDhan RuPay Platinum Credit Card.

FAQs

Can I get a credit card against an FD from Bank of India?

Yes. Bank of India SwaDhan RuPay Platinum Credit Card against TDR (Term Deposit Receipt) can be considered for up to 80% of the principal amount of the FD. The facility is secured by the deposit and subject to the bank’s applicable eligibility, assessment, documentation and card issuance requirements.
What is the credit limit of BOI FD-backed credit card?

The credit card backed by the BOI FD might give a credit limit of up to 80% of the principal amount of the FD. Up to 80% of the FD principal amount may be considered for the credit limit, with the applicable margin and other conditions determined by BOI.
Which Credit Card against FD does Bank of India offer?

Bank of India offers the SwaDhan RuPay Platinum Credit Card as its secured credit card against a term deposit. The credit card also provides features such as earning reward points twice for every eligible point-of-sale or e-commerce transaction, and acceptance at eligible domestic and international merchants on the RuPay network, subject to applicable network and card terms.
What is the interest-free period available on Bank of India credit cards?

The Bank of India credit card offers an interest-free period of 21–51 days on eligible retail purchases, provided the outstanding balance is paid in full by the due date. Cash advances are not eligible for the interest-free period.
How much cash can be withdrawn on the SwaDhan card?

The cash withdrawal will be restricted to the respective cash limit as specified by BOI, and that limit shall not be more than 50% of the spending limit or available limit, whichever is lower. The ATM cash withdrawal limit depends on the type of card.
Does BOI SwaDhan Card have reward points?

Yup. SwaDhan cardholders will earn 2X reward points on eligible POS and e-commerce transactions, subject to applicable exclusions. The card also offers RuPay Platinum benefits and privileges. Reward accumulation, eligible transactions and redemption shall continue to be governed by applicable Bank of India program terms.
What are the Bank of India FD interest rates for FD-backed credit card?

BOI FD rates can go as high as 6.70% p.a. for eligible tenures and depositor categories. The FD will continue to earn interest at the applicable rate and will also be used as security for the SwaDhan RuPay Platinum Credit Card.