Do I continue earning interest on my deposit while holding a secured card?

Yes, pledging your deposit for a secured card does not stop your returns; your deposit continues to earn regular growth as per prevailing bank FD interest rates while serving as collateral for your card limit.

Can I get an Indian Overseas Bank credit card against FD?

Yes, IOB provides a secured credit card based on a term deposit with a credit limit of up to 90% of the deposit principal. Applicants who do not have income documentation or do not meet the bank’s standard credit-score requirement may use the secured-card facility, subject to applicable terms.

What is the minimum FD amount for an IOB credit card?

IOB does not specify a fixed minimum FD amount for its secured credit card facility. However, the secured credit limit is subject to 90% of the term-deposit principal, with the final limit and deposit requirements subject to relevant bank terms.

What is the credit limit for an IOB FD backed credit card?

The IOB FD-backed credit card can offer a credit limit of up to 90% of the term-deposit principal. For example, an eligible deposit of ₹1 lakh could have a credit limit of up to ₹90,000, and this depends on the IOB assessment, the eligibility and the secured-card conditions.

Does IOB require income proof for a secured credit card?

Income proof is not required for the secured-card facility against a qualifying term deposit, subject to applicable terms, and the credit limit may be up to 90% of the term-deposit principal. It still requires the applicants to submit the necessary KYC details and meet other applicable conditions of the bank before the secured card is issued.

Can I get an IOB credit card with a low CIBIL score?

Applicants who do not meet the standard CIBIL score requirement may be eligible for the secured-card facility against a term deposit, subject to the 10% margin and bank terms.

What is the interest-free period on an IOB credit card?

IOB provides up to 50 days of no interest on qualified purchases, subject to the billing cycle and the date of transaction. The benefit is subject to conditions and is not usually applied to cash advances or accounts on which past-due balances are not paid up to the full amount.

What are the fees for an IOB credit card?

For a Credit Card against FD, the bank charges ₹0 joining and annual fees for Visa Classic, Visa Gold and RuPay Classic cards. RuPay Platinum carries an annual fee of ₹250 + GST, while RuPay Select carries ₹500 + GST. Applicable charges may vary as per IOB's prevailing fee schedule.

Does IOB have a waiver of fuel surcharge?

The eligible IOB credit cards offer a 1% waiver of fuel surcharge on eligible transactions ranging between ₹400 and ₹5000. The waiver is subject to the applicable billing-cycle limit and card-related conditions.

Indian Overseas Bank Credit Card Against FD

Indian Overseas Bank offers a secured credit card against a term deposit, with the credit limit available up to 90% of the FD amount. The facility includes Visa Classic, Visa Gold, RuPay Classic, RuPay Platinum and RuPay Select, with joining fees being zero and annual fees depending on card type.

Why Choose Indian Overseas Bank FD Credit Card?

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Key Features of Indian Overseas Bank Credit Card Against FD

The table below highlights the key features of an Indian Overseas Bank credit card against FD, including the secured credit limit, card variants, fees and other applicable terms.

Feature	Details
Card Name	IOB Secured Credit Card against Security of Term Deposit
Applicable Card Variants	Visa Classic, Visa Gold, RuPay Classic, RuPay Platinum and RuPay Select
Minimum FD Amount	Credit cards typically require a minimum FD of ₹10,000
Credit Limit Against FD	Up to 90% of the principal amount of the term deposit
Joining Fee	Nil for the listed variants
Annual Fee	Nil for Visa Classic, Visa Gold and RuPay Classic; ₹250 + GST for RuPay Platinum; ₹500 + GST for RuPay Select
Interest-Free Period	Up to 50 days, subject to applicable conditions
FD Interest Earned	As per applicable IOB FD interest rates
Income Proof	Not required for the secured-card facility
CIBIL Requirement	Applicants who do not meet the standard CIBIL score requirement may use the secured card against a term deposit, subject to applicable IOB terms

*Card terms updated and last verified on 31 September 2026*

Indian Overseas Bank Secured Credit Card Variants & Credit Limits

The table below compares the IOB credit card against fixed deposit options, including the applicable joining fee, annual fee and credit limit available against the term-deposit principal:

Card Variant	Joining Fee	Annual Fee	Annual Fee (incl. 18% GST)	Annual Fee Waiver Target
IOB Visa Classic	Nil	Nil	₹0	Lifetime Free
IOB Visa Gold	Nil	Nil	₹0	Lifetime Free
IOB RuPay Classic	Nil	Nil	₹0	Lifetime Free
IOB RuPay Platinum	Nil	₹250	₹295	Waived on spending ₹1,00,000/year
IOB RuPay Select	Nil	₹500	₹590	Waived on spending ₹1,00,000/year

Why Choose a Credit Card Against FD from Indian Overseas Bank?

The IOB credit card against fixed deposit offers the following features:

Up to 90% credit limit: The secured card can offer a limit of up to 90% of the principal of the term deposit.
No income proof: Applicants without income proof can use the term deposit as security for the card.
Secured card for lower CIBIL: Applicants who do not meet the standard CIBIL score requirement may use the secured-card facility against a term deposit, subject to applicable terms.
Interest-free period: There is an interest-free period up to 50 days on qualified purchases, under certain conditions.
EMI facility: The transaction of ₹3,000 and above can be converted into EMIs of 3, 6, 9, 12, 18 or 24 months.
Fuel surcharge waiver: IOB qualified cards also provide a 1% fuel surcharge waiver on fuel transactions subject to limits and conditions.

Eligibility Criteria for Indian Overseas Bank FD-Backed Credit Card

The eligibility of the Indian Overseas Bank credit card against FD is based on the credit profile of the applicant, term deposit and the required KYC.

Term Deposit: A secured credit card backed by a term deposit can be issued to an applicant.
Credit Limit: The secured credit limit may be up to 90% of the principal amount of the term deposit.
Income Proof: Applicants who do not have any income proof can have the secured credit card facility.
CIBIL Score: Applicants who do not meet the standard CIBIL score requirement may apply for the secured card against a term deposit, subject to the 10% margin and bank terms.
IOB Customers: Applicants can apply for an IOB credit card subject to the applicable eligibility and KYC requirements.
KYC: The bank will also require applicants to meet its identification and address-verification requirements.

Documents Required for IOB FD-Backed Credit Card

During the application and verification process, the applicants might be required to submit the following details and documents:

PAN
Mobile number
Email ID
Identity proof
Address proof
Term-deposit details
Applicable KYC documents

How to Apply for Indian Overseas Bank Credit Card Against FD

Indian Overseas Bank offers credit cards against FD, where applicants can apply either through the IOB online application or at any branch of the bank.

Online Process

The online procedure to apply for the IOB secured credit card is:

Check eligibility: Verify the secured-card and term-deposit requirements.
Maintain an FD: Have an eligible IOB term deposit.
Apply online: You can apply using IOB Internet Banking, Mobile Banking or the credit card application page.
Submit details: Enter PAN, contact and necessary KYC information.
Complete verification: IOB checks the application and deposit details.
Get the card: After approval and completion of the relevant process, get the card.

Offline Process

One can apply for an IOB secured credit card at any branch:

Visit a branch: Visit your local branch of the Indian Overseas Bank.
Check eligibility: Inquire with the bank regarding the fixed deposit and credit card eligibility criteria.
Maintain an FD: Open or renew a fixed deposit as per the required conditions.
Submit the application: Provide the completed application and KYC documents.
Complete verification: IOB verifies the applicant and deposit.
Get the card: Receive the credit card after approval.

FAQs

Do I continue earning interest on my deposit while holding a secured card?

Yes, pledging your deposit for a secured card does not stop your returns; your deposit continues to earn regular growth as per prevailing bank FD interest rates while serving as collateral for your card limit.
Can I get an Indian Overseas Bank credit card against FD?

Yes, IOB provides a secured credit card based on a term deposit with a credit limit of up to 90% of the deposit principal. Applicants who do not have income documentation or do not meet the bank’s standard credit-score requirement may use the secured-card facility, subject to applicable terms.
What is the minimum FD amount for an IOB credit card?

IOB does not specify a fixed minimum FD amount for its secured credit card facility. However, the secured credit limit is subject to 90% of the term-deposit principal, with the final limit and deposit requirements subject to relevant bank terms.
What is the credit limit for an IOB FD backed credit card?

The IOB FD-backed credit card can offer a credit limit of up to 90% of the term-deposit principal. For example, an eligible deposit of ₹1 lakh could have a credit limit of up to ₹90,000, and this depends on the IOB assessment, the eligibility and the secured-card conditions.
Does IOB require income proof for a secured credit card?

Income proof is not required for the secured-card facility against a qualifying term deposit, subject to applicable terms, and the credit limit may be up to 90% of the term-deposit principal. It still requires the applicants to submit the necessary KYC details and meet other applicable conditions of the bank before the secured card is issued.
Can I get an IOB credit card with a low CIBIL score?

Applicants who do not meet the standard CIBIL score requirement may be eligible for the secured-card facility against a term deposit, subject to the 10% margin and bank terms.
What is the interest-free period on an IOB credit card?

IOB provides up to 50 days of no interest on qualified purchases, subject to the billing cycle and the date of transaction. The benefit is subject to conditions and is not usually applied to cash advances or accounts on which past-due balances are not paid up to the full amount.
What are the fees for an IOB credit card?

For a Credit Card against FD, the bank charges ₹0 joining and annual fees for Visa Classic, Visa Gold and RuPay Classic cards. RuPay Platinum carries an annual fee of ₹250 + GST, while RuPay Select carries ₹500 + GST. Applicable charges may vary as per IOB's prevailing fee schedule.
Does IOB have a waiver of fuel surcharge?

The eligible IOB credit cards offer a 1% waiver of fuel surcharge on eligible transactions ranging between ₹400 and ₹5000. The waiver is subject to the applicable billing-cycle limit and card-related conditions.