Stable Money Credit Card Against FD

What is a Stable Money Credit Card Against FD?

A Stable Money Suryoday Bank credit card against FD is a secured credit card issued by placing a fixed deposit with the platform. The card can be used for everyday transactions under standard terms, and the fixed deposit continues to earn interest at the current Stable Money FD rates, which is up to 8.15% per annum. No income proof or credit history is required, making this a convenient option to access credit while maintaining savings. However, applicants with a significant credit‑delinquency history may not be eligible for this card.

Stable Money Suryoday Bank Credit Card Against FD Features

Stable Money Suryoday Bank credit card against FD has clear eligibility and minimal risk by using your fixed deposit as collateral. Here are the key features:

• Cashback on Transactions: Cardholders earn 0.5% cashback on online, offline, and UPI transactions made with the RuPay credit card, subject to a cap of ₹3,000 per billing cycle. 
• Lounge Access: Physical cardholders are entitled to up to 10 complimentary domestic and international lounge visits annually. Domestic access is limited to twice per quarter, and international twice per year, with nominal fees of ₹2 for domestic and $1 for international lounges.
• Credit Limit and Security: The card limit is typically 90% of the fixed deposit, which continues to earn interest. The FD serves as collateral, offering low-risk credit access.
• No Income Proof Required: Approval does not require income proof or an extensive credit history, as the FD secures the credit limit.
• Credit Building: Responsible usage helps improve credit scores over time while maintaining FD security.
• Insurance and Lifestyle Benefits: Cardholders receive personal accident insurance (up to ₹2 lakh for Platinum, ₹10 lakh for Select), along with concierge services, flight and hotel discounts, spa access, golf privileges, and wellness programs for Select cards.
• Application Process: Applications are fully digital via the Stable Money app, completed through video KYC.
• Additional Benefits: Fuel surcharge waivers apply on spends up to ₹40,000 per month (per transaction ≤ ₹8,000), and cardholders can access exclusive RuPay merchant offers. Benefits are non-transferable and subject to terms and conditions.

Pros and Cons of Stable Money Credit Card Against FD

The table below highlights the main pros and cons of the Stable Money Suryoday Bank Credit Card on FD, helping you make an informed choice:

Application Process for Stable Money Suryoday Bank Credit Card Against FD

Applying for a Stable Money credit card against a fixed deposit allows you to enjoy the benefits of a credit card while your funds remain securely invested. The application process can be completed conveniently online or offline as follows:

Online Application Process

You can apply for a Stable Money fixed‑deposit–backed credit card via the app or the platform, as follows:

• Visit the Platform: Open the Stable Money website or mobile app and navigate to the section for “Credit Card Against FD”.
• Select the FD‑Backed Credit Card Option: Choose the secured credit‑card variant linked to your fixed deposit and click on “Apply Now”.
• Open or Link a Fixed Deposit: Open a qualifying fixed deposit through Stable Money with a partner bank/NBFC and ensure it meets the minimum pledge requirements.
• Fill in the Application Form: Provide your personal details, fixed‑deposit details (bank/NBFC, amount, tenure, etc.), and any other required fields in the online application.
• Upload Documents: Submit digital copies of KYC documents like PAN, address proof, and a recent photograph.
• Verification and Approval: Partner bank verifies the FD and documents; once approved, the credit card is issued or delivered digitally.

Offline Application Process

For those who prefer in‑person processing, the application can be done via a partner bank branch, facilitated through Stable Money:

• Visit the Nearest Branch: Go to the branch of the bank (or NBFC) that partners with Stable Money for FD‑backed credit cards. Request the application form for the secured credit card against a fixed deposit.
• Place a Fixed Deposit: If you have not already done so, open a fixed deposit in your name with the partnering institution, making sure the tenure and amount satisfy the eligibility criteria.
• Complete the Application Form: Fill in the physical application form with your details and indicate the fixed deposit you wish to link to the credit card.
• Submit Required Documents: Provide a passport‑size photo, PAN card, address proof, and FD receipt with lien/pledge.
• Bank Verification: Branch staff verify your FD details and application before forwarding it for processing.
• Issuance of Card: Once approved, the FD‑backed credit card will be issued and dispatched to your registered address or otherwise provided for activation.

Closure Process for Stable Money Suryoday Bank Credit Card Against FD

Here’s a step-by-step guide on how to close your Stable Money Suryoday Bank credit card linked to a fixed deposit:

• Clear Outstanding Balance: All dues on the credit card linked to the fixed deposit must be settled before initiating closure.
• Submit Closure Request: Place a closure request either by visiting the nearest branch of Stable Money‑partner bank, contacting their customer‑care line, or using the available digital banking channels.
• Lien Release on FD: Once the request is processed and the dues are cleared, the lien on your fixed deposit will be removed, typically within a few working days.
• Adjustment Against FD: If any amounts remain unpaid on the card, the bank reserves the right to recover them by adjusting against the fixed deposit.
• Impact on FD Interest: Should adjustment occur from the fixed deposit, applicable charges or a reduction in interest may apply as per Stable Money’s partner‑bank / FD policy.

Who Should Consider a Stable Money Suryoday Bank Credit Card Against FD?

A Stable Money Suryoday Bank credit card against FD is suitable for customers seeking a secure and accessible way to build credit while leveraging their fixed deposits:

• First‑time Credit Card Users: Borrowers with little or no credit history can leverage Stable Money’s FD‑backed secured credit card to start building their credit profile.
• Individuals with Low Credit Scores: Customers whose credit score is not strong enough to qualify for a conventional unsecured credit card can use this option, as the FD acts as collateral.
• Financial Discipline Seekers: Since the credit limit is tied to the amount in the FD (typically 90‑100%), this card helps you restrict spending and encourages disciplined repayment.
• Risk‑Averse Consumers: For applicants who prefer low risk, the FD remains intact and continues to earn interest even while serving as security for the credit card. 

Key Takeaways

The Stable Money Suryoday Bank credit card against FD is a practical choice for customers to access credit with minimal documentation. By placing a fixed deposit and obtaining a card with a credit limit tied to that deposit, users can continue earning FD interest rates, Stable Money lists FD rates up to about 8.15% p.a. With simple eligibility, card issuance without income proof, and interest income, this FD‑backed card is particularly suited for first‑time users, students, homemakers and existing FD holders looking to make the most of their savings.