Suryoday Small Finance Bank Credit Card Against FD

What is Suryoday Small Finance Bank Credit Card Against FD?

The Suryoday Small Finance Bank credit card against FD provides a credit limit linked to your fixed deposit. While you get access to credit, your deposit earns attractive Suryoday Bank FD rates of up to 8.40%, one of the highest rates among small finance banks. The card is available in two variants: RuPay Platinum, which can be availed by opening an FD starting from ₹1,000, and RuPay Select, which requires a minimum FD of ₹1,15,000. Both variants offer instant virtual issuance, UPI compatibility, cashback rewards, and lifestyle benefits.

Key Features of Suryoday Small Finance Bank Credit Card Against FD

Here are the standout features that make this FD backed credit card a smart choice for customers:

• Flexible Repayments: Pay at least 10% of your outstanding dues or clear the full balance within 30 days to avoid interest.
• UPI Integration: Link with apps like BHIM, Google Pay, and PhonePe for hassle-free payments.
• RuPay Benefits: Avail exclusive lifestyle, dining, and shopping offers.
• No Hidden Fees: Lifetime-free instant virtual card with no joining or annual charges.
• FD Continuity: Your FD remains intact and earns interest while serving as collateral.

Application Process for the Suryoday Small Finance Bank Credit Card Against FD

Applying for the Suryoday Small Finance Bank credit card against FD is simple and customer-friendly:

• Check Eligibility: Ensure you are a resident between 18 and 80 years old with a lien-free, non-tax-saver FD at SSFB.
• Choose Your Variant: Select the RuPay Platinum Card (from ₹1,000 FD) or the RuPay Select Card (from ₹1,11,500 FD), depending on your financial preference.
• Apply Online: Visit the SSFB website or mobile banking app, go to the “FD credit card apply” section, and start your application.
• Provide Details: Enter your personal and FD information, complete the online KYC steps, and confirm the collateral linkage.
• Get Instant Approval: Once verified, the bank issues a virtual card instantly. This card can be immediately used for online transactions and UPI linking.
• Request Physical Card (Optional): If you prefer, you can apply for a physical card later while continuing to use the virtual card for day-to-day needs.

Who Should Consider a Small Finance Bank Credit Card Against FD?

The Small Finance Bank Credit card on FD is well-suited for a wide range of customers. These include:

• First-time Borrowers: Individuals who want to establish and build their credit history.
• Homemakers, Retirees, and Students: Those who may not have regular income proof but maintain an FD with the bank.
• FD Holders: Customers who want to make better use of their deposits while continuing to earn interest.
• Digital-savvy Users: People who prefer UPI-linked transactions and cashless payments.

Repayment Options for Suryoday SFB Credit Card Against FD

You can pay your Small Finance Bank Credit card on FD dues conveniently through the following methods:

• Suryoday SFB Account: Make instant payments or set up an auto-debit mandate from your linked savings account for recurring bill settlements.
• Mobile Apps: Use the Bill Repayment feature on the Suryoday SFB Mobile Banking App or Co-brand Partner App. Payments can be made using a Debit Card, Net Banking, or UPI.
• Bharat Bill Payment System (BBPS): Pay through any BBPS-enabled platform or mobile app.
• Easy EMIs (Coming Soon): Convert large or unbilled transactions into monthly EMIs directly from the Suryoday SFB Mobile Banking App or Co-brand Partner App.

How to Close or Cancel Your Small Finance Bank Credit Card Against FD?

You can close your Small Finance Bank credit card against FD after clearing all dues and submitting a closure request.

Steps to Close the Card:

• Visit the nearest Suryoday Small Finance Bank branch and submit a written request for closure.
• Ensure that all outstanding dues are fully paid before initiating the request.
• Once the account is settled, the FD lien will be released, and your deposit will continue to earn interest.

Other Ways to Raise a Closure Request:

• Call the toll-free helpline at 1800 266 7711 and request card closure.
• Send an email from your registered email ID to scc@suryodaybank.com.
• Use the “Manage Card” section in the Suryoday SFB Mobile Banking App to request closure.

Note: Redeem any accumulated cashback or rewards before raising the closure request.

Key Takeaways

The Suryoday Small Finance Bank credit card against FD offers a secure way to use credit while earning interest. Customers can choose between two variants, RuPay Select and RuPay Platinum, depending on their FD value. The card has 0.5% cashback on all transactions, zero annual fees, and UPI integration. Most importantly, your FD continues to earn up to 8.40% Suryoday Small Finance Bank FD rates while serving as collateral.