Tripura Gramin Bank Credit Card Against FD

What is Tripura Gramin Bank Credit Card Against FD?

A Tripura Gramin Bank Credit Card against FD allows customers to access secured credit by pledging their fixed deposit as collateral. It is particularly suitable for students, homemakers, or new-to-credit users who may not have regular income proof. The FD (which starts from ₹1,000) remains lien-marked for the card’s tenure but continues to earn interest at the applicable Tripura Gramin Bank FD rates (3.30% to 6.55%). For senior citizens, the rates range from 3.80% to 7.05% per annum, while for super senior citizens, they range from 4.10% to 7.35% per annum.

Tripura Gramin Bank Credit Card Against FD Features

Tripura Gramin Bank offers FD-backed credit cards with straightforward eligibility criteria and minimal documentation. The following are the key features of this facility:

• Secured Credit Accessibility: The credit card is issued by marking a lien on the fixed deposit, with a credit limit generally up to 90% of the FD value.
• No Income Proof Required: Income documents or a pre-existing credit history are not required for approval.
• Flexible FD Tenures: The linked fixed deposit can be opened for varying durations, allowing users to choose a tenure that matches their financial goals.
• Helps Improve Credit Score: Responsible usage and timely repayments help build or enhance the customer’s CIBIL score.

Pros and Cons of Tripura Gramin Bank Credit Card Against FD

Here’s a quick comparison of the key advantages and drawbacks of the Tripura Gramin Bank credit card against Fixed Deposit:

Application Process for Tripura Gramin Bank Credit Card Against FD

Applying for a credit card against an FD with Tripura Gramin Bank can be done online and offline.

Online Application Process

Follow the steps below to complete the application process for a Tripura Gramin Bank Credit Card against FD online:

• Go to the Official Website: The first step is to visit Tripura Gramin Bank's website.
• Select the FD Section: Navigate to the Credit, Card, or Fixed Deposit area.
• Choose the Option for a Credit Card: Select the "Credit Card against Fixed Deposit" option.
• Link or Open a Fixed Deposit: You can either open a new fixed deposit account or link your current one for lien marking.
• Complete the Application: Complete the application by providing your personal information and FD data.
• Submit the Necessary Documentation: Upload scanned copies of your proof of identity, address, and PAN card.
• Card Issuance and Verification: Following verification, the credit card is authorised, processed, and dispatched to the address you have on file.

Offline Application Process

Tripura Gramin Bank also allows offline applications if you prefer to apply in person. Follow the steps below to apply for a Credit Card Against Fixed Deposit through a branch visit:

• Visit the Nearest Branch: Go to the Tripura Gramin Bank branch closest to you.
• Obtain the Application: Request a credit card and application form against the FD.
• Open a Fixed Deposit (If Not Existing): If you do not have an existing fixed deposit account, open one with the bare minimum amount needed.
• Complete the Application Form: Finish the form by providing all the necessary details, including your KYC documents and the FD receipt.
• Submit for Verification: Send the bank representative the form so they can confirm your information.
• Wait for the Approval: The credit card, associated with your fixed deposit, will be sent to the registered address upon approval.

Closure Process for Tripura Gramin Bank Credit Card on FD

Closing a Tripura Gramin Bank Credit Card Against Fixed Deposit involves clearing dues and ensuring the lien on the FD is lifted. Follow the steps below to complete the closure process smoothly:

• Pay off All Outstanding Balances: Before submitting a closure request, ensure all outstanding balances on the card have been paid.
• Visit the bank: To request closure, go to a branch or call customer care.
• Lien Removal on FD: The lien on the fixed deposit will be released after it has been paid off.
• Proceed or Terminate: After maturity, the FD may be withdrawn or continue as a regular deposit.
• Bank's Right to Modify Dues: If the dues are not cleared, the bank may modify the amount recovered from the FD principal.

Who Should Consider a Tripura Gramin Bank Credit Card Against an FD?

The Tripura Gramin Bank FD-backed credit card is ideal for individuals seeking easy access to credit without strict eligibility requirements.

• Students and Homemakers: Customers without regular income proof can apply using a fixed deposit, making this card accessible for students, homemakers, or others without formal earnings.
• First-Time Credit Card Users: Professionals new to credit can use this card, build a credit history, and improve their credit score.
• Applicants Seeking Minimal Paperwork: Since the card is FD-backed, documentation is minimal, making the process quick and easy.

Key Takeaways

The Tripura Gramin Bank Credit Card Against FD offers a secured credit option for individuals without income proof or a credit history. By pledging a fixed deposit, users can access a credit limit typically up to 75–90% of the FD value while continuing to earn interest at prevailing rates. The card helps first-time users, students, and homemakers build a CIBIL score with minimal paperwork. However, the FD remains lien-marked until dues are cleared, and rewards are limited compared to unsecured credit cards.