Unity Small Finance Bank Credit Card Against FD

What is a Unity Small Finance Bank Credit Card Against FD?

A Unity Small Finance Bank Credit Card Against FD is a secured credit card issued by placing a fixed deposit with the bank. The fixed deposit continues to earn interest at prevailing Unity Small Finance Bank FD rates ranging from 4% to 6.75% per annum for the general public, and 4% to 7.25% per annum for senior citizens, as of October 2025. Applicants aged 21 to 60 can apply as primary cardholders, while add-on cardholders must be above 18 years. The card can be used for everyday transactions under standard terms. No income proof or credit history is required, making it a convenient option to access credit while maintaining savings.

Unity Small Finance Bank Credit Card Against FD Features

Unity Small Finance Bank offers Fixed Deposit (FD)-backed credit cards with straightforward eligibility criteria and minimal documentation. The key features of this facility include:

• Helps Build Credit Score: Using the card responsibly can help build or improve your credit score.
• Interest on FD: The Fixed Deposit continues to earn interest as per the bank's prevailing FD interest rates, even when pledged for the credit card.
• Auto EMI Conversion: Eligible transactions can be converted into Equated Monthly Instalments (EMIs) for easier repayment.
• Processing Fees: The bank may charge processing fees for issuing the credit card; details are available on request.
• Rewards Program: Earn rewards on eligible spends, enhancing the value of card usage.
• No Income Proof Required: Applicants are not required to provide income proof, making it accessible to a broader audience.

Pros and Cons of Unity Small Finance Bank Credit Card Against FD

The table below highlights the key pros and cons of a Unity Small Finance Bank Credit Card on FD for easy comparison:

Application Process of Unity Small Finance Bank Credit Card Against FD

Applying for a Unity Small Finance Bank Credit Card Against Fixed Deposit (FD) can be done online and offline. Below are the detailed steps for each method:

Online Application Process

To apply for a Unity Small Finance Bank Credit Card Against FD online, follow these steps:

• Visit the Official Website: Visit the Unity Small Finance Bank official website and locate the credit card section.
• Select the Credit Card Option: Choose the credit card against the FD option that aligns with your requirements.
• Open or Link a Fixed Deposit: Ensure you have a fixed deposit with the bank that meets the minimum required amount.
• Fill in the Application Form: Provide personal details, FD information, and other necessary information in the online application form.
• Upload Documents: Submit scanned copies of documents such as PAN card, Aadhaar card, valid address proof, and a passport-size photograph.
• Verification and Approval: The bank will verify your details and FD. Upon successful verification, the credit card will be approved and dispatched to your registered address.

Offline Application Process

For borrowers who prefer in-person assistance, the offline application process is as follows:

• Visit the Nearest Branch: Go to your nearest Unity Small Finance Bank branch and request the application form for a credit card against an FD.
• Place a Fixed Deposit: If you do not already have one, open a fixed deposit with the bank that meets the minimum required amount.
• Complete the Application Form: Fill in the form with details of the FD you wish to link to the credit card.
• Submit Required Documents: Attach a passport-size photograph, PAN card, valid address proof, and an FD receipt marked with a lien in favour of the bank.
• Bank Verification: The branch staff will verify your documents and FD details before forwarding the request for processing.
• Issuance of Card: Once verification is complete, the credit card will be approved and dispatched to your address within a few working days.

Closure Process for Unity Small Finance Credit Card Against FD

Here’s the procedure to close a Unity Small Finance credit card linked to a fixed deposit:

• Clear Outstanding Balance: All pending dues on the credit card must be fully paid before initiating closure.
• Submit Closure Request: You can request closure by visiting the nearest branch, contacting customer care, or using the bank’s digital banking facilities.
• Release of FD Lien: After the closure request is processed and dues are cleared, the fixed deposit lien will be released within a few working days.
• Adjustment Against FD: Any unpaid dues may be recovered by adjusting the amount from the fixed deposit.
• Effect on FD Interest: If the FD is recovered, applicable charges or FD interest rate reduction may be applied according to the policy.

Who Should Consider a Unity Small Finance Bank Credit Card against FD?

Unity Small Finance Bank Credit Card facility suits a wide range of customers who wish to access secured credit while keeping their fixed deposits active:

• Resident Individuals: Customers holding the FD and credit card personally.
• Hindu Undivided Families (HUFs): Families operating under HUF structures with FD-backed cards.
• Sole Proprietorship Firms: Proprietors using FD-backed credit cards for business purposes.
• Students and Homemakers: Can access credit using an FD without regular income proof.
• First-Time Credit Users: Helps build credit history and improve score.

Key Takeaways

Unity Small Finance Bank offers a credit card against a fixed deposit (FD) that allows you to access credit while keeping your FD intact. This arrangement enables you to continue earning interest on your FD while utilising a portion of its value as a credit limit. The credit limit is typically up to 90% of the FD amount. This facility is particularly beneficial for individuals without a credit history or those seeking to build their credit profile. It is a convenient way to manage expenses and establish a credit record without income proof.