SBI Credit Card on FD (SBI Unnati Credit Card): All You Need to Know

For people who want to avail a credit card against FD, the SBI Unnati credit card is considered one of the best options. This SBI credit card on FD comes with lucrative milestone rewards, various cashback benefits, contactless transactions, and much more. 

If you have a low credit score, then the SBI Unnati card can be beneficial as it will allow you to build a credit history. Furthermore, it offers an annual fee waiver for the initial four years. 

Who Can Apply for an SBI Secured Credit Card?

Banks in India, including SBI, issue credit cards against fixed deposits only if the customer maintains an FD account with the bank. Additionally, only individual applicants are eligible to obtain an SBI credit card against fixed deposit. The following entities are not eligible for this facility:

• Minors (Individuals below the age of 18 years)
• Hindu Undivided Family (HUF)
• Third parties
• Partnership firms 
• Foreign individuals 
• Societies
• Trusts
• People depositing in tax-saver FDs
• Depositors of NRI FDs

Moreover, you cannot request a secured credit card against a fixed deposit account if an overdraft or loan has already been taken out on that account.

Key Features of an SBI FD Credit Card

Before you apply for an SBI card Unnati, understanding its features is critical:

• The SBI Credit Card on FD is Accepted Worldwide

Customers can use the SBI FD credit card in more than 24 million ATMs worldwide, including 3.25 lakh outlets in India. 

For smooth functioning, you must use the SBI credit card at any outlet where VISA and MasterCard are accepted. 

• The Card Gives Contactless Advantage

To complete daily purchases, all a cardholder needs to do is wave their card at an electronic reader to send the money. This enables quick and convenient transactions where you do not have to repeatedly hand over your card or look for petty cash when making small purchases.

• This Card Offers Flexipay

With the Flexipay feature, SBI Unnati card owners can convert their outstanding payments into hassle-free monthly instalments. 

To use the Flexipay facility, you must purchase with your SBI FD credit card where the bill amount exceeds ₹2,500. Alternatively, you can sign in to your net banking account within 30 days of the transaction to avail the Flexipay option.

• Customers Can Perform a Balance Transfer on EMI

If you have an SBI Card Unnati, you can transfer the dues of other banks’ credit cards to your SBI credit card on FD. It enables you to pay back the EMIs at a discounted rate of interest. 

• The Card Provides Utility Bill Payment Facility

You can pay your utility bills, such as electricity, mobile, and telephone bills, using the Easy Bill Pay feature offered on your SBI credit card.

Finally, you can rely on the SBI FD credit card to withdraw cash from almost any VISA or MasterCard ATM across the world. 

Just like making convenient bill payments with a secured credit card, you can earn steady returns from digital fixed deposits with Stable Money. Our mobile app lists several RBI-approved fixed deposit providers, offering annual returns of up to 9.10%. 

Download our app today to explore the features and benefits of fixed deposits from various providers before making your investment.

Fees and Charges of the SBI Card on FD

The important charges related to your SBI FD credit card are provided below:

Moreover, the bank offers add-on cards for the cardholder’s parents, children, spouse or siblings for free. The user of this add-on card must be at least 18 years old. 

Documents Needed to Apply for the SBI Credit Card on FD

To apply for the SBI Card Unnati, you must provide the following documents:

• ID Proof: This includes your Aadhaar card, PAN card, driver’s licence, voter ID card, and so on
• Income Proof: Recent bank statements, salary slips, ITR filings, etc. 
• Address Proof: Submit any utility bill, passport, and more. 

Individuals who want to minimise the hassle of documentation when opening a fixed deposit can rely on Stable Money. With us, you can apply for a high-return FD in a few minutes without worrying about the elaborate list of documents needed to open a fixed deposit. It makes your investment journey much more seamless and easier as compared to conventional FDs. 

How to Get an SBI-Secured Credit Card?

It is possible to apply for the SBI secured credit card by following these steps:

Step 1: Visit a local SBI branch and ask for the relevant application form. Fill out the mandatory fields and attach the required documents before submitting them to the concerned authorities. 

Step 2: You can contact the SBI helpdesk for assistance regarding your card application.