Credit Cards Against Fixed Deposit or FD Card

A fixed deposit credit card, also known as a credit card against fixed deposit, is a unique product that gives you a complimentary instant Credit Card against your Fixed Deposit. This Credit Card offers twin benefits: liquidity and safety.

Applying for an ICICI Bank Fixed Deposit Credit Card is very simple and convenient. Just use any of the following methods: 

• Visit a branch: 

If you prefer face-to-face assistance, simply visit any ICICI Bank branch. Our team there will guide you through the application process, ensuring that you have all the necessary documents and information

• Apply Online: 

If you prefer the convenience of online banking, simply log into your ICICI Bank Net Banking account or the ICICI Bank's iMobile app, navigate to the Fixed Deposits section, click on ‘Open Fixed Deposit Card’ and follow the steps to complete your application.

Using a Credit Card against Fixed Deposit provides immediate access to funds while ensuring that your savings remain secure. This allows you to enjoy liquidity without compromising your capital. In addition, it helps you build or improve your credit history, making it easier for you to take larger loans or get a larger credit limit in future.

You have to open a Fixed Deposit of minimum ₹50,000 to get a Fixed Deposit Credit Card. This ensures that you have sufficient funds as collateral against which a Credit Card can be issued.

Yes, you can use your Fixed Deposit to get a Credit Card. The Fixed Deposit serves as collateral, allowing you to get a credit limit of up to 90% of your Fixed Deposit amount.

To be eligible for a Fixed Deposit Credit Card, your Fixed Deposit amount must be ₹50,000 or more and it should be opened in auto-renewal mode. 

The interest rate offered on the Fixed Deposit in an Fixed Deposit Credit Card is the same as that offered on standard Fixed Deposits. This means your investment continues to earn interest while also being used as collateral for your Credit Card.

There are multiple benefits of an Fixed Deposit Credit Card like instant approval, low interest rates on Credit Card repayments, improvement of your credit score and minimal documentation.

If you need to close your Fixed Deposit, you will have to first pay any outstanding dues on your Fixed Deposit Credit Card. After clearing the dues, you can close your Fixed Deposit.