No job or income proof? You can get a credit card with your fixed deposit

Customers get access to credit while continuing to earn on their deposits

When Anjali, a 32-year-old homemaker in Pune, tried applying for a credit card, she was turned down — not because she didn’t have savings, but because she lacked regular income proof. For millions of Indians like her — homemakers, retirees, or young professionals just starting out — accessing formal credit often feels out of reach.

 

Suryoday Small Finance Bank (SSFB) is aiming to change that with its new Secured Credit Card backed by Fixed Deposits (FDs). The product allows customers to use their own savings as collateral to get a credit card.

 

Suppose Anjali has ₹50,000 in savings but doesn’t have a regular salary slip. Normally, if she applies for a credit card, the bank may reject her because she can’t show steady income proof.

 

With Suryoday’s new secured credit card:

 

Anjali puts ₹50,000 into a Fixed Deposit (FD) with the bank.