Monday, 8 September, 2025
Banks & Fintechs Roll Out FD-Backed Credit Cards with ₹90 Limits
Banks and fintech firms in India are launching secure credit cards linked to users’ fixed deposits (FDs) to broaden access to credit. These cards feature remarkably low credit limits starting at just ₹90, compared to the usual ₹25,000–50,000 range, making them accessible to underserved customers. By anchoring credit to existing savings, this model reduces risk while fostering financial inclusion among people.
Read full story at Economic Times