How HDFC credit card against FD works
You open or pledge a fixed deposit with HDFC Bank, sign a lien letter, and the bank issues a credit card against that FD. The credit limit is typically 80 to 90 percent of the FD value. Your FD remains booked and continues to earn interest at the prevailing HDFC FD rate.
Eligibility criteria
HDFC is one of the most flexible issuers for secured cards.
- Age between 18 and 70.
- Indian resident with valid PAN and Aadhaar.
- Minimum FD usually 25000 rupees.
- No income proof, no salary slip, no CIBIL score required.
Credit limit calculation
If you book a 50000 rupee FD, expect a credit limit of around 40000 to 45000 rupees. For larger FDs of 1 lakh or more, the limit can extend up to 90 percent of the deposit value. The exact percentage depends on the variant of the card offered.
Fees and charges
HDFC secured cards usually come with a nominal joining fee that is often waived on the first year, an annual fee that reverses on a minimum spend, and standard interest rates of around 3.5 percent per month on revolving balances.
How to apply online
Visit the HDFC official website or a partner marketplace, choose the secured credit card option, select your FD amount, complete video KYC, and the card is dispatched within 7 to 10 working days.
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Check My Free Credit ScoreFrequently asked questions
Can I break the FD anytime?
Only after you close the credit card and clear all dues. The bank holds a lien until then.
Is there a credit check?
No. The card is fully secured by your FD, so HDFC does not require a CIBIL score.
Can I upgrade later?
Yes. After 6 to 12 months of clean usage, HDFC often offers an upgrade to a regular unsecured card.