Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A secured credit card is issued against a fixed deposit as collateral, typically for individuals with no credit history or a poor credit score.
A credit card backed by your own FD, useful for building credit history from scratch.
Credit limit is usually a percentage of the FD amount; timely repayment helps build a CIBIL score, after which the FD can often be closed and the card converted to unsecured.
A student with no credit history gets a secured credit card against a ₹25,000 FD to start building a credit score.
A credit card backed by your own FD, useful for building credit history from scratch.
Secured Credit Card helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.