What is an SBM FD credit card?
SBM Bank India is the Indian arm of a Mauritius-based banking group. Instead of selling one credit card under its own name, it partners with fintech apps that offer FD-backed cards to their users. The FD sits with SBM Bank, and the card is issued by SBM Bank, but you apply and manage it through the partner's app.
SBM Bank's own website lists secured credit cards offered with partners such as:
- SBM MobiKwik First Credit Card
- SBM Kredit.Pe Credit Card
- SBM novio Credit Card (Credilio)
- SBM Magnet Credit Card
- Niyo SBM Global Credit Card
- SBM OneCard Credit Card
- SBM Paisabazaar Step-Up and Paisa Plus credit cards
- and other app-based cards
Features, fees and rewards differ by partner, so always read the card's key fact statement.
SBM FD credit card at a glance
| Feature | SBM secured credit cards |
|---|---|
| Issuer | SBM Bank India |
| How you apply | Through a partner app |
| FD tenure | 390 days, per SBM Bank's website |
| Minimum FD | Varies by card; some start around ₹5,000 or less |
| Credit limit | Linked to the FD; set by the bank |
| FD interest | Continues; some cards advertise up to 7% a year |
| Income proof | Generally not needed |
| Payment options | In-app UPI, payment links, BBPS apps, e-mandate |
| Rent and education fee | 1% from 15 July 2026 |
Source: SBM Bank India's secured credit card page, checked November 2026.
How a credit card against FD from SBM works
- Download the partner app and choose its FD credit card.
- Complete KYC with PAN and Aadhaar, usually with video KYC.
- Book an FD with SBM Bank through the app, for the required tenure.
- Get a credit limit linked to the FD.
- Use the card and pay the bill through the app, UPI or BBPS.
- Your repayments are reported to the credit bureaus, building your CIBIL score.
The FD principal and interest stay untouched as long as you pay your dues on time.
Who an SBM FD credit card suits
- People new to credit who want to start a CIBIL score.
- Self-employed people and freelancers without salary slips.
- App-first users who prefer managing everything on the phone.
- People rebuilding a low score, through small, on-time payments.
- Travellers, if they pick a partner card with low forex charges.
Things to check before applying
- The partner's fees. Joining and annual fees vary between partner cards.
- The FD lock-in. A 390-day FD means your money is tied up for over a year.
- The limit percentage. Ask how much of your FD becomes your limit.
- Rent and education charges. A 1% fee applies from 15 July 2026.
- Customer support. You'll deal mostly with the partner app, so check its reviews.
- CIBIL reporting. Confirm the card reports to the credit bureaus.
Read is an FD credit card safe for more on how your money is protected.
SBM FD credit card vs other credit cards against FD
| SBM partner cards | Large-bank FD cards | Our partner FD card | |
|---|---|---|---|
| Where you apply | Partner app | Bank app or branch | Online, with our team's help |
| Minimum FD | Varies, often low | Often ₹10,000–₹25,000 | ₹2,000 |
| Income proof | Not needed | Not needed | Not needed |
| Builds CIBIL | Yes | Yes | Yes |
| Rewards | Varies by app | Varies by bank | Check at application |
If you want someone to walk you through the application on a call, that's what our team does. See our guide to the best FD backed credit card for more comparisons.
How to use your SBM FD card to build CIBIL
- Keep usage under 30% of your limit.
- Pay the full bill before the due date; set up an e-mandate.
- Avoid cash withdrawals, which carry fees and interest from day one.
- Don't close the card early; an older account helps your score.
- Check your report after six months.
Follow our step-by-step CIBIL plan and read credit utilisation explained.
Example
Fatima, 23, a freelance designer in Hyderabad, had steady income but no salary slip and no credit history. She opened an FD-backed card, used it for her software subscriptions and paid it in full through an e-mandate. Within a few months her CIBIL score was generated, and a year later she qualified for a regular card.
Want help getting an FD credit card?
You don't have to compare every app on your own. Our team helps people choose and apply for an FD credit card that starts with just ₹2,000, with no income proof or CIBIL score needed. Register in 2 minutes with your name and mobile number and we'll call you. We are an independent sales partner; this guide is for information and is not an offer from SBM Bank India.
Key takeaways
- An SBM FD credit card is a secured card issued by SBM Bank India, usually through a partner app.
- SBM's secured cards need an FD of 390 days, per the bank's website.
- Fees, limits and rewards vary by partner, so read each key fact statement.
- From 15 July 2026, SBM charges 1% on rent and education payments.
- Any FD credit card builds CIBIL if you pay on time and keep usage low.
Bottom line
SBM FD credit cards are a big part of India's secured card market, offered through many popular apps. They suit people new to credit who are happy to manage a card in an app and keep an FD for 390 days. Compare them with other options in our guide to the best FD credit card in India, or read about secured credit cards in India.
Frequently asked questions
What is an SBM FD credit card?
It is a secured credit card issued by SBM Bank India against a fixed deposit with the bank. Most SBM FD credit cards are offered through partner apps.
What FD tenure do SBM secured credit cards need?
SBM Bank's website says you need to book an FD for a tenure of 390 days to get its secured credit card.
Do I need income proof for an SBM FD credit card?
No. The FD is the security, so income proof and a CIBIL score are generally not needed.
Does the FD earn interest?
Yes. The FD keeps earning interest while it backs the card. Some SBM partner cards advertise FD rates of up to 7% a year.
Are there fees on SBM FD credit cards?
It depends on the card. SBM Bank also charges a 1% fee on rent and education payments made with its credit cards from 15 July 2026. Check each card's key fact statement.