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Saraswat Co-operative Bank
Saraswat Bank Secured RuPay Credit Card
RuPay
Saraswat Bank Secured RuPay Credit Card
A fixed-deposit-backed RuPay card aimed at members with little or no credit history — Saraswat Bank sets the credit limit as a share of the linked FD, skips income and credit-score checks, and charges no joining or annual fee at all, making it a low-risk way to start building a credit profile.
Rates and fees last verified 19 July 2026 · No bank pays us to rank higher.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Eligibility
- Employment: salaried, self-employed
- Age: 18–70
Benefits
- Credit limit set against a fixed deposit held with Saraswat Bank, so approval doesn't require income proof or a credit history — useful for building credit from scratch
Pros
- + Completely lifetime free — no joining fee, no annual fee
- + No minimum income or credit score requirement since the FD secures the credit line
- + Good option for students, retirees or self-employed members without formal income proof
- + Helps build a credit history for members with no prior credit card
Cons
- − Requires locking up funds in a fixed deposit with Saraswat Bank
- − No accelerated reward categories — flat, modest earning rate only
- − Only available to Saraswat Bank members, not the general public