01
Pay by scanUPI
Use the RuPay card for merchant UPI
Details
Pay supported merchants through the ZET UPI journey and keep card spending visible in the app.
SBM ZET Credit Card
- Minimum FD
- ₹2,000
- Annual fee
- ₹0
- Credit limit
- From ₹1,800
Currently listed as available
At a glance
- Bank name
- SBM Bank India
- Partner name
- ZET
- Minimum FD
- ₹2,000
- Credit limit
- From ₹1,800
- UPI payments
- Available
- Card network
- RuPay
Rewards & benefits
02
Earn as you spendRewards
Unlock ZET's reward marketplace
Details
Use published vouchers and partner discounts, with additional benefits available through the optional ZET Plus plan.
03
Grow your limitTop up
Increase the limit by adding to the FD
Details
Eligible deposit top-ups can increase the linked limit under issuer and platform rules.
04
Build your recordCredit
Build a repayment record
Details
Responsible use and on-time repayment can help establish credit history as the issuer reports account behaviour.
Your credit limit
Example FD₹10,000
Published ratio90%
Example credit limit₹9,000
How the bank sets the final limit
The ₹2,000 minimum fixed deposit is the current catalogue value; final terms remain subject to SBM Bank India and ZET approval. Final approval and the available limit remain with SBM Bank India.
Calculate your card value
Credit limit₹9,000
From the published FD ratio
- FD interest a yearAt 7% a year, before tax
- ₹700
Rewards aren't added here, because a reward point has no published rupee value for this card.
The ₹2,000 minimum fixed deposit is the current catalogue value; final terms remain subject to SBM Bank India and ZET approval.
How it works
- 01₹2,000+
Start with an FD
Your deposit keeps earning.
- 0290%
Unlock card limit
Your FD secures the card.
- 03Reuse
Repay. Get it back.
Paid limit becomes available again.
Issued by SBM Bank India
Card partner ZET
Everything else
01Eligibility
- Indian resident aged 18 or above
- New SBM Bank India deposit booked through ZET
- PAN, Aadhaar and video KYC
- Final issuance and limit remain with SBM Bank India
02Fees and charges
Minimum fixed deposit₹2,000
Joining fee₹0
Annual fee₹0
Credit limit90% of FD
ZET PlusOptional, ₹3 per day
Interest-free periodUp to 45 days, when the previous bill is paid in full
Interest after the free period3.5% a month (42% a year)
Late payment fee5% of the total due (min ₹50, max ₹1,000)
Card replacement₹249 + GST
Closure within 2 years₹499 + GST
Foreign currency transactions2.49%
GST, late-payment fees, exclusions, waivers and other issuer charges can apply. Read the current official documents before proceeding.
03Card closure and FD release
- 01
Clear the full card outstanding. Pay the billed and unbilled balance, linked EMIs, fees and any other amount due.
- 02
Ask for card closure. Use the issuing bank's current closure channel and keep the acknowledgement.
- 03
Wait for the lien to be released. Once the bank confirms closure and no dues, it can release the lien under its current process.
- 04
Know what happens on default. If dues remain unpaid, the bank may set off or liquidate the secured FD under the card and deposit terms.
04Official documents
KFS · SBM Bank IndiaKey Fact StatementChecked 4 November 2026AGREEMENT · SBM Bank IndiaCardmember AgreementChecked 4 November 2026MITC · SBM Bank IndiaSecured credit-card MITC and agreementChecked 25 September 2026PRIMARY SOURCE · ZETOfficial ZET product pageChecked 5 October 2026PRIMARY SOURCE · SBM Bank IndiaOfficial issuer pageChecked 5 October 2026
Questions
Why is a fixed deposit required?
The deposit secures the credit line. This lets the issuer assess the application without relying only on salary documents or an existing credit history.
Does the fixed deposit keep earning interest?
Yes. It earns the applicable bank deposit rate while it remains under lien. It generally cannot be withdrawn while card dues or the lien remain.
How much do I need to deposit?
The published starting fixed deposit is ₹2,000. The issuer can set eligible amounts, tenure, and deposit conditions.
How is the credit limit decided?
The published limit basis is up to 90% of the FD value. Final sanction and limits remain with the issuer.
Can I use it for UPI?
Yes. The RuPay variant supports eligible merchant UPI payments through the supported ZET journey.
Who issues the card?
This variant is issued by SBM Bank India. ZET provides the application, UPI, rewards, and servicing experience.
Currently listed as available