Fixed deposit-backed RuPay virtual Credit Card for first time users is here

Quick Summary:

Customers who back their credit card with a fixed deposit will earn an interest rate of 7.25% on a 1-year FD, combining the benefits of both credit access and interest income.

Instant Card Issuance: FIRST EARN is a virtual credit card that is issued instantly, with seamless integration into the UPI system for immediate use.

This card is a game-changer for first-time credit card users, as it is backed by a fixed deposit (FD), making it easy for anyone to avail.

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Article Details

Category: BusinessFinance

Markets: India

Topics: FD-backed credit card Credit card Fixed deposit Credit card users in India IDFC First Bank RuPay

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 09:23:47 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25335068

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 276 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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