A Fixed Deposit-backed Credit Card works like any other Credit Card and can be used for online & offline purchases, bill payments, and more.

The only difference is that you’ll need to open an FD to get the SimpliFi Fi-Federal Credit Card issued by our partner, Federal Bank, and you will earn up to 7.40% p.a. interest on your Fixed Deposit. The FD serves as a security deposit against your Credit Card. You get a credit limit against your FD amount. This also helps in building a credit history.