M16S / ESAF Small Finance Bank / ESAF FD Backed Credit Card (INORI secured)
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ESAF FD Backed Credit Card (INORI secured)
The ESAF FD Backed Credit Card (INORI secured) charges no annual fee and no joining fee. The forex markup is 2.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- 2.5%
- Interest
- 3%a month
Apply on esaf.bank.inOpens the bank’s own page.
Fees
| Joining feeunverified | Free |
|---|---|
| Annual feeunverified | Free |
| Fee notes | Bank publishes a single credit card MITC (no joining or annual fee); no separate fee schedule for the FD-backed card was found. |
Rewards
| Reward currency | Cashback |
|---|---|
| Reward notes | No reward terms published for the FD-backed card. The INORI product page states 1.25% cashback; whether that applies to the FD-backed card is not confirmed. |
Travel and perks
| Forex markupunverified | 2.5% |
|---|---|
| Fuel surcharge waiverunverified | Waiver on fuel spend up to Rs 40,000 per calendar month, no single txn above Rs 8,000 |
Charges and eligibility
| Interest per monthunverified | 3% |
|---|---|
| Late payment feeunverified | Rs 500 flat, once per statement cycle |
| Cash advance feeunverified | 5% or Rs 500, whichever is higher |
| Eligibilityunverified | Fixed deposit with ESAF; applied through the bank's online accounts portal. Policybazaar says limit up to 90% of FD; FD minimum not found |
| Fine-print notes | The bank's credit card page and apply page list an 'FD Backed Credit Card' apply link (product=FD_CC) with no details. Fee fields here are carried from the common ESAF credit card MITC, which says the FD may be liquidated once a lien-secured account is overdue more than 30 days. Card name, network and rewards for this variant are not confirmed by the bank. |
Questions
- What is the annual fee of the ESAF FD Backed Credit Card (INORI secured)?
- No annual fee.
- What is the forex markup on the ESAF FD Backed Credit Card (INORI secured)?
- 2.5% of each foreign-currency transaction, before GST.