M16S / Indian Bank / Indian IB Secured Credit Card (VISA / RuPay, against term deposit)

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Indian IB Secured Credit Card (VISA / RuPay, against term deposit)

Indian BankVisa · RuPayLast checked 11 Oct 2026fees only

Read from the issuer's own documents on 11 Oct 2026.

Annual fee: —
Fee waived at: —
Base return: —
Forex markup: —
Interest: —

Apply on indianbank.bank.inOpens the bank’s own page.

Fees

Joining fee	Free
Fee notes	No joining fee. Annual charge follows the underlying variant (the variant issued depends on the card limit); the MITC AMC table does not give a separate figure for VISA Secure / RuPay Secure.

Travel and perks

Fuel surcharge waiver	No waiver stated. MITC lists a petrol-pump surcharge of 2.5% of the transaction or Rs 10, whichever is higher.

Charges and eligibility

Eligibility	Issued against lien on a term deposit. Limit is a minimum of Rs 25,000 or 90% of the deposit face value, or a lower limit the customer requests.
Fine-print notes	No joining fee on primary or add-on cards. Statement on the 20th, payment due 15 days later; interest-free period 15 to 45 days, lost if the previous statement is not paid in full. Railway ticket surcharge 1.8% or Rs 10, whichever is higher. EMI conversion fee 2% (min Rs 199, max Rs 1,000), EMI interest 18% p.a., foreclosure 3% of pending principal. The bank's reward-programme PDF is an image scan and could not be read, so point value, expiry and exclusions are unverified. Online and international use is off by default and must be enabled. Named 'VISA Secure' and 'RuPay Secure' in the MITC. Rewards, interest and charges follow the variant matched to the limit (Gold/Platinum/Select etc.); not separately stated.

Eligibility

Issued against lien on a term deposit. Limit is a minimum of Rs 25,000 or 90% of the deposit face value, or a lower limit the customer requests.

Fine-print notes

No joining fee on primary or add-on cards. Statement on the 20th, payment due 15 days later; interest-free period 15 to 45 days, lost if the previous statement is not paid in full. Railway ticket surcharge 1.8% or Rs 10, whichever is higher. EMI conversion fee 2% (min Rs 199, max Rs 1,000), EMI interest 18% p.a., foreclosure 3% of pending principal. The bank's reward-programme PDF is an image scan and could not be read, so point value, expiry and exclusions are unverified. Online and international use is off by default and must be enabled. Named 'VISA Secure' and 'RuPay Secure' in the MITC. Rewards, interest and charges follow the variant matched to the limit (Gold/Platinum/Select etc.); not separately stated.