M16S / SBM Bank India / SBM Secured Credit Card
entry · secured
SBM Secured Credit Card
Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
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- Fee waived at
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- Base return
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- Forex markup
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- Interest
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Apply on sbm.bank.inOpens the bank’s own page.
Fees
| Fee notes | No joining or annual fee is listed on the product page; the credit card fee schedule itself was not found (the linked Schedule of Charges covers accounts and debit cards only). |
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Charges and eligibility
| Eligibility | Open a fixed deposit with SBM Bank for a 390-day tenure; limit set by the bank on the FD amount. Pitched at entrepreneurs and the self-employed without income proof. |
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| Fine-print notes | Bank's own FD-backed card. SBM charges a 1% + taxes processing fee on rent (MCC 6513) and education payments on its secured cards for transactions on or after 15 Jul 2026. The MITC/CMA PDF is linked on the page but was not read, so fees, interest and rewards are null. |