Indian Bank Secured (VISA / RuPay)
Keep₹25,000 of deposit buys a real card paying a real 1% — the fee depends on which one you get.
no published fee to price it against
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes a fee — every net-value number here would be wrong by exactly the fee we can't find. Everything we can source — the earn rate, the transfer routes, the lounge doors — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Indian Bank publishes a fee schedule we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #643
Why #643 Priced honestly at nothing, because Indian Bank prices it at whatever variant your deposit buys. Carried and not ranked: a card whose renewal fee is a function of an unpublished variant assignment cannot be scored against cards whose fee is a number.
The take
This is Indian Bank's deposit-backed route, and it is one of the more sensible ones on the public-sector shelf. Pledge a term deposit and the bank marks a lien on it, then issues you a limit of ₹25,000 or 90% of the deposit's face value — or less, if you ask for less. That is the whole underwriting: no income criterion, no credit-score floor, nothing published about either. For a thin file or a first card, a ₹25,000 minimum is a low door. What you get behind it is not a stripped-down instrument. Indian Bank's cashback sheet covers its credit cards without singling any variant out — a flat ₹1 per ₹100 credited to the same month's statement, halved to ₹0.50 on rent, utilities, fuel, insurance, jewellery and government payments — and the secured card is issued as one of the ordinary named variants rather than as a product of its own. Which brings us to the one thing we will not tell you, because the bank has not: what it costs to keep. Indian Bank's annual maintenance charge is nil on Bharat, ₹250 on Gold, Platinum and the three RuPay tiers, and the schedule says the charge follows "card type", while the product page says the secured card's variant is assigned "as per card limit". So the renewal fee is nil or ₹250 depending on a variant nobody assigns until your deposit is in. That is a real answer, not a missing one — but it means we decline to score this card, and it means the first question to ask the branch is which variant your deposit will buy. Whichever it is, ₹50,000 of annual spend waives the charge, and the interest rates behind it are half the private sector's.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes a fee — every net-value number here would be wrong by exactly the fee we can't find. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Indian Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Opens against a term deposit: a limit of ₹25,000 or 90% of face value, or less if you ask for less
- No joining fee — Indian Bank charges none on any card, primary or add-on
- A flat 1% credited to the same month's statement, the same rate the bank's unsecured cards pay
- ₹50,000 of previous-year spend waives the annual maintenance charge, whichever variant you are issued
- Indian Bank publishes no income criterion or credit-score floor — the deposit is the underwriting
Watch out
- Indian Bank does NOT publish an annual fee for the secured card: the charge follows the variant you are issued (nil on Bharat, ₹250 on Gold, Platinum and the RuPay tiers), and the variant is assigned by card limit. Ask which one before you pledge
- The bank marks a lien on the pledged deposit — the money is not available to you while the card lives
- Which network you get is not your choice: Indian Bank assigns the variant, and with it the scheme
- If you land on the Visa side, the harsher charge column applies: ₹250 late fee, ₹250 to replace the card, ₹50 cash-advance fee
- Rent, utilities, fuel, insurance, jewellery and government spends earn half the headline rate
- No cashback on wallet loads, EMI transactions, ATM withdrawals, or UPI transactions below ₹2,000
- No lounge access is stated anywhere on Indian Bank's card page or in its MITC, and none is claimed here
- Online, NFC and international transactions are DISABLED by default — you must switch them on in the card portal
What these points actually fly
No live transfer route takes Statement cashback (₹) into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
1 sourced rule
Indian Bank's own rewards sheet prices every variant on one cashback table, the secured card is issued AS one of those variants, and government sits in the half-rate row. Only the government row is asserted here.
- Government / tax · reduced ₹0.50 per ₹100 vs ₹1 per ₹100 — Indian Bank halves the cashback on rent, utilities, fuel, insurance, jewellery and government, in the sheet's own row, and credits it in the same billing month. If the secured card is issued as a RuPay variant, a UPI transaction under ₹2,000 earns nothing at all, by the sheet's own exclusion. No cap is published on the row
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Not confirmed on sale — the issuer still documents this card but we could not confirm it is open to new applications. Treat any application path with care.
Through an Indian Bank branch, against a term deposit you hold with the bank and agree to have a lien marked on. The published terms are a limit of "Minimum of Rs.25000 or 90% of Term Deposit face value or lesser limit as requested by the customer", with the card variant assigned "as per card limit". Indian Bank publishes no income criterion, age band or credit-score floor for this or any of its consumer cards, which is the point of a secured product. Two things to settle at the counter before you commit the deposit: which variant your limit will buy, because that decides whether the annual charge is nil or ₹250 and whether you get the Visa or the RuPay charge column; and confirmation that the ₹50,000 spend waiver applies to it. After activation, enable online, NFC and international transactions in the card portal — Indian Bank ships all three switched off.
Indian Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Indian Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
ONE CATALOGUE ENTRY, NOT TWO: Indian Bank's card page lists a single product, "Secured cards (VISA/ RuPay)", described as "Minimum of Rs.25000 or 90% of Term Deposit face value or lesser limit as requested by the customer by marking lien on the deposits. Variant: as per card limit." Both schemes in one heading and the variant a function of the limit, so the board carries one row rather than our two coverage rows. THE ANNUAL FEE IS GENUINELY UNPUBLISHED (our no-guess rule, annualFee null): the AMC list prices six named variants - Bharat NIL, Gold/Platinum/RuPay Classic/Platinum/Select ₹250 from year two, Business ₹500 - and names the secured card in NONE of them, while the schedule's annual row says "Based on card type as above", pointing back at a list that does not contain it. The joining fee IS published and is nil for every Indian Bank card. The schedule's first column DOES carry "Secure" for every per-transaction charge, while the product page names RuPay too - a genuine loose end in the bank's own documents, recorded rather than resolved. ₹50,000 of previous-year spend waives whichever AMC applies. Interest-free period 15-45 days on a 20th-to-19th billing cycle with payment due on the 5th; a 5th-of-the-month cycle can be chosen once in the card's life. Surcharges: petrol ₹10 or 2.5% of the transaction, railway tickets ₹10 or 1.80%, whichever is higher. EMI conversion 2% of the converted amount (min ₹199, max ₹1,000) at 18% p.a., with a 3% foreclosure charge. Online, NFC and international transactions are DISABLED by default on every variant per RBI guidance and must be enabled at creditcard.indianbank.bank.in. EARN: Indian Bank's own rewards sheet pays ₹1 cashback per ₹100 spent, credited to the same billing month's statement, halved to ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government spends, and nothing at all on wallet loads, EMI, ATM withdrawals or UPI transactions below ₹2,000; no monthly cap is published. NO LOUNGE ACCESS is stated anywhere in the MITC or on the card page, for any variant, and none is tagged.
per the official Indian Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Indian Bank's own documents on
Not published , and we will not invent it: the annual fee.
Every document behind this page — 4 of them, each with the day we read it
- official Indian Bank's "Credit Card Features and Benefits" sheet — the seven variant blocks a secured card is issued AS, and the shelf row that names secured cards in the first place
- official Indian Bank's credit-card page — the secured card's ₹25,000 / 90%-of-deposit limit rule, "Variant: as per card limit", and the ₹50,000 AMC-waiver threshold
- official Indian Bank credit-card MITC — the AMC list that prices six named variants and NOT the secured card, and the charge column that carries "Secure"
- official Indian Bank's own rewards sheet — ₹1 cashback per ₹100 spent credited to the same month's statement, ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government