Saraswat Secured RuPay Platinum
Keep₹6,500 of your own money, still earning interest, buys a lifetime-free card at 3% forex.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: 500 bonus points on card activation, plus 300 reward points on the first successful transaction — Saraswat prices neither in rupees
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — 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 Saraswat Co-operative Bank publishes terms 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 #479
Why #479 A lifetime-free card against a ₹6,500 fixed deposit that keeps earning interest, charging 3.00% abroad and 1.25% a month on a revolve — the cheapest credit this desk has priced at a co-operative bank. Carried and not ranked for the same reason as its unsecured sibling: Saraswat publishes no earn rate and no point value, so there is nothing to value.
The take
This is the more interesting of Saraswat's two cards, and the fee table is why. Put a fixed deposit of ₹6,500 with the bank — any scheme except tax-saver, short-term and minor deposits, minimum twelve months, auto-renewal on — and you get a RuPay Platinum with a limit of 80% of the deposit's face value, a floor of ₹5,000 and a ceiling of ₹25,00,000. The deposit keeps earning its own interest the whole time; the bank marks a lien on the principal, not the interest. The card itself is lifetime free, joining and annual, and it charges 3.00% on foreign currency against an Indian norm of 3.5% — the same half-point discount as its unsecured sibling, on a card that costs nothing to hold and needs no credit history. Then look at the finance charge: 1.25% a month, 15% a year, against 2.25%/27% on the unsecured card. That is what a lien-backed limit is worth, and it is a materially cheaper revolve than almost anything on this board. The catch is the same catch. Saraswat markets rewards and pays 500 points for activation and 300 for the first transaction, and then publishes no rate — no points per hundred rupees, no rupee value per point, no category table — so this desk will not price it, will not rank it and will not put it in the calculator. Read it as a travel utility rather than an earner: an airport-free, points-free, ₹0 card that charges you less than everyone else to spend abroad, secured by money you were going to keep on deposit anyway.
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 how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. 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
Saraswat Co-operative 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
- Lifetime free — the bank's own charge table states it for both the joining and the annual fee, and for the add-on card too
- 3.00% foreign currency markup, half a point below India's 3.5% norm
- Backed by a fixed deposit of just ₹6,500 face value, which keeps earning its own interest — the lien covers the principal only
- Credit limit is 80% of the deposit's face value, with a ₹5,000 floor and a ₹25,00,000 ceiling
- Finance charges of 1.25% a month (15% a year) against 2.25%/27% on Saraswat's unsecured card — a lien-backed revolve costs a full point a month less
- No credit history needed; minimum age 18, and the only hard requirement is a term deposit at a Saraswat branch
- EMI conversion above ₹2,500 at 1%–1.25% a month, with no conversion and no preclosure charge
Watch out
- SARASWAT PUBLISHES NO EARN RATE for this card either — no points per rupee, no rupee value per point — so it cannot be valued, ranked or compared, and it is not in the calculator
- The rewards catalogue is closed: recharges, vouchers, merchandise and portal-booked tickets. No airline programme, no hotel programme, no transfer route out
- No lounge access is claimed on the product page, and a RuPay Platinum tier is not a lounge quota — do not read one into it
- Miss the minimum due for 90 days and the bank liquidates the deposit without notice and sets the outstanding off against it
- The deposit is locked while the card lives: no part withdrawals, auto-renewal is compulsory, and the card and the deposit are coterminous
- Not issued against tax-saving deposits, or deposits held by minors, HUFs, companies, trusts, societies or firms; on a joint deposit only the first holder gets the card
- Late payment is ₹150 and paying your bill in cash above ₹5,000 costs ₹125
What these points actually fly
Saraswat Co-operative Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
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.
Direct application — no invite list, no banking relationship required.
At a branch, in person — "To Apply, visit your nearest branch." is the whole route Saraswat publishes, and there is no online application. The gate here is a deposit rather than an income: you must be an Indian resident, at least 18, and hold a Saraswat Co-operative Bank term deposit of at least ₹6,500 face value on a minimum twelve-month auto-renewing scheme — anything except Kar Mukti (tax-saving), Short Term Deposit and minor deposits. The limit is 80% of that face value. No credit history is required, which is the point of the product.
Saraswat Co-operative Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
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 Saraswat Co-operative Bank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 2 of them, each with the day we read it
- official Saraswat's secured credit-card page and its own January 2026 schedule of charges — the lifetime-free line, the ₹6,500 deposit floor and the 3.00% forex markup
- official Saraswat's additional Most Important Terms and Conditions for the secured RuPay card — the lien, the 80% limit, the auto-renewal lock and the liquidation trigger