Current Context: On 23 September 2026, SBI Card launched the FD-backed Advantage SBI Card on SBI YONO. Customers who hold a fixed deposit with State Bank of India can apply for a secured credit card through a paperless digital process.
Key Points:
- How it works: The customer’s SBI fixed deposit serves as security for the credit card.
- Where to apply: Eligible customers can complete the application through the SBI YONO platform.
- Application process: SBI Card describes the journey as fully digital and paperless; the application can take about 10 minutes.
- Available variants: SBI Card ELITE, SBI Card PRIME, SimplyCLICK SBI Card and SimplySAVE SBI Card.
- Who may benefit: Customers who are new to credit or want to build a credit history can apply using their deposit as security.
- Purpose: The launch makes secured credit cards easier for SBI deposit holders to access without a branch-based paper application.
- Card terms: The minimum eligible FD amount, credit limit and charges should be checked for the selected variant before applying.
Question
Q1. Which platform allows SBI fixed-deposit holders to apply digitally for an Advantage SBI Card?a) BHIM
b) SBI YONO
c) Bharat Connect
d) DigiLocker
Answer: b) SBI Card launched the paperless application facility for its FD-backed Advantage SBI Card on SBI YONO.
