Canara bank secured credit card

[samaresh18]

I just saw a post of canara bank official Instagram channel to get secured credit card online.
I dont have a canara bank account.
Can anyone try this step and describe all the requirements to get this card.

 

[Anupama_Jha]

Open canara bank savings account.

Make a fd of atleast 34k.

Lien that fd in leu for 25k credit limit.

Steps are already mentioned in video itself

 

[samaresh18]

Open canara bank savings account.

Make a fd of atleast 34k.

Lien that fd in leu for 25k credit limit.

Steps are already mentioned in video itself

I want to know if I make an account today and create fd,then can I apply for the card from next day or I have to wait some time?

 

[Anupama_Jha]

I want to know if I make an account today and create fd,then can I apply for the card from next day or I have to wait some time?

As per video instructions, you can.

But after opening account, you have to wait till debit card delivery to log in canara a1 app or aceess net banking.

 

[anonymuos]

Anyone know, for secured Canara credit card, how much credit limit do they give of the FD amount? 80%? 85%? 90%?

 

[VasukiVasuki is verified member.]

Anyone know, for secured Canara credit card, how much credit limit do they give of the FD amount? 80%? 85%? 90%?

34k giving 25 is
75%

 

[jack333]

I was declined unsecured credit card despite opening account due to overleveraged. Can I get preapproved unsecured in some time if I do an fd. This trick worked for federal

 

[anonymuos]

34k giving 25 is
75%

Yep correct. Their PDF also mentions 75%: https://canarabank.com/UploadedFiles/Pdf/CREDIT CARD POLICY 2023 24 01042023.pdf 1 guy who recently made 115000 FD got 75K limit (which is 65%). So it's between 65% to 75%. OK got it thanks