• ZET and DCB Bank launch RuPay FD backed credit card for new-to-credit users
• Card offers up to 90% credit limit on fixed deposit and earns up to 7% interest
• Card supports UPI payments and rewards, no prior credit history required

Fintech startup ZET has partnered with DCB Bank to launch the DCB ZET Credit Card, a fixed deposit backed RuPay credit card designed for users looking to build or rebuild their credit score. This secured credit card does not require any previous credit history, making it ideal for new-to-credit individuals.

Users can open a fixed deposit starting from Rs 10,000 and get a credit limit of up to 90% of the deposit amount, while still earning up to 7% annual interest on the FD. Deposits are insured up to Rs 5 lakh by the DICGC, ensuring safety alongside accessibility.

Yash Desai, Co-Founder and COO of ZET, said,  that FD backed cards have become a strong entry point for those seeking to build credit and access formal financial services. “This card makes trustworthy, accessible credit a reality for millions”, he added.

The credit card is RuPay powered, enabling UPI based digital payments via popular apps. Users also get reward points for transactions like bill payments, recharges, and voucher purchases. UPI specific rewards are expected to be rolled out soon.

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DCB Bank, with over 465 branches nationwide, sees this partnership as a step toward deeper financial inclusion. Damodar Agarwal, Head of Strategic Alliances at DCB Bank, said “This card addresses a big gap in the market”. 

ZET reported that 100% of its users with no prior credit history achieved credit scores of 700+ within 30-45 days of using its FD backed card responsibly.