In a groundbreaking move to empower individuals with limited or no credit history, ZET, a leading fintech platform, has partnered with SBM Bank India to introduce a unique FD-backed credit card. Announced on May 28, 2025, this collaboration aims to make financial inclusion a reality for millions of Indians by offering a secure and accessible way to build credit scores.
The SBM ZET Credit Card is a secured credit card backed by an RBI-insured Fixed Deposit (FD), ensuring 100% approval without the need for income proof or prior credit history. This innovative product is designed to help users improve their credit scores in as little as 30 days, opening doors to better financial opportunities.
Powered by the RuPay network, the card supports seamless transactions through any UPI app, making it a versatile tool for daily payments. Additionally, users can enjoy rewards and discounts on brand vouchers and in-app transactions, adding value to their financial journey.
With an FD securing the card, users are protected with deposits insured up to ₹5 lakhs, providing peace of mind. This partnership addresses a critical gap in the market, as a good credit score remains essential for accessing superior financial products, yet many Indians struggle with low or no credit ratings.
ZET, known for helping over 5 lakh Indians improve their credit scores, continues to innovate with this flagship product. The company emphasizes ease of use and security, requiring a one-time SIM binding via SMS to activate the card and prevent fraud.
This collaboration between ZET and SBM Bank India marks a significant step towards financial empowerment, particularly for first-time borrowers. As the fintech landscape evolves, such initiatives are poised to reshape how Indians access and build credit.
Maria Lourdes
