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SBI Card Launches FD-Backed Secured Credit Card 'Advantage SBI Card' on YONO

26 September 2026National

SBI Cards and Payment Services Limited (SBI Card) launched a fully digital journey on State Bank of India's YONO platform letting eligible customers apply for the 'Advantage SBI Card', a fixed deposit-backed secured credit card, in about 10 minutes. The facility was inaugurated by SBI Chairman Challa Sreenivasulu Setty, with SBI MD Ashwini Kumar Tewari and SBI Card MD & CEO Salila Pande present. It spans four variants — SBI Card ELITE, SBI Card PRIME, SimplyCLICK and SimplySAVE — with the fixed deposit acting as collateral, giving customers with little or no credit history a route to formal credit.

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SBI Card was set up in 1998 as a JV between SBI and GE Capital and is headquartered in Gurugram, Haryana | Salila Pande is MD & CEO of SBI Card | SBI was constituted on 1 July 1955 and is headquartered in Mumbai

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