ZET, India’s leading credit score builder platform, and DCB Bank today announced the launch of the DCB ZET Credit Card, an FD-backed credit card designed to help Indians improve their credit score.

FD-backed credit cards are globally recognised as one of the most effective tools for building one’s credit score. These are especially useful for individuals new to credit or those rebuilding their credit history. By linking the card to a fixed deposit, customers can enjoy the benefits of a regular credit card while building a healthy repayment track record, a critical step in achieving and sustaining a 750+ credit score.

The need for such products in India is immense. According to data from one of the country’s leading credit bureaus, as of 2022, over 400 million Indian adults had no credit history. Without a credit footprint, most Indians often find themselves excluded from mainstream financial products such as personal loans, home loans, and even competitive credit card offerings. This presents a vast opportunity to empower more individuals with financial inclusion. The DCB ZET Credit Card, which does not require an existing credit history, helps bridge this gap by providing a safe and reliable way for Indians to build and improve their credit score.  

DCB Bank brings to the partnership a pan-India presence and deep institutional credibility. As of 30^th June 2025, the Bank operates 465 branches across the country, serving approximately 2.5 million customers and leveraging modern digital infrastructure to support retail, SME, agriculture, and inclusive banking segments. Its branch network spans across multiple states and union territories, ensuring reach in both urban and semi-urban markets.

By combining this widespread banking footprint with ZET’s tech and credit score-building expertise, the DCB ZET Credit Card aims to deliver accessible, high-trust credit solutions to millions of consumers across India. The card operates on the RuPay network and can be linked with any UPI app, ensuring a seamless experience for digital payments.

Commenting on the launch of the card, Yash Desai, Co-founder and COO, ZET said, “Indians are actively seeking simple ways to start their credit score journey. FD-backed cards are proving to be a powerful enabler, giving people access to the formal financial system while helping them steadily build a strong credit profile. With DCB Bank as our partner, we are confident that the DCB ZET Credit Card will take this mission further by making high-trust, accessible credit a reality for many more consumers across India.”

Damodar Agarwal, Head Strategic Alliance & Alternate Channels, DCB Bank Ltd., said, “The combination of fixed deposit and secured credit card as a credit builder financial product, fulfils an unmet need. DCB Bank is delighted to ally with ZET in this combination of bank and fintech. We share a similar mindset, to enable financial inclusion for Indians by creating a pathway for formal sources of credit along with empathetic and efficient banking experience and attractive fixed deposit interest rate.”   

ZET’s existing FD-backed credit card has already shown strong results, with 100% of new-to-credit users building a 700+ credit score within 30 to 45 days of responsible usage. This track record underscores the impact FD-backed cards can have in accelerating financial inclusion and credit readiness in India. With ZET, users get a detailed analysis of their credit report with personalised recommendations to consistently improve and maintain their credit score.

Unlike unsecured credit cards that require a strong credit score and income proof, the DCB ZET Credit Card has no such prerequisites. To get started, customers simply need to open a fixed deposit with DCB Bank, starting at just ₹10,000.

The DCB ZET Credit Card allows users to enjoy up to 7% p.a. interest* on their fixed deposit, while using up to 90% of the deposit as their credit limit, combining savings growth with responsible credit access.

Also Read: Why Paying the Minimum Due Can Hurt Your Credit Score Goals? 

Customers can top up their fixed deposit anytime up to ₹5,00,000 through the ZET app. The fixed deposit is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India, which provides deposit insurance up to ₹5 lakh deposit amount. In addition to earning interest on their fixed deposit, customers also enjoy rewards on in-app transactions such as voucher purchases across 80+ brands, phone recharges, electricity bill payments, and more. ZET is also gearing up to introduce UPI-specific rewards, further enhancing the value of everyday spending.