ZET has partnered with DCB Bank to launch the DCB ZET Credit Card, a fixed deposit (FD)-backed credit card designed to help Indians build and improve their credit scores.
FD-backed credit cards are widely recognised as one of the most effective tools for establishing credit history, particularly for individuals new to credit or those rebuilding their financial profiles.
By linking the card to a fixed deposit, customers can enjoy the benefits of a standard credit card while creating a healthy repayment track record, a crucial step toward achieving a 750+ credit score.
India currently has more than 400 million adults with no credit history, leaving them excluded from mainstream financial products like loans and traditional credit cards.
The DCB ZET Credit Card bridges this gap by offering a secure and inclusive entry point into the formal credit ecosystem.
Yash Desai, Co-founder and COO, ZET, said, “Indians are actively seeking simple ways to start their credit score journey. FD-backed cards are 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 aim to make high-trust, accessible credit a reality for millions of consumers across India.”
Damodar Agarwal, Head – Strategic Alliance & Alternate Channels, DCB Bank, added, “The combination of fixed deposit and secured credit card as a credit builder product fulfils an unmet need. We are delighted to ally with ZET to expand financial inclusion and provide empathetic, efficient banking experiences.”
The DCB ZET Credit Card, operating on the RuPay network, can be linked to any UPI app, ensuring seamless digital transactions. Customers can open a fixed deposit starting at Rs 10,000, earn up to 7 per cent annual interest, and use up to 90 per cent of their FD value as their credit limit. The FD is insured by DICGC, ensuring up to Rs 5 lakh in protection.
ZET’s first FD-backed card has already seen 100 per cent of new-to-credit users build a 700+ credit score within 30–45 days of responsible usage, underscoring the model’s success.
The company, backed by investors such as Peak XV, General Catalyst, WaterBridge Ventures, and Nexus Ventures, continues to expand its mission of building a credit-ready India through accessible, tech-driven financial solutions.
Send news announcements/press releases to:
info@b2bmarketmedia.com
