Payments

AU Small Finance Bank unveils credit card for fixed deposits

December 31, 2024

AU Small Finance Bank, based in India, unveiled its AU NOMO Credit Card. This card used fixed deposits as collateral, enabling customers to build credit and savings, according to a press release.

The credit limit is based on fixed deposits and is designed for those with limited credit histories and documentation.

Other features include:

• Contactless.
• Card liability protection against skimming, fraud.
• Rewards points.
• Surcharge waiver on fuel purchases.