Remove lien from FD based card?

31°
Deal Newbie
testinglifey

I have been using a secure card for over a year now.I want to close the FD and keep the card
FD limit is not high ,around 15000
Is it possible to do that

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Deal Subedar Deal Subedar
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Not possible in many banks. I have heard Axis allows it but only on case to case basis.

Deal Subedar Deal Subedar
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Out of interest, has your original FD booking period expired ?

Deal Subedar Deal Subedar
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testinglifey wrote:

FD is set on auto renew will never expire

Do you know if, it is necessary to have the FD condition set to auto-renew to apply for a secured CC?

Deal Subedar Deal Subedar
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When lien is marked on your FD by the bank, the time is auto set to renew even if it is not shown on Fd receipt.. Yu can only release fixed deposit by cancelling & closing the card first.

Deal Subedar Deal Subedar
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teriab33 wrote:

Do you know if, it is necessary to have the FD condition set to auto-renew to apply for a secured CC?

yes, at least in kotak

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