Paisabazaar Partners SBM Bank India to Launch Paisa+ Secured Credit Card
Specifically designed for consumers with limited, poor, or zero credit history, the card enables users to build or reconstruct their credit score effectively.
Users can opt for this card with a minimum fixed deposit investment starting at Rs 2,000, which serves as the collateral/underlying security.
Significance: This product bridges the financial inclusion gap by ensuring thin-file credit profiles gain easy access to formal credit instruments while earning interest on their FDs.
Key Facts / Static GK
SBM Bank India HQ: Mumbai, Maharashtra
Practice Quiz — 1 July 2026
Q1. What is the new revised fee for a standard 36-page adult passport under the Normal application category, effective from July 1, 2026?
Q2. Which automotive aftermarket manufacturer, a division of Tenneco, has appointed Mahendra Singh Dhoni as its National Brand Ambassador?
Q3. What is the coupon rate and maturity period of the Senior Unsecured Floating Rate Notes (FRNs) recently issued by SBI's London Branch?
Q4. Consider the following statements regarding the launch of UPI in Greece: 1. The service was launched through a partnership between NIPL and Eurobank. 2. Greece has become the 10th country to accept UPI in some format. Which of the statements given above is/are correct?
Q5. What is the minimum Fixed Deposit (FD) amount required to open the newly launched 'Paisa+' Secured Credit Card by Paisabazaar and SBM Bank India?
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