Have you ever heard of a credit card made only for students? If not, then you’re about to discover something genuinely different. The Bihar Student Credit Card is designed to help students achieve financial independence while pursuing their education. It is simple, easy to apply for, and doesn’t require heavy paperwork or proof of high income. For young learners turning 18, this card can be the first step into the world of money management, responsibility, and long-term credit building.
What is the Bihar Student Credit Card?
The Bihar Student Credit Card emerges as a financial tool designed explicitly for students eager to manage their own expenses. It operates like a standard credit card but has rules that are more student-friendly. Instead of requiring a salary slip or a guarantor, it comes with an FD-based security system.
It may be used to settle tuition, laptop and book purchases, hostel charges, online course registration, or any small day-to-day costs a person wishes to undertake. Besides convenience, the most powerful feature of the card is that it helps young students start building their CIBIL score early enough, which is extremely important for future financial opportunities.
Key Features of the Bihar Student Credit Card
- Specifically designed for students.
- Easy to apply, less paperwork.
- No need for high salary proof.
- Available from the age of 18.
- Works nationwide, not just in Bihar.
- Helps build a good CIBIL score.
- Backed by a small FD for safety.
Eligibility Criteria
- Minimum Age: 18 years old.
- Education Requirement: Must be enrolled in a recognized school, college, or professional course.
- Residency: Students in Bihar are the primary target, but any Indian student can apply with FD.
- Income Proof: Not needed, FD acts as security.
Application Process
- Visit the official site/bank branch with partner banks.
- Fill out the form online/offline.
- Submit Aadhaar, PAN, Voter ID.
- Any one admission letter, student ID, or Proof of deposit of FD amount.
- Verification: It would be processed. Issued Credit card: 7-10 working days
Fixed Deposit (FD) Requirement
The most unique feature of the Bihar Student Credit Card is the security of an FD (Fixed Deposit). Rather than asking for salary slips, guarantors, or any such complex income papers, only a small FD needs to be opened, generally around ₹5,000. It is kept as security in the bank. Depending on this deposit, you can avail a credit limit of up to 90%. In simple terms, you can have approximately ₹4,500 available through your credit card.
However, the FD does not go to waste; it continues to earn bank interest, allowing you to enjoy credit while also increasing your savings. FD is safe as long as you pay your bills on time and continue earning interest in the bank. But if you do not repay for a long time, the bank may recover its dues from that FD.
That’s why students must view it as a responsibility, not a free opportunity. Thus, the fundamental benefit of the FD system is that it’s student-friendly; it’s inexpensive, safe, and instills financial discipline. With such a meager deposit, a student can ‘experience’ the ‘world’ of credit cards and gradually ‘build up’ his or her profile.
Benefits of the Bihar Student Credit Card
- Easy to Get: Minimal documents required.
- Low Entry Barrier: A simple FD deposit is required.
- Dual Advantage: FD grows + credit access.
- Builds CIBIL: Repaying your loans improves your credit profile.
- Student Independence: Spend without depending on parents.
- Nationwide Usage: Accepted online and offline.
Impact on CIBIL Score
Repayment is the heart of the Bihar Student Credit Card:
If you repay on time:
- Positive CIBIL score.
- Banks trust you for bigger loans later.
- Eligibility for personal, home, or car loans improves.
If you don’t repay
- Late fees and interest charges.
- CIBIL score drops sharply.
- Banks may use FD to recover dues.
- You may receive legal notices if your dues are not paid.
What Happens if You Don’t Repay?
Failing to repay your Bihar Student Credit Card bills can result in severe consequences. Initially, you will face late payment fees and high interest on outstanding amounts. If you continue to delay, your credit report will show missed payments, which lowers your CIBIL score.
Once your score drops, banks will hesitate to approve even small loans or credit cards in the future. The fixed deposit you made will also be at risk. Banks are allowed to liquidate your FD to recover dues if bills are not paid for an extended period.
In some cases, students may also receive reminder messages and official notices from the bank, requesting that they settle their outstanding dues. Ignoring such notices may escalate the matter, and the default can be reported to recovery agencies.
Beyond financial loss, defaulting also damages your credibility. Even simple facilities, such as EMI-based purchases or online credit services, may be rejected in the future.
That’s why it’s always better to pay on time. Even if you cannot pay the full bill, at least pay the minimum due. This way, your FD remains safe, your CIBIL score doesn’t suffer much, and you maintain a healthy financial record.
Why Students Should Consider This Card
- Perfect first step toward financial independence.
- Safer than traditional loans.
- Provides an opportunity to learn about money management at an early age.
- Flexible use for education + daily life.
- Helps create a foundation for future credit needs.
Example Story
Rehan Hashmi, an 18-year-old student, applied for the Bihar Student Credit Card with a ₹5,000 FD. He got a ₹4,500 credit limit. He used the card to pay the exam fees and purchase study materials. By repaying on time for a year, his CIBIL score improved. Later, he easily secured a personal loan for higher education.
Education Loan vs. Bihar Student Credit Card
| Feature | Education Loan | Bihar Student Credit Card |
|---|---|---|
| Security | High collateral | Small FD |
| Approval Time | Weeks/months | 7–10 days |
| Usage | Strictly education | Flexible usage |
| Repayment | Long EMIs | Monthly bills |
| CIBIL Impact | Slow | Quick, with repayment |
Apply Now
👉 Apply Now for the Bihar Student Credit Card
Risks and Precautions
- Don’t overspend beyond your means.
- Always repay before the due date.
- Avoid unnecessary ATM withdrawals (extra charges apply).
- Monitor FD maturity and billing cycle closely.
- Treat the card as a responsibility, not a source of free money.
FAQs
Q1. Is it only for Bihar students?
No, any Indian student can apply with FD.
Q2. What is the minimum age?
18 years.
Q3. What if repayment is missed?
Late fees, CIBIL drop, FD recovery, and possible notices.
Q4. Does FD earn interest?
Yes, your FD grows while being secure.
Q5. Can the credit limit be increased?
Yes, by increasing the FD amount.
Final Thoughts
Although the very smart initiation of financing through students, an FD as little as ‘locks’ spending power and interest income, and building a strong credit history, there is, however, one thing that will be more important than all others: repayment. Timely repayment of your FD helps maintain a strong CIBIL score, which enhances your financial future. For an 18+ student, it’s a significant step closer to achieving absolute economic freedom.
