Dear Saurabh Jain Harish Reddy ,
Congratulations🎉 on the recent launches—both the Smart FD with Unity Small Finance Bank and the FD-backed credit card with Suryoday Small Finance Bank Ltd
Nilesh Raj, I’d like to suggest enhancing the FD-backed credit card by integrating the Smart FD structure. Currently, the full FD is locked, and missed payments result in penalties deducted from the FD.
By applying the Smart FD model (as with a Unity SF bank), the FD can be split, allowing customers to continue earning interest on the unused portion even if a credit card payment is missed.
I believe it could really elevate the product offering and improve customer engagement.
ProductDesign Productenhancement Fintech FixedDeposit Creditcard
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