Student Credit Card
Under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints.
This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India.
Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme.
A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in this portal.
Dear students,
We had promised you sometime back that our government would provide credit card facility to our students to help them pursue higher education more easily. You will be happy to know that we have kept our word. The State Government is happy to launch the STUDENT CREDIT CARD project, which will henceforth cover...Read More
Hon'ble Chief Minister
The priority of Government of West Bengal, led by our visionary Chief Minister Mamata Banerjee is providing Quality Education to the students of our state. She dreams of restoring the glory of Bengal, when we used to lead our country in the fields of Arts and Culture, Science and Technology, Commerce and Industries. To achieve this dream, our students need to be trained...Read More
Hon'ble Education Minister
Much like any other credit card application, you can apply for student credit cards online and offline. The student credit card application, when made offline, can be tedious and time-consuming.
It requires you to visit the financial provider’s branch in person. Meet with a representative who will guide you on how to apply for credit card with them. If you pass the eligibility criteria, and have the necessary documents, fill the application form and you will receive your student credit card in a few days.
On the other hand, you can get credit cards for students online as well. The student credit card apply process, when done online is convenient and quick. Just fill the student credit card online form, upload the supporting documents, and you are done. Keep reading to know how to apply for a student credit card online.
Follow the steps below to apply for a student credit card online –
The student credit card eligibility criteria are as follows –
Since the students cannot present any income proof or salary slips, the student credit card documents needed are as follows –
With this, students can get a credit card in India in no time. Further, we have shed some light on the features and benefits of student credit cards that you need to know. Having these insights will encourage you to make an informed decision.
The unique student credit card features are as follows –
The benefits of college students having credit cards are as follows –
A student credit card is quite an affordable financial instrument for college-going students. As explained earlier, the student credit card has no annual fee. Nevertheless, this depends on the financial institution that issued you the card. So, get in touch with the issuer and check whether they offer no fee student credit card.
Moreover, the student credit card limit is minimum (up to Rs. 15,000), and the card is valid for five years. The limit is set to a minimum so that students do not overspend and get themselves into debt from a young age.
The credit card offers for college students are designed in a way that is beneficial to them and makes managing finances fun and easy. Along with this, the issuers in India also offer some of the best credit card deals for students.
Typically, the student credit card rewards involve cashback and discounts that help students save a fortune. Students can enjoy special discounts on movie tickets and events, fuel surcharge waivers, free airport lounge access, interest-free ATM withdrawals, and more.
The student credit card offers reward points that can be used to redeem coupons and merchandise on the issuer’s reward catalogue.
While a credit card is the most convenient instrument that gives you quick access to funds, it needs to be handled carefully, especially if you are a student. The student credit card safety can be attained by following a few simple tips given below –
In case the card gets stolen or blocked, contact your student credit card customer care and raise a concern immediately.
