IDBI Bank Miscellaneous Request Form

IDBI Bank Miscellaneous Request Form – Imperium Card

IDBI Bank Miscellaneous Request Form – Imperium Card from Download

Based on the provided document, the Miscellaneous Request Form for Secured Credit Cards is specifically designed for managing the IDBI Bank Imperium Secured Credit Card, which is issued against Fixed Deposits (FDs) (Miscellane… pp. 1-2).

The key actionable points and operational guidelines outlined in the form include:

1. Available Account Modifications

Cardholders can use this unified bilingual (English/Hindi) form to execute four specific actions by ticking the appropriate request (Miscellane… p. 1):

Enhancement of Credit Card Limit: Request to increase the credit limit up to a specified percentage of the linked FD amount (Miscellane… p. 1).
Reduction of Credit Card Limit: Request to decrease the credit limit down to a chosen percentage of the linked FD (Miscellane… p. 1).
Delinking of Fixed Deposit: Request to remove the lien from specific FDs, which triggers a revision of the card’s credit limit based on bank guidelines (Miscellane… p. 1).
Credit Card Closure: Permanently close the primary credit card account along with any active Add-on cards (Miscellane… p. 1).

2. Credit Limit Caps & FD Criteria

Maximum Credit Limit: The recommended credit limit cannot exceed a maximum of 85% of the total linked Fixed Deposit amount (Miscellane… p. 2).
Auto-Renewal Mandatory: All FDs linked to the secured card must be set to Auto-Renewal mode (Miscellane… p. 2).
Repayment Account: The repayment account field for the linked FDs must be kept blank in the bank’s Finacle system (Miscellane… p. 2).

3. Closure Fees & Standing Instructions

Early Closure Charge: If the credit card is closed before completing 1 year from the date of issuance, a closure fee of ₹999 is charged (Miscellane… p. 1).
Lien Release: Upon card closure, the bank releases the lien on the linked FDs, provided there are no outstanding dues left on the card (Miscellane… p. 1).
Automated Cancellations: Closing the card automatically cancels all associated standing instructions (Miscellane… p. 1).

4. Back-End Security & Safe Custody

Lien Marking: The bank marks a formal lien on the entire FD amount (including accrued interest) via ALM using “CCARD” as the reason code until the card is terminated (Miscellane… pp. 1-2).
COD Retention: The Confirmation of Deposit (COD) receipts, duly signed on a revenue stamp by the FD holders, are securely stored in the branch’s safe custody and are not dispatched to the customer upon FD renewal (Miscellane… p. 2).