Top 5 Student Credit Card Providers in Bihar
List of Best Student Credit Cards in Bihar
|Card Name||Cards Type||Joining fee||Annual Fee|
|Bihar Student Credit Card (BSCC) Scheme||education||Nil||Nil|
|HDFC Multicurrency Platinum ForexPlus Chip Card||Rs.500/- plus applicable GST||INR 100/- plus applicable GST|
|SBI Student Plus Advantage Credit Card||Nil||Nil|
|ICICI Bank Student Travel Card||Travel||Rs. 499||Rs. 199|
|HDFC ISIC Student ForexPlus Card||Rs.300||Rs.100|
It is no hidden fact that the years spent in college are some of the best years of one’s life. However, it is in these very years, that a vast majority of students face a constant cash crunch, owing to the fact that they’re primarily dependent on the allowance they get from home. In such circumstances, a student Credit Card can prove to be of great help. Not only is such a card offered without any need for furnishing the proof of income, but is also a great tool to help students understand the nuances of managing credit. Thanks to the comparatively low rate of interest charged on these cards, they prove to be a cost-effective alternative as well!
If you happen to be a student from Bihar, , here are some of the Best Student Credit Cards in Bihar and other States of India that you can avail. With this handy list you can get answer to the most frequently asked queries pertaining to age limit, eligibility, and the interest rate on Students Credit Cards in Bihar. In case you aspire to study abroad, you can apply for Forex Cards.
1. Bihar Student Credit Card (BSCC) Scheme
As the name suggests, this Credit Card is exclusively designed to cater to the students receiving their higher education in Bihar. The scheme was introduced as a measure to encourage the students of the state to pursue higher education, in a bid to raise the Gross Enrolment Ratio of 14.3% to the national average of 24%.
The Student Credit Card in Bihar not only proves to be an excellent tool for students to fund their education but also helps them meet their living expenses, during the course of their studies. With this card, the student who has passed class 12th can avail a loan of up to Rs. 4 Lakhs, which can be repaid, after the completion of the student’s education, once they find a suitable job.
For a student to be eligible to apply under the Bihar Student Credit Card Scheme, they must have a co-applicant, which can be their parents or guardians – who can furnish proof of income, and enjoy stable employment. In addition to this, the student needs to provide the following documents:
- Identity proof of the applicant and co-applicant
- PAN card of the applicant and co-applicant
- Applicant’s mark sheets for 10th and 12th standard
- Domicile certificate of the applicant
- Certificate of admission provided by a higher education institute
- Family income certificate and Form 16
What makes this Credit Card scheme distinct from all others in the nation is the fact that the prerogative of the loan lies with the state government until the student pays it off in full.
Bihar Student Credit Card Eligibility Criteria:
Only Indian students who are residents of Bihar state are eligible to apply for BSCC.
Bihar Student Credit Card age limit is maximum of 25 Years.
Only students of educational institutes located in Bihar are eligible, including students from institutions recognized from Bihar School Exam Committee, Central Board of Secondary Education or Equivalent boards, Institutions recognized by Bihar State Sanskrit Education Board and Bihar State Madarsa Board.
Student should have an Aadhar Card.
Bihar Student Credit Card Eligibility may vary for different card issuers, basis their eligibility guidelines. However the broad criteria are parallel.
PNB Bihar Student Credit Card Scheme extend financial support to intermediate and 12th standard students. They consider students pursuing general courses (non-technical), financial courses and technical courses e.g. B.A., B.Sc., B.Com, Engineering, Management, Medical, Law etc.
You can Apply for Student Credit Cards in Bihar.
2. SBI Student Plus Advantage Credit Card
Known as the ‘Bank of every Indian,’ it doesn’t come as a surprise, that SBI Credit Cards offer one of the most sought-after student Credit Cards in Bihar. The card enables the students to pay for all their purchases in the form of equated monthly instalments (EMIs). It also allows the students to charge up to 2.5% of the fuel surcharge on the card. Yet another feature of the card is its Rewards Program which offers 1 point for every Rs. 100 spent. The rewards points can be later redeemed to pick one of the many gifts offered by the bank’s Reward Catalogues. For what it’s worth, the reward points can also come in handy when the student needs to pay off the credit balance. The card also enables the convenience of dispensing the railway tickets to the student’s doorstep. The interest rate charged on the SBI Student Plus Advantage Credit Card is 2.25% per month.
Credit Cards for Students Studying Abroad:
3. HDFC ISIC Student ForexPlus Card
As indicated by the name, this Credit Card is designed for the students who study abroad. The card enables them to gain access to the currency of their choice- USD, Euro and GBP, as and when required. The card allows for the students’ parents or guardians to deposit the money in the currency of their preference. What makes this Student Credit Card from HDFC truly valuable is the fact that it protects the students’ money from the fluctuation in the exchange rate.
Your ISIC Card provides you global ID that makes you accessible for great discounts on books, tuitions, food, travel, etc.
The Card also extends additional benefits such as free insurance, cash withdrawal facility, instant reloads etc.
4. ICICI Bank Student Travel Card
This is yet another Credit Card that facilities the students studying abroad. The card enables the students to do both, pay for their fees, as well as meet their day-to-day expenses. The card enjoys a tie-up with MasterCard, thus making it convenient for the users to pay using the same, at a wide range of stores that accept MasterCard. As is the case with HDFC Bank ForexPlus Card, even the ICICI Bank Student Travel Card allows students to enjoy preferential foreign exchange rates.
The card can be conveniently topped up by the students’ parents or guardians from India itself. Two of the most imperative benefits of this card include:
- Travel Insurance
- International Student Identity Card’s Membership
5. HDFC Multicurrency Platinum ForexPlus Chip Card
This card from HDFC also allows students from Bihar, and the rest of India to enjoy a comfortable spending experience while studying abroad. The card facilitates access to funds in as many as 22 distinct currencies. It also facilitates transactions through secure gateways as well as through net banking. One of the most crucial benefits of the HDFC Multicurrency Platinum ForexPlus Chip Card is the insurance of up to Rs. 5 Lakhs against accidents and frauds.
When it comes to helping students understand the management of their personal finances, nothing comes quite close to student credit cards thanks to their limited sending capacity as well as low rates of interest. Since the cardholders can always access their payment history, it becomes exceedingly easy for them to understand where does their money go, and how can they exercise control over the same!
These are some of the Best Student Credit Cards in India. Whether you aspire to study abroad or study in Bihar, you can apply for student Credit Card online or offline.
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