The SBM novio Credit Card is a revolutionary FD-backed RuPay credit card designed to bridge the credit gap for millions of Indians. Issued by SBM Bank India, this card offers guaranteed approval with no credit history or income proof required, making it ideal for students, freelancers, and first-time users. By starting a small Fixed Deposit of ₹2,000, users unlock a credit limit while earning up to 7% annual interest on their RBI-insured savings. This lifetime free card provides instant virtual access and significant rewards on UPI payments.
Overview of SBM novio Credit Card
The SBM novio Credit Card provides a secure and rewarding way to manage finances by combining the growth of a Fixed Deposit with the flexibility of a RuPay credit card.
| Feature | Details |
| Card Type | FD-Backed RuPay Credit Card |
| Issuing Bank | SBM Bank India |
| Minimum FD Amount | ₹2,000 |
| Credit Limit | 90% of the Fixed Deposit amount |
| FD Interest Rate | Up to 7% per annum |
| Fees | Lifetime Free (No Joining or Annual Fees) |
| Card Format | Instant Virtual Card; Physical card at ₹10,000+ FD |
Eligibility Criteria for SBM novio Credit Card
To apply for the SBM novio Credit Card, applicants must meet a few simple requirements to ensure a smooth and guaranteed approval process.
- Nationality: The applicant must be an Indian National.
- Age Requirement: You must be 18 years of age or older.
- Credit History: No credit score is required for application, as the card is backed by a Fixed Deposit.
- Income Documentation: There is no requirement for income proof or employment verification.
- Minimum Deposit: Applicants must be able to open a Fixed Deposit starting at ₹2,000 through the novio app.
Documents Required for SBM novio Credit Card
Applying for the SBM novio Credit Card is a completely digital and paperless process that eliminates traditional documentation hurdles.
- No Income Proof: You are not required to provide salary slips or ITR documents for approval.
- No Credit History: A prior credit score is not necessary as the card is secured by a Fixed Deposit.
- Video KYC (VKYC): A quick identity verification is conducted via a video call within the app.
- Digital Registration: Basic personal details are captured during the in-app registration journey.
Also Read: Secured Credit Cards
SBM novio Credit Card Fees & Charges
The SBM novio Credit Card is positioned as a lifetime free financial product with no hidden costs for the user.
| Fee Category | Charges |
| Joining Fee | ₹0 (Lifetime Free) |
| Annual Fee | ₹0 (Lifetime Free) |
| Hidden Charges | None |
| Interest-Free Period | Up to 45 days |
| FD Interest Earned | Up to 7% per annum (On your deposit) |
Steps to Apply for SBM novio Credit Card
You can get your SBM RuPay credit card instantly by following these simple digital steps.
- Download the novio App: Install the mobile application from the App Store or Play Store to begin.
- Create a Fixed Deposit: Start a small Fixed Deposit (minimum ₹2,000) to unlock your credit limit.
- Complete Video KYC: Finish the quick and enhanced Video KYC journey to verify your identity.
- Receive Virtual Card: Get your virtual RuPay Credit Card issued within a day to start online and UPI spends.
- Physical Card (Optional): If your Fixed Deposit is ₹10,000 or above, you can also receive a physical card.
Track SBM novio Credit Card Application Status
You can easily monitor the progress of your SBM novio Credit Card application directly through the mobile interface where you initiated the process.
- Open the novio mobile application on your smartphone.
- Log in securely using your registered mobile number and MPIN.
- Check the home screen dashboard to view the real-time status of your Fixed Deposit and card issuance.
- Monitor your Video KYC (VKYC) completion status to ensure your virtual card is generated within the expected one-day timeframe.
SBM novio Credit Card Features & Benefits
The SBM novio Credit Card is designed to provide maximum value through a combination of savings, credit building, and high-reward spending.
- Guaranteed Approval: Get a credit card instantly without any income proof or prior credit history requirements.
- High Interest Earnings: Your supporting Fixed Deposit earns up to 7% annual interest and is RBI-insured for safety.
- UPI Reward Power: Earn 10% novio coins on fuel purchases and 5% on all other UPI and store transactions.
- Lifetime Free Access: Enjoy all features with zero joining fees and zero annual charges.
- Credit Score Improvement: Build or repair your financial profile to reach a 750+ credit score through regular use and timely repayments.
- Brand Discounts: Access annual savings of up to ₹23,000 on popular brands including Amazon, Swiggy, Zepto, and BookMyShow.
- Airport Lounge Access: Qualify for free domestic and international airport lounge access by maintaining a Fixed Deposit of ₹25,000 or more.
Also Read: Best Lifetime Free Credit Cards in India
SBM novio Credit Card Customer Care Number
If you need assistance regarding your card, rewards, or fixed deposit, you can reach out to the dedicated help desks.
| Service Entity | Contact Channel | Details |
| novio Support | Helpline Number | 8655900119 |
| novio Support | Email Address | care@novio.in |
| SBM Bank | Helpline Number | 1800 1033 817 |
| SBM Bank | Email Address | customercare@sbmbank.co.in |
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