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Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

SBM Novio

SBM Novio Credit Card is an FD-backed RuPay credit card offered by SBM Bank in partnership with Novio. It is designed for first-time credit card users, students, freelancers, self-employed individuals, and anyone looking to build a credit score without income proof or an existing credit history. The card offers guaranteed approval against a Fixed Deposit along with rewards on UPI, fuel, and everyday spends.

Great Rewards
Wide Acceptance
100% Digital & Secure

Eligibility Criteria

Applicant must be an Indian resident.
Age: 18 Years & Above.
Minimum Fixed Deposit: ₹2,000.
No Income Proof Required.
No Existing Credit History Required.
Students, Freelancers, Self-Employed, Salaried Individuals Can Apply. 

Features & Benefits

Fixed Deposit Starting From ₹2,000.
Credit Limit Up To 90% of FD Amount.
Earn 10% Novio Coins on Fuel Purchases.
Earn 5% Novio Coins on UPI Transactions.
Earn 5% Novio Coins on Store Purchases.
Welcome Benefits Worth ₹5,000+.
Save Up To ₹23,000 Per Year Through Partner Offers.
Instant Virtual Credit Card Issuance.
Physical Card Available Based On FD Slab.
Link Card With UPI Apps For Daily Payments.
Helps Build & Improve Credit Score. 

Fees & Charges

Joining Fee: Nil (Lifetime Free)
Joining Fee: Nil.
Annual Fee: Nil (Lifetime Free).
Interest-Free Period: Up To 45 Days.
Finance Charges: 3.5% Per Month (42% p.a.).
Forex Markup Fee: 2.49%.
Cash Withdrawal Charges: 2.5% or ₹300 (Whichever Is Higher).
Late Payment Charges: Up To ₹499. 

Documents Required

PAN Card
Aadhaar Card
Mobile Number Linked With Aadhaar
Bank Account For FD Creation
Selfie & Video KYC
No Salary Slip Required
No ITR Required. 

FAQs

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You can start with a Fixed Deposit of ₹2,000.

Yes, there is no joining fee and no annual fee.

Yes. Income proof and salary slips are not required.

Up to 90% of the FD amount can be provided as the credit limit.

Yes, the RuPay card can be linked with supported UPI apps. 

Terms & Conditions

Credit Card is issued against a Fixed Deposit maintained with SBM Bank.
FD continues earning interest while linked to the card.
Card limit can be increased by adding additional FDs.
Reward redemption is available through the Novio app.
Approval is subject to KYC verification and bank policies. 

Apply for SBM Novio

Get instant approval with zero paperwork and exclusive partner rewards.

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Card At A Glance
Joining Fee Nil (Lifetime Free)
Annual Fee Free
Rewards Fixed Deposit Starting From ₹2,000.
Best For Shopping & Lifestyle
Network Visa / RuPay
Card Type SECURED CREDIT CARD