SBM Novio Credit

Partner Reward

• FD ₹2,000 – ₹4,999: Earn ₹400
• FD ₹5,000 – ₹9,999: Earn ₹850
• FD ₹10,000 – ₹24,999: Earn ₹1,300
• FD ₹25,000 – ₹49,999: Earn ₹1,750
• FD ₹50,000 and above: Earn up to ₹3,000

Referral incentives are credited after the card is activated and the eligibility criteria are fulfilled.

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How the Referral Process Works

Step 1: Share Your Referral Link

Send your unique referral link to friends, family, or eligible customers interested in obtaining a secured credit card.

Step 2: Complete the Application

Guide the applicant through the following steps:

• Open the referral link.
• Enter their mobile number.
• Verify the mobile number using the OTP received.

Step 3: Install the Novio App

Ask the customer to download the official Novio mobile application through the Skyworlds app referral link and complete the registration process.

Step 4: Register an Account

The applicant should:

• Create an account using their mobile number.
• Fill in basic personal details.
• Provide PAN information for identity verification.

Step 5: Complete Identity Verification

Applicants may be required to complete KYC and eligibility verification using:

• PAN Card
• Aadhaar details
• Other verification methods requested by the platform

Step 6: Create a Fixed Deposit

The Novio Credit Card is backed by a Fixed Deposit (FD). The customer must open an eligible FD before the credit card can be issued.

The referral payout depends on the FD amount selected.

Step 7: Receive the Credit Card

Once the Fixed Deposit is successfully created and verified, the customer becomes eligible to receive the secured RuPay credit card, subject to approval.

Step 8: Activate and Use the Card

After receiving the card, customers can:

• Link it with supported UPI applications.
• Make online and offline purchases.
• Use it for everyday spending.
• Earn rewards on eligible transactions.

Customer Eligibility

Applicants generally should meet the following requirements:

• Indian resident
• Minimum age of 18 years
• Eligible to create a Fixed Deposit
• Aadhaar-linked mobile number
• Valid identity documents for KYC

Approval remains subject to internal verification and eligibility checks.

Product Overview

The Novio Credit Card is a secured credit card linked to a Fixed Deposit. Instead of relying primarily on income or credit history, the card is issued against an FD, making it suitable for customers looking to build or improve their credit profile while enjoying digital payment convenience.

Key Customer Benefits

Easier Eligibility

Since the card is secured by a Fixed Deposit, approval may be easier for customers who have limited credit history.

Ideal for New Credit Users

Suitable for:

• First-time credit card applicants
• College students
• Freelancers
• Self-employed individuals
• Customers with limited credit history

Digital Convenience

• Simple digital application process
• Secure card management through the mobile app
• UPI-compatible spending on supported platforms

Credit Building

Responsible usage and timely repayments can help customers establish or strengthen their credit profile over time.

Common Reason for Rejection

Applications may not qualify if:

• The required Fixed Deposit is not successfully created.
• Identity verification is incomplete.
• Mandatory KYC documents are missing or incorrect.
• The applicant does not meet the platform’s eligibility requirements.

Ideal Customer Profile

This credit card is best suited for:

• Individuals applying for their first credit card
• Customers with low or limited credit history
• Students beginning their financial journey
• Freelancers and self-employed professionals
• People looking to build or improve their CIBIL score
• Users who prefer a secured credit card backed by a Fixed Deposit

Referral Best Practices

• Explain that the card is issued against a Fixed Deposit.
• Help applicants choose the appropriate FD amount.
• Ensure all KYC information matches official documents.
• Encourage applicants to complete the registration and verification process without delay.
• Follow up until the Fixed Deposit is created and the card is successfully issued.