Credit limit = 90% of your FD amount
750+ CIBIL score achievable
Welcome benefits worth ₹5,000+
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Keep your documents ready
PAN card, Aadhaar card, nominee details, and bank account details
Enter your applicant details
Fill in your personal, income, and address information
Create your Fixed Deposit
Start with a minimum FD of ₹2,000 and pay via UPI or net banking
Complete your video KYC
Quick call with
SBM Bank · 9am–11pm.
Enjoy the benefits within 2 days.
Frequently Asked Questions
The FD-Backed Credit Card (FD CC) is a RuPay SELECT credit card backed by a Fixed Deposit with SBM Bank India. Users place a minimum FD of ₹2,000 and receive a credit limit of 90% of that FD value — so a ₹2,000 FD gives a ₹1,800 credit limit. The card is issued by SBM Bank India and powered by Novio, a fintech application by Credilio. Lxme facilitates access to the product for its users.
Both the Fixed Deposit and the credit card are issued by SBM Bank India (State Bank of Mauritius India), a licensed, RBI-regulated scheduled commercial bank. Deposits are insured up to ₹5 lakhs under DICGC. The card management and rewards experience are powered by Novio (Credilio). Lxme's role is limited to facilitating user access — we are not a bank, NBFC, or card issuer.
Lxme works with Credilio as an affiliate partner, giving Lxme users access to the FD CC through a seamless in-app journey. Credilio's platform (novio) powers the application flow and card management. SBM Bank India is the regulated entity that issues the card and holds the FD. Lxme facilitates the product — it does not issue cards, hold deposits, or take any financial risk.
Any Indian citizen above 18 years with a valid PAN and Aadhaar can apply. Users from the following states/UTs are currently excluded:
The minimum FD is ₹2,000, which gives a credit limit of ₹1,800 (90% of the FD). The maximum FD via UPI is ₹1 lakh; up to ₹5 lakhs is accepted via other payment modes. To receive a physical card, the FD must be above ₹10,000. Below that, users get a digital card only, which can be linked to UPI apps for everyday spending.
Users receive a credit limit equal to 90% of their FD value. For example, a ₹5,000 FD gives a ₹4,500 credit limit. The FD itself continues to earn 6.5% p.a. interest throughout the card's tenure, so the user's money is not idle.
The card is lifetime free — there is no joining or annual fee. Other applicable charges:
The journey is entirely digital and happens within the Lxme app:
The digital card is available immediately in the novio app after VKYC approval. Users can link it to UPI apps (PhonePe, Google Pay, BHIM) as a RuPay credit card for everyday payments. The physical card, once received, is activated using the code in the card kit and can then be used across UPI, online, and POS transactions.
₹20,000 is the total value a user can unlock by availing all welcome benefits and ongoing offers available on the card. This is an aggregate figure across all platforms and benefit types — it represents the maximum possible value if a user actively claims every available offer over time.
Welcome and ongoing benefits include:
Lxme's core audience — first-generation women investors including homemakers, business owners, gig workers, and first-time earners — often lack a credit history. This is a structural gap, not a personal failing: many of them have simply never had a formal financial product in their name. An FD-backed credit card is the most accessible entry point into the credit system. It requires no income proof, no prior credit history, and no existing score — just a minimum FD of ₹2,000. At the same time, the FD earns 6.5% p.a. interest, so users grow their savings while building their credit profile.
Every transaction made using the card — whether on UPI, online, or at a point-of-sale — is reported to credit bureaus. Regular, responsible use of the card over time builds the user's CIBIL or Equifax score. This opens the door to better financial products in the future, including unsecured personal loans, higher credit limits, and more competitive interest rates.
