Benefits:
1. Position the product as an FD-backed secured credit card.
2. Highlight 20X rewards on IOCL fuel spends.
3. Explain credit limit will be 80% of FD amount.
4. Inform about joining/annual fee and milestone waiver condition.
5. Guide customer through smooth digital KYC joumey.
Whom to sell?
1. Customers who regularly fill fuel at Indian Oil (IOCL) petrol pumps.
2. First-time credit card users looking to build credit history.
3. Customers with low or no CIBIL score.
4. Customers rejected for unsecured credit cards.
5. Customers willing to create a Fixed Deposit of ₹15,000 or more.
6. Salaried, self-employed, housewives and retired individuals with savings.
How it works?
1. Customer enters PAN and mobile number.
2. OTP venfication is completed.
3. Customer selects FD amount (minimum ₹15,000),
4. Indian Oil Axis secured card is selected.
5. Aadhaar KYC and personal details are completed.
6. FD is booked and lien marked in favour of Axis Bank.
7. VKYC is completed.
8. Card is approved and dispatched.
Terms & Conditions
1. Card issued against Fixed Deposit (minimum ₹15,000).
2. Credit limit will be 80% of FD amount.
3. FD will remain lien-marked till card closure.
4. Existing Axis credit card holders are not eligible.
5. Delinquent Axis customers are not eligible.
6. Benefits and fee waiver subject to Axis Bank terms.
7. Platform payout applicable only after successful card dispatch.