Which bank provides Niyo?
SBM Bank India
Vinay Bagri - CEO and Co-founder - Niyo Solutions Inc.
What is a Niyo account?
NiyoX is a 2-in-1 savings and wealth management account in partnership with Equitas Small Finance Bank and VISA, designed to decode banking for millennials. The core idea is to make banking simple, safe and smart for all. We are decoding banking so you can make informed choices and your money can grow along with you.
As I see, NiyoX primarily offers higher interest rates as compared to Niyo global. Forex charges and other travel benefits are the same for both NiyoX Equitas and Niyo Global.01-Oct-2022
Is Niyo KYC free?
There are no charges for upgrading the account from minimum KYC to full KYC. It's free of cost.07-Apr-2022
There are no transaction charges or any hidden fees. It is ideal for first time investors looking to get started quickly as well as for experienced investors looking for goal-planning and automation. - Get better than FD returns at low risk.12-Dec-2022
Can NRI use Niyo card?
Yes, you can.11-Jul-2022
You can use your card for cash withdrawals and the in-app ATM Locator can come in handy to find one near you.
Is Niyo Global card lifetime free?
Yes, Niyo Global by SBM offers a debit card free for life time and there are no annual charges on it.22-Jul-2022
Niyo Equitas Savings Bank account is a “ZERO” balance account i.e., there is no requirement of maintaining a specified monthly balance. Who all can apply for a Niyo X account? All resident Indians above the age of 18 years can sign up for a Niyo X Account.
Is Niyo Global RBI approved?
The Niyo Global account is insured for up to 5 lakhs under the “Deposit Insurance and Credit Guarantee Corporation (DICGC)”, a wholly-owned subsidiary of the Reserve Bank of India (RBI).
The Niyo Global Card is a zero forex markup smart travel card for the new generation of global travellers that eliminates the major pain points they encounter with handling foreign currency during their travels. It's an INR-based card accepted globally (150+ countries), including India.
What are disadvantages of Niyo Global Card?
Cons:
Open banking platform for business and salary card for employees. Open Account and Complete KYC in 3 minutes. Get a salary credit of ₹20,000 or more. Spend ₹1,200 or more in one shot in the same calendar month. You'll instantly get a scratch card with rewards up to ₹250!
Does Niyo charge for card?
Niyo doesn't charge any fee. Niyo Global is an INR-based card that auto-converts the transaction amount into the local currency at the time of purchase. There's no need to load different currencies. The in-app currency convertor can do the math for you!
The NiyoX International VISA Platinum Debit Card charges are revised w.e.f. 1st September 2022. The charges for a new debit card order, reorder, and renewal will be revised to ₹199 + GST (₹234.82).02-Sept-2022
How do I add Niyo to GPay?
I've linked my Niyo SBM account to Google Pay.Upi not available at Google pay or phone pe
Niyo, in partnership with State Bank of Mauritius (India) Limited and VISA, brings you the Niyo Global card, a ZERO forex markup VISA Signature debit card that's better than the best forex card in India. It is the perfect bundle for Indian students travelling abroad to study.
Is NiyoX debit card lifetime free?
The first card that you order through the NiyoX app will be free and there will not be any AMC (Annual Maintenance Charge) for a year. From the second year, the charges would be 150+GST.
Yes. Neo banks, although do not have a banking license, the money in the customer's account with the neo bank is secure as it is parked with the partner traditional bank that is under strict banking regulations of RBI. Hence, it is safe to open an account and deposit money in neo banks.01-Aug-2022
Does Zerodha allow NRI?
NRIs can trade in both Equity delivery and Futures and Options. However, to trade futures and options, the NRI customer must appoint a custodian and get a 'Custodian Participant' (CP) code. Zerodha has a tie-up with ORBIS for providing custodial services.
Which bank provides Niyo?