Which Bank tied up with Niyo?
ICICI Bank
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.
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.
Withdraw cash from ATMs worldwide While the Niyo Global international debit card is accepted by all VISA-accepting merchants worldwide, there might be occasions where you might need money in cash. You can use your card for cash withdrawals and the in-app ATM Locator can come in handy to find one near you.
Who is the owner of Niyo?
Vinay Bagri
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
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).
Yes, Niyo Global by SBM offers a debit card free for life time and there are no annual charges on it.22-Jul-2022
Can NRI use Niyo card?
Yes, you can.11-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.
What is Niyo salary account?
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!
Open salary account online with NiyoX in just a few simple steps:
How do I deposit money into Niyo?
Do you want to invest in our zero-commission mutual funds? Or do you want to deposit money in your savings account? You can visit your nearest Equitas Small Finance Bank branch and deposit cash into your savings account or you can also deposit cash through ATM Machines at some selected ATM centers. Hope this helps.22-Jun-2021
You should be able to link your Niyo SBM account details to any third part UPI apps like PhonePe, Google Pay, Paytm. For any further help, reach out to our in-app Live Chat Support.10-Mar-2022
Can I transfer money from Niyo card to bank account?
So no matter whether you study in one country or you are enrolled in off-campus courses that require you to spend each semester in a different country, your Niyo Global card will come in handy, not to mention you/your folks back home can transfer money to your account in INR without having to worry about converting it
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!
Is Niyo and NiyoX same?
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
Real-Time Currency Conversion As we can see Niyo provides a better rate via Visa. We lock the exchange rates when we load a forex card. This rate can increase/decrease from the time we get a travel card and finish our travel.
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
Is NeoBank legal in India?
"Currently there is no specific regulation of digital banks/neo bank in India. All Neo Banks in India are currently working as a marketing platform with traditional banks," says Kapil Banwari, Founder and CEO, Fyp, a neo bank.16-Mar-2022
Which Bank tied up with Niyo?