All the information you need to know about the Niyo Global card, which makes it simple to manage payments in foreign currencies while traveling abroad. What is the most effective way to carry cash while traveling abroad? Is it advisable to use Credit or a Debit Card or get a Forex Card? What is less expensive? Lots of questions comes to mind while planning a trip abroad. The advantages of Niyo Global Card are illustrated beneath.
What is a Niyo Global Card?
Niyo Global Card is a INR based international travel card which can be used to make transactions in more than 150 countries without any additional charges. For the new generation of international travelers, the Niyo Global Card is a smart travel card with zero forex markup that removes the main hassles people have while handling foreign currency when traveling.
It combines the finest features of a debit card and a forex card into a single card without any additional fees, and it has the highest acceptance rate for more than 100 different currencies. You can easily manage your account no matter where you are in the world thanks to the integrated Niyo Global app, which also offers a ton of useful features.
Apart from the 0% forex markup, the main feature of the card is that it converts INR to any other currency for you automatically with every purchase. Therefore, the Niyo Global card makes it simple to make a purchase from a foreign website right here in India, regardless of whether you have trip plans or not. Discover the benefits of using the Niyo Global card when traveling abroad. Not only that, but it’s also one of the greatest solutions for outbound students attending foreign colleges and business travelers.
Features of Niyo Global
A 0% forex markup Tap and Pay international VISA Signature debit card is bundled with the Niyo Global account. With so many features, the DIY Niyo Global digital account makes it simple to make payments abroad:
- Visa debit card with zero forex markup
- Add funds in INR using IMPS, NEFT, or UPI.
- Provides services in over 150 nations
- Access to airport lounges is free throughout India
- Savings account with 5% annual percentage yield and monthly interest payments
- Niyo Global app integration for managing cards and accounts
- Instant in-app Local ATM finder in-app currency converter
- Use it to swipe your card at merchants who accept Visa in-person or online
- For contactless payments, use the Tap and Pay card.
- Mobile PIN reset
- Card lock/unlock/block via app
- Utilize an app to control card limits for card payment
- Concierge services (powered by VISA Signature)
- 24/7 in-app chat assistance
- 100% electronic onboarding
- Zero balance account
- Updates on transactions in real time
Service charges for the Niyo Global Card
- Opening an account is free.
- There is no fee to order a real debit card. However, to begin the card order, an initial funding of Rs. 5,000 is needed (amount can be used after placing the card order).
- There are no fees for the ease of converting foreign currencies. All transactions are subject to the VISA exchange rate alone.
- Zero balance account having no fees associated with keeping no balance in the account
- No fees apply when using NEFT, RTGS, IMPS, or IFT to add funds to your account.
Visit the Niyo Global Schedule of Charges for more information.
Who could open an account with Niyo Global?
Are you at least 18 years old and an Indian resident? Do you have access to your Aadhaar-linked mobile number, as well as your PAN, Aadhaar, and passport? Do you need the greatest FX card available in India? Look no further—Niyo Global is the right fit for you if you said YES to each of these questions!
Without going to a bank branch, you can download the Niyo Global App and sign up right now. You have all you need to manage your foreign currency purchases at the best exchange rates.
It should be noted that you can open a Niyo Global account even if you already do business with SBM Bank (India) Ltd.