All you need to know about how the Niyo Global card works and makes it easy to handle payments in foreign currency while travelling internationally.The rising globalisation has brought the world much closer than ever. With more and more people travelling abroad for work, study and leisure, personal banking solutions have significantly upgraded over the past decade. To facilitate this rising need for convenient and cost-effective banking solutions, Niyo global is one of the most trustworthy international travel cards used by thousands of people. This post talks about various Niyo Global Card benefits, associated features, spending limits, and how to open a Niyo digital account.
What is Niyo Global Card?
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.
Niyo offers the best acceptance rate for 100+ currencies and the perfect combination of benefits of a debit card and a forex card put together in a single card without any extra charges. The integrated Niyo app lets you manage your card on the go, along with a whole lot of nifty features so you can effortlessly manage your account no matter where you are in the world. Additionally, there are many other Niyo Global Card benefits that make it perfect for international travel. The best part of the card, apart from the zero forex markup, is that you never have to worry about converting INR to any other currency; the card does it automatically with every purchase! So whether you plan to travel or just want to make a purchase from an international site right here in India, the Niyo Global card gets the job done easily. Find why the Niyo Global card is the best travel card during international travels. Not just that, it’s one of the best options for a business travel card, and outbound students heading to international universities.
Features of Niyo Global Card
The Niyo card account comes with a zero forex markup Tap and Pay international VISA Signature debit card. The DIY Niyo digital account is feature-packed to make payments in foreign currency a breeze: Most of these features are the Niyo Global Card benefits that set it apart from the rest.
- Zero Forex Markup Card with VISA exchange rate
- Add money in INR via IMPS/NEFT/UPI
- Works in 150+ countries
- Complimentary airport lounge access across India
- 5% Interest p.a.* on savings account with monthly interest payout
- Integrated Niyo Global app to manage card and account
- Real-time in-app Currency Convertor
- Niyo In-app nearby ATM locator
- Use for card swipe at stores or online with VISA-accepting merchants
- Tap and Pay card for contactless payments
- Reset PIN on the go
- Lock/Unlock/Block card via app
- Manage card limits on payment channels via app
- Concierge services (powered by VISA Signature)
- 100% Digital onboarding
- Zero balance account
- Real-time transaction updates
- 24×7 Niyo Global Card customer care
Charges for Niyo Global Card
- There are no Niyo Global card charges for opening an account
- No charges for ordering a physical Niyo Global Card. However, an initial funding of ₹5,000 is required to initiate the card order (the amount can be used after placing the card order). Apart from that, the user doesn’t have to pay any other Niyo Global card charges.
- No charges for the convenience of foreign currency conversion. Only the VISA exchange rate applies to all transactions.
- Zero balance account with no charges for not maintaining any balance in the account
- No charges for adding money to your account via NEFT/RTGS/IMPS/IFT
For more details, refer Niyo Global Card Charges and Schedules of Charges.
Charges for Niyo Global Card
- There are no Niyo Global card charges for opening an account
- No charges for ordering a physical Niyo Global Card. However, an initial funding of ₹5,000 is required to initiate the card order (the amount can be used after placing the card order). Apart from that, the user doesn’t have to pay any other Niyo Global card charges.
- No charges for the convenience of foreign currency conversion. Only the VISA exchange rate applies to all transactions.
- Zero balance account with no charges for not maintaining any balance in the account
- No charges for adding money to your account via NEFT/RTGS/IMPS/IFT
For more details, refer Niyo Global Card Charges and Schedules of Charges.
What is zero forex markup?
One of the prominent questions many users have is if there are any Niyo Global card charges for foreign exchange. While making payments in a foreign currency with any credit/debit card, usually a fee is charged by the card-issuing bank on the total transaction amount to provide the convenience of currency conversion. Niyo Global card comes with zero forex markup, meaning we don’t charge you anything for this convenience. This works out extremely cost-efficient for all transactions involving foreign currency, like flight bookings, paying tuition fees, dining out, shopping, etc. That is why many people prefer using the Niyo Global card for international transactions, PoS, online international shopping and paying for hotel accommodations, tuition fees, etc., as there are no Niyo Global card charges paid by the cardholder.
What is VISA exchange rate?
It’s the rate at which VISA converts money from one currency to another when a card is loaded with money in a different currency. Rate applies to the date the transaction is processed by VISA, which may differ from the actual date of the transaction.
Don’t let the questions stop you from enjoying the amazing benefits of Niyo. If you have any other questions, a quick call with Niyo Global Card customer care can help you get the right solution.
Spending limits on Niyo Global card
The Niyo Global card comes with generous spending limits to suffice any global traveller’s needs.
| Category | Limits |
| Account Top Up | No limit |
| Card Limits | |
| Card Swipe | ₹7.5 Lakhs/transaction |
| ₹7.5 Lakhs/day | |
| ₹50 Lakhs/month | |
| ₹2 Crores/year | |
| Online Transactions | ₹7.5 Lakhs/transaction |
| ₹7.5 Lakhs/day | |
| ₹50 Lakhs/month | |
| ₹2 Crores/year | |
| ATM | ₹1 Lakh/transaction |
| ₹1 Lakh/day | |
| ₹3 Lakhs/month | |
| ₹7.5 Lakhs/year | |
| Contactless | ₹5,000/transaction |
| Fund Transfer Limits | |
| Within cooling period | ₹25K/transaction |
| (30 mins) | |
| Fund transfer | ₹1 Lakh/day |
| (per beneficiary) | |
| UPI Limit | |
| ₹25K/day | |
Who can open a Niyo Global account?
Are you a resident Indian 18+ years old? Do you have your PAN, Aadhaar, Passport, and access to your Aadhaar-linked mobile number? Are you looking for the best forex card in India? If you answered YES to all of these questions, look no further, Niyo Global is the perfect match for you!
You can download the Niyo App and sign up right away without having to visit a bank branch. It’s all you need to take care of spending in foreign currency at the best possible rates.
Note: You can open a Niyo Global account even if you are an existing customer of SBM Bank (India) Ltd.
Steps to open a Niyo Global account
Opening a Niyo Global account through the app is quick, easy and 100% digital. Just follow these simple steps:
- Download the Niyo Global App for Android or iOS
- Enter your Mobile number and validate it by entering the OTP you receive on your mobile number
- Enter your Email address and validate it by a Single Sign-on or by entering the OTP you receive on your Email ID
- Enter your PAN
- Enter your Aadhaar number and fill in the OTP received on your Aadhaar-registered mobile number to complete your Aadhaar-based KYC
- To confirm your identity, we will make sure your PAN and Aadhaar details match
- We check for valid CKYC entries with your PAN and Aadhaar details. If found, you can continue
- Enter your passport File number (usually found at the bottom of the address page or last page of the passport)
- Your passport number is verified
- It’s selfie time! Capture your live photo
- Update your Personal Details
- Select your Communication Address (where you want your card to be delivered)
- Add a Nominee. (Make sure it’s someone you trust)
- Accept the Terms and Conditions, and your account will get created instantly
Why Trust Niyo Global for Your International Travel?
International trips are undoubtedly exciting, but they can quickly become nightmares if you are unprepared for financial surprises. Thankfully Niyo Global can be your trusted companion on all your international trips. Whether you are planning to visit one country or multiple, Niyo should be your trusted banking partner. You can load your local currency in the Niyo Global account from your bank account and spend that money in local currencies in more than 150 countries. As Niyo works on the Visa network, it is widely accepted across many countries, so you don’t have to worry about facing any financial problems. If you want to pay for shopping, food, flights or hotels, Niyo got you covered. So if you have any upcoming international trips make sure you get yourself a Niyo Global card.
Niyo is undoubtedly a beneficial travel card for frequent travellers and students studying and living abroad. It not only helps you avoid common foreign exchange fees, but it is a great way to keep a tab on your expenses when travelling abroad and also enjoy the countless benefits like free airport lounge access, concierge services and 5% Interest p.a.* on your savings account. So if you are planning your international trip, or plan to study abroad, remember to apply for a Niyo Global Card.
