15 reasons why Niyo Global is the best card for Indian students studying abroad

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Studying abroad is an exciting milestone everyone looks forward to. Once you’ve done the groundwork and gotten accepted to join a university abroad, there are a few things to consider: handling international currencies, how not to fall prey to the ever-fluctuating conversion charges and the bunch of fees associated with international transactions, and so on.

Niyo, in partnership with State Bank of Mauritius (India) Limited and VISA, brings you – Niyo Global, a unique INR-based interest-earning savings account complete with a ZERO forex markup VISA Signature debit card is the perfect bundle for Indian students travelling abroad to study. Since Niyo Global is on the VISA network, it works anywhere a VISA debit/credit card is accepted.

While discussing the problem statement Niyo is trying to address with this latest Niyo Global offering, Sai Sankar, Business Head – Global at Niyo shares: 

“A student travelling abroad for higher education incurs a lot of expenses like university fees, accommodation payments, living expenses, etc. With Niyo Global by SBM, we are looking at providing a single platform that would take care of all these requirements. Moreover, whenever money is transferred through the traditional channels from back home in India, students usually have to wait for 3-4 days before they receive it. With our Niyo Global card, it’s an instantaneous transfer! This is extremely helpful especially when there is an immediate requirement. Moreover, with the app, it is easy to track all the expenses in one place. With advanced card controls, students need not worry about any misuse of the card.”

Travel and study abroad made easier with Niyo Global

Niyo Global aims to make your banking needs for travel, study, and beyond a smooth and hassle-free experience. With this interest-earning savings bank account, you can load your account in INR (Indian Rupees) and spend in the local currencies of over 150 countries. This means you don’t have to worry about carrying wads of cash while travelling or rush to the bank to get a traveller’s cheque or anything of the kind.

A few of the most compelling features of Niyo Global include:

  • Zero Forex Markup Card 
  • Complimentary airport lounge access (domestic & international)
  • Concierge services (Powered by VISA Signature)
  • 5% Interest P.A.* on savings account
  • Integrated Niyo Global app
  • Real-time in-app currency converter
  • In-app ATM locator
  • Works at VISA-accepting merchants in 150+ countries

If you are a student planning to study abroad, the Niyo Global student travel card is your best companion. All you have to do is download the Niyo Global App and you can onboard yourself right away.

Why is Niyo Global the best international student travel card?

Niyo Global is a full-fledged DIY savings bank account, supported by a light and fast mobile app with cool features such as:

  1. ZERO forex markup: To facilitate making payments in a foreign currency, a forex markup fee is usually charged by a bank on top of the transaction amount when you make an international transaction. This VISA Signature Debit Card, however, comes with zero forex markup. That’s right, Niyo Global does not charge you anything for this convenience, and only VISA exchange rates apply. This is extremely cost-efficient especially while managing big-ticket transactions like flight bookings, paying tuition fees, etc.
  2. Accepted by merchants in 150+ countries: You can load your Niyo Global card in INR before you travel, or even while you are in a foreign land. Niyo Global auto-converts the INR amount to the local currency of the country you are in. It can be used to pay at VISA-accepting merchants in 150+ countries, and even to make international purchases right from India. What’s more? It’s a digital account with a unique account number and IFSC code and there are NO charges to load your account at any time via NEFT/IMPS/RTGS.
  3. Complimentary airport lounge access: Having a VISA Signature card means you travel in luxury with the comforts of the airport lounge access both in domestic and international terminals across India. Check out more details about the VISA Airport Lounge Access Program
  4. 100% digital onboarding and KYC: The Niyo Global App ensures seamless account opening without having to rush to the bank to fill up confusing paperwork. You can do it from the comforts of wherever you are. You just need to download the Niyo Global App and follow the simple steps to get your hands on the best international travel card for Indian students.
  5. Instant account opening: The light and fast Niyo Global App ensures quick account opening so you can dedicate more time to plan other aspects of your travel and study. Your digital debit card gives you the freedom to start using your account immediately for all online transactions without waiting for your physical card to arrive. Please note, depending upon the city you live in, the card would get delivered within 15 days of placing an order.
  6. Zero balance savings account: It’s not mandatory to maintain a specified monthly balance at any time and we promise not to charge you for that. However, it’s a good practice to maintain at least an INR 10K balance so that you can use your card at any time. 
  7. Up to 5% interest P.A.* on account balances: In stark contrast to the traditional forex cards, your account balance here earns interest and continues to grow while you travel with the perks of Niyo Global.
  8. In-app Currency Convertor: This gives you a real-time currency rate so there are no surprises later. Note: VISA Exchange Rates are applicable on all transactions.
  9. In-app ATM locator: In case you need cash in the desired local currency during travel, this handy tool can help you find the nearest ATM wherever you might be in the world.
  10. Real-time tracking: To help you keep track of your funds, all your transactions are always listed in the local currency and updated in the app each time you spend somewhere. 
  11. Enhanced security: The Niyo Global app brings you enhanced security through the Lock/Unlock/Block Card features. To add to the safety and security of your chip and PIN card, the app lets you temporarily lock your entire card or just some channels to control your transactions. You can even block your card permanently in case it gets stolen or you accidentally lose it. 
  12. Zero fund transfer fees: Your fund transfers via NEFT/RTGS/IMPS do not attract an additional fee. You can make these transactions at any time from anywhere.
  13. VISA Signature Debit Card: This Tap and Pay card facilitates contactless payments with zero forex markup and comes with Airport Lounge Access and Concierge Service (Powered by VISA Signature). 
  14. 0% commission mutual fund investments: During the Niyo Global onboarding, a Niyo Money account is created for you with no additional efforts and you can choose to import your existing investment portfolio and start investing in mutual funds, stocks & ETFs, and more, whenever you want!
  15. 24×7 in-app support: You never have to worry about your account. Should you need assistance, you can use the in-app support 24×7. 

Exclusive offers

The VISA Signature card brings unique offers and discounts for your car rentals, flight bookings, hotel bookings, etc. at zero markup! Apart from the complimentary airport lounge access at domestic and international terminals across India, the card comes with exclusive discounts and offers for all your lifestyle, health, and F&B needs.

Load in INR and use ANYWHERE in the world

This is by far one of the best and the most unique features of Niyo Global. Students are always on the go. So whether you are in class, out grocery shopping, hiking, biking, running, or travelling, the app lets you load your account in INR from anywhere at any time via NEFT/RTGS/IMPS from any other Indian bank account.

If you’d like to, you can of course, load your account with cash while you are in India, by visiting any of the SBM Bank branches in New Delhi, Mumbai, Hyderabad, Bangalore, Chennai, and Ahmedabad (coming shortly).

Once loaded, you can use your account to make transactions at POS, online, fund transfers, etc. in local currencies of over 150 countries, including India. 

This is by far one of the best and the most unique features of Niyo Global. Students are always on the go. So whether you are in class, out grocery shopping, hiking, biking, running, or travelling, the app lets you load your account in INR from anywhere at any time via NEFT/RTGS/IMPS from any other Indian bank account.

If you’d like to, you can, of course, load your account with cash while you are in India, by visiting any of the SBM Bank branches in New Delhi, Mumbai, Hyderabad, Bangalore, Chennai, and Ahmedabad (coming shortly).

Once loaded, you can use your account to make transactions at POS, online, fund transfers, etc. in local currencies of over 150 countries, including India.

Once loaded, you can use your account to make transactions at POS, online, fund transfers, etc. in local currencies of over 150 countries, including India. 

Niyo Global Pro Tips  

Dynamic currency conversion

Dynamic Currency Conversion is a fee charged by merchants who offer customers an option to pay in their home currencies (in your case, INR). This is at times higher than 7% of your total transaction amount. We would always recommend you to spend in the local currency of the country you are visiting. This will help to minimize the charges on your transactions.

ATM/POS terminal

Your Niyo Global card works everywhere VISA goes and that applies to withdrawing cash at all ATMs in the VISA network. The nifty ATM locator in your Niyo Global App will help you locate one near you. While making digital transactions is the best way to get the most out of your account, oftentimes it is necessary to have cash in local currency on hand. It is important to note that cash withdrawals and balance enquiries at ATMs attract a small fee (Check details below).

Limits on transactions

The Niyo Global card can be used for domestic and international contactless payments at POS, cash withdrawals or balance enquiries at ATMs, and for online transactions. Your VISA Signature Debit Card comes with certain limits on daily transactions such as:

CategoryDaily Limits
ATM cash withdrawalINR 1,00,000
POS TransactionContactless paymentsINR 7,50,000INR 5,000/Transaction
Online TransactionsINR 7,50,000
Fund Transfers
Within cooling period (30 minutes)INR 25,000
Outside cooling periodINR 5,00,000

Customers speak

“Niyo Global card has been very convenient for my sister who studies abroad & she highly recommends I get one for myself too. The best part about this card is that my parents can transfer money at any point in time, most importantly without any markup. So, you end up saving on the university fees as well. With 24*7 in-app support you know that help is always a simple message away. In simple words, this is the best card one can have while travelling abroad to study.” – Varanya

“I’m currently pursuing Masters in Management from SKEMA Business School, Paris. Getting a Niyo Global card was hassle-free. While I was in India, I used it to pay the fee for the GMAT Online Exam and the advance for my accommodation in Paris. Travelling in France is expensive. Renewing my monthly transport pass via Niyo Global Card is as convenient and easy as can be. Groceries and daily needs are an unavoidable expense and would have burned a hole in my pocket without this card. My journey here would have been much more expensive if I had not opted for the Niyo Global Card.” – Akash

Niyo Global card can be yours today

Are you 18+ years old? Do you plan on travelling abroad to study? Do you have a PAN and Aadhaar number? If you answered YES to all of these questions, Niyo Global, the best international travel card, is the perfect match for you!

Download Niyo Global App now and onboard right away. It’s all you need to take care of spending in foreign currency at the best possible rates** while studying abroad.

* * *

Schedule of Charges

Terms and Conditions

*For savings account balance up to ₹2 lakhs, an interest rate of 3.5% per annum shall apply. For incremental balance above ₹2 lakhs up to ₹5 lakhs, an interest rate of up to 4% per annum and for an incremental balance above ₹5 lakhs, an interest rate of up to 5% per annum would be applicable for the number of days the incremental balance is maintained. Interest is calculated on the daily end of the day balance and applicable interest as per slab is applied.


**VISA exchange rates applicable on all transactions

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