What is Niyo Global

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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 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. 

It has the best acceptance rate for 100+ currencies and the perfect combination of benefits of a debit card and forex card put together in a single card without any extra charges. The integrated Niyo Global 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.

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

The Niyo Global account comes with a zero forex markup Tap and Pay international VISA Signature debit card. The DIY Niyo Global digital account is feature-packed to make payments in foreign currency a breeze:

  • 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
  • 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)
  • 24×7 in-app chat support
  • 100% Digital onboarding
  • Zero balance account
  • Real-time transaction updates
Charges for Niyo Global Card
  • No charges for opening an account
  • No charges for ordering a physical debit card. However, an initial funding of 5,000 is required to initiate the card order (amount can be used after placing the card order).
  • 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 Schedule of Charges

What is zero forex markup?

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 for providing 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.

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.

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
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 Global 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 the 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:

  1. Download the Niyo Global App for Android or iOS
  2. Enter your Mobile number and validate it by entering the OTP you receive on your mobile number
  3. Enter your Email address and validate it by a Single Sign-on or by entering the OTP you receive on your Email ID
  4. Enter your PAN 
  5. Enter your Aadhaar number and fill in the OTP received on your Aadhaar-registered mobile number to complete your Aadhaar-based KYC
  6. To confirm your identity, we will make sure your PAN and Aadhaar details match
  7. We check for valid CKYC entries with your PAN and Aadhaar details. If found, you can continue
  8. Enter your passport File number (usually found at the bottom of the address page or last page of the passport)
  9. Your passport number is verified
  10. It’s selfie time! Capture your live photo
  11. Update your Personal Details
  12. Select your Communication Address (where you want your card to be delivered)
  13. Add a Nominee. (Make sure it’s someone you trust)
  14. Accept the Terms and Conditions and your account will get created instantly
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