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Niyo Solutions launch the Niyo Global card in partnership with Equitas Small Finance Bank. It is a premium high-interest digital savings account offering up to 7% interest on your savings and zero forex markup charges on international transactions throughout the world.

If you are someone who travels frequently for business trips, goes on international vacations, or has moved abroad for higher studies, the Niyo Global card provides convenient and affordable ways to handle international payments in more than 130 currencies.

Foreign travelers generally pay high surcharges and fees on transactions when abroad; however, with the Niyo Global card’s zero forex markup feature, they can save up to 5% every time they use the card for payments. You can save a lot of money throughout your foreign stay. That’s not all, you can also use the card to purchase products from international merchants right from India without any hassles. All merchants that accept VISA cards accept the Niyo Global card.

Niyo Global Card by Equitas Bank main image

Niyo Cards Feature
(4.5/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Travel |

Reward Type

Reward Points

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

NA

Reward Redemption

NA

Travel

Load card in INR and make payments in more than 130 currencies worldwide at zero forex markup charges, global ATM locator, and Currency Converter for live forex rates

Domestic Lounge Access

Yes

International Lounge Access

No

Golf

NA

Insurance Benefits

Get insurance cover worth Rs. 5 Lakhs by Deposit Insurance & Credit Guarantee Corporation (DICGC), an RBI subsidiary

Spend-Based Waiver

NA

Rewards Redemption Fee

NA

Rewards Redemption Fee

NA

Foreign Currency Markup

Nil

Interest Rates

Nil

Fuel Surcharge

NA

Cash Advance Charges

Domestic ATM withdrawal charges - 3 free withdrawals per month and Rs. 21 plus taxes from the 4th withdrawal onwardsInternational ATM withdrawal charges - Rs. 110 plus taxes

  • Zero forex markup fees on international transactions
  • Load in INR and make international payments in more than 130 currencies
  • Accepted in over 150 countries by all merchants that accept Visa cards
  • Earn up to 7% interest rate p.a. on your savings
  • User-friendly mobile app with global ATM Locator and Currency Converter tool to check live forex rates
  • Complimentary airport lounge access at international terminals in India
  • Real-time security and card balance updates
  • Get 2500 Niyo Coins worth ₹250 as bonus for every successful referral of the Niyo Global card

Niyo Global Card – Features and Benefits

The Niyo Global card is exclusively offered to Indian passport holders who have a Niyo Global digital savings account. You can earn up to 7% interest per annum on your savings account balance. The forex card is available in both a physical as well as virtual variant. The virtual card, however, allows only online domestic transactions. Proceed with ordering the physical Niyo Global card that can be used to make card swipes for in-store purchases, domestic and international online transactions, ATM withdrawals worldwide, and airport lounge access at international terminals in India.

Here is detailed information about the features and benefits of this card:

Zero Forex Markup Charges

Cardholders do not have to pay any extra charges for the convenience of making payments in foreign currencies. You just pay the Visa exchange rates that apply to your international payments.

No TCS on spends abroad up to ₹7 lakh

International travelers can now easily spend up to ₹7 lakh without worries of paying Tax Collected at Source (TCS). However, any spends above this threshold will attract TCS as per the latest announcements.

Swift card delivery in 2-3 days

The Niyo Global account opening process is entirely online and takes very less time and you get an instant virtual card for domestic online payments. The bonus is that the Niyo Global Card gets delivered within 2-3 days!

High Interest Rate on Savings

Cardholders can get a high 7% interest per annum on their savings balance.

User-Friendly Niyo Global App

The Niyo Global card comes with the best-in-class application for your smartphone along with the card. The app has many smart features to help international travelers throughout their travel abroad.

  • Nearby ATM Locator – You can travel with minimum cash in your pockets as the Niyo Global application allows you to locate ATMs near you anywhere in the world, in India or abroad. You can withdraw foreign currency easily for any immediate needs.
  • Live Currency Converter – The application has a real-time currency conversion tool so that you know accurate conversion rates and do not end up overpaying for any purchases while traveling.
  • 24/7 Customer Support – Emergencies can take place anytime, and the Niyo Global app provides you with 24/7 chat support to handle your issues.

Travel Benefits

  • Complimentary Lounge Access – Make your travels comfortable and peaceful with complimentary airport lounge access at international terminals in India.
  • Exclusive Customized Deals – Based on your location, you receive exclusive offers. You can avail the benefits of these offers made just for you and save as much money as you can while travelling.
  • Global Coins – An exclusive rewards program that offers cashback in the form of Global Coins on both your domestic spends as well as referrals. You can unlock these coins when you make international spends and redeem them for cash directly into your savings account.
  • Instant Cash – Get access to instant credit up to ₹5 lakh within the Niyo Global app and use it for any immediate needs during your travels. Pay interest only if you use it and when you use it.

Security Features

  • Real-Time Updates – You can check out real-time updates of your card balance, transactions, and much more.
  • Lock-Unlock-Block Card – You can temporarily lock/unlock the entire card or individual payment channels that you don’t use very often. Also, if you ever lose your card, you can permanently block it to maintain your account safety.
  • Manage Card Limits – Keep your digital savings account in control by adding limits on withdrawals, locking payment channels such as card swipes, online payments, and more.
  • Insurance Cover – The money in your Niyo Global account up to Rs.5 lakh is covered by the Deposit Insurance & Credit Guarantee Corporation (DICGC), an RBI subsidiary.

Referral Bonus

Refer the Niyo Global card to your family members and friends so they too can avail of  its benefits. For every successfully converted referral, you both get exciting 2,500 Global Coins (worth ₹250).

Eligibility Criteria for Niyo Global Card

The eligibility requirements and other criteria for the Niyo Global card are quite simple.

You must be an Indian citizen of 18+ years of age with a valid Aadhaar, PAN card, and an Indian Passport to open a Niyo Global digital savings account and get a Niyo Global Card.

How to Apply for the Niyo Global Card

You can follow these simple steps to get a Niyo Global Card:

  • Download and install the Niyo Global application on your smartphone
  • Use your Aadhaar, PAN, and Indian Passport to complete the KYC process.
  • Once your account is up and running, you get an instant virtual Niyo Global card that will allow you to make online domestic transactions.
  • No initial deposit is required for the Niyo Global Equitas product. Order a physical Niyo Global card, which will be delivered in just 2 – 3 days.

Niyo Global Card – Fees and Charges

The following fees and charges apply to the Niyo Global Card –

  • There is no joining fee for the card
  • There is no annual fee for the card
  • There is zero forex markup on international transactions with the card
  • There is no fee for adding money to your card
  • International ATM withdrawal charges – Rs. 110+ GST
  • Domestic ATM withdrawal charges – 3 free withdrawals in a month and Rs 21+GST from the 4th withdrawal
  • TCS is exempted on international spends up to Rs. 7 Lakhs in a financial year, and 20% TCS is applicable beyond Rs. 7 Lakhs

Niyo Global Card – Transaction Limits

The Niyo Global card has certain limits on transactions as follows –

POS and E-Commerce Transactions

Transaction Category Limit
ATM Withdrawal Rs. 1 Lakh
Fund Transfer during the Cooling Period Rs. 25,000
Fund Transfer after Cooling Period Rs. 5 Lakhs
POS and E-Commerce Transactions Rs. 7.5 Lakhs

Conclusion

If you are someone who frequently travels abroad, then you must be wary of the fact that international transaction charges can take a huge toll on your wallet. The fees and surcharges on foreign currency payments are quite high, and the Niyo Global card is the perfect choice for international travelers from India.

The card offers zero forex markup charges, and you can handle payments easily for more than 130 foreign currencies. Moreover, the Niyo Global digital savings account offers a high 7% interest on your savings. The Niyo Global card offers exclusive travel benefits like complimentary lounge access and customized offers during your travels. And its smartphone application offers best-in-class security and other convenient smart tools.

The eligibility requirements for the Niyo Global card are minimal, and if you frequently travel abroad from India, you should definitely consider getting this card for yourself. Let us know in the comments if you plan on getting the Niyo Global Card for yourself.

FAQs:

You must be an Indian citizen of 18+ years of age with a valid Aadhaar, PAN card, and an Indian Passport to open a Niyo Global digital savings account and get a Niyo Global Card.
z
There are certain limits on transactions with the Niyo Global card –
  • ATM Withdrawal – Rs. 1,00,000
  • Online Transactions – Rs. 7,50,000
  • POS Transactions – Rs. 7,50,000
  • Fund Transfer within Cooling Period – Rs. 25,000
  • Fund Transfer after Cooling Period – Rs. 5,00,000

4 Comments

  1. Pawan Indora Reply

    Is there any Niyo card which provides free airport lounge access Internationally.?

    • Kartik Kanwar Reply

      No, you can only access international terminals within India. No lounge access is provided abroad.

  2. Anonymous Reply

    Hi Ankur,
    There is no customer care phone number available on Niyo Website. How can we contact them over phone ?

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