How can students who go abroad for education continue to use Niyo Global card?
Since Niyo doesn’t support NRO accounts yet.
By FEMA regulations, such students are considered NRIs the moment they move abroad ( there’s no duration of stay mentioned by RBI but since the intent is to stay abroad for a longer duration i.e. duration of study that’s what matters.)
Could someone clarify?
Niyo has many pages on its website dedicated to now it’s good for international students. How does this not violate FEMA?
I would be heading abroad in the next months for work commitments. I thought I have to close all Niyo global accounts before I go out. How are students allowed to keep it?