How safe niyox bank? Compared to leading private banks. How can trust?
Hey @Hanumanth8719! Welcome to Niyo Community!
Niyo is partnered with Equitas Small Finance Bank and has launched NiyoX to provide the best banking services.
This Savings account is provided by Equitas Small Finance Bank and follows all regulatory guidelines issued by the Reserve Bank of India. Your money is insured for up to ₹5 lacs covered under 'Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the Reserve Bank of India. This is to provide a measure of protection to depositors.
Niyox is totally unsafe because their partner bank does customes accounts freeze without any reason and our money stuck for long time. We can’t use our money. They are providing worst banking service.
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