How secure is Niyo Global by SBM account?

This Savings account is provided by SBM Bank India and follows all regulatory guidelines issued by the Reserve Bank of India (RBI). To provide protection to depositors, your money is insured up to ₹5 lakhs, covered under 'Deposit Insurance and Credit Guarantee Corporation’, a wholly-owned subsidiary of the RBI.

Additionally, to make your account more secure, you may lock or unlock your card and payment channels depending on its usage.

Here’s how to lock your debit card when not in use. Here’s how to lock and unlock your debit card:

  1. Log in to your Niyo Global by SBM app
  2. Click on ‘Card Settings’
  3. Click on ‘Other locks’

Along with this, you may also use the Wave feature to hide your account balance by just waving your hand over your phone screen. Read more here.