I know you are closed INVEST THE CHANGE…But wht about the money that added to INVEST THE CHANGE…I had nearly 90 add rupees… where is it gone???
Hey @Drmaris07! Welcome to Niyo Community
Currently, ITC (invest the change) has been stopped.
Let me try to explain how the ITC is designed to work.
Each time you spend some funds, your spare change is set aside which then gets invested in a mutual fund of your choice. 'Invest the Change (ITC)’ allows you to round up all your spending (food orders, cab fares, subscriptions, fund transfers etc.) made with your NiyoX account to the next 10, 50, or 100 and save the spare change.
To give you an example, if you spend ₹215 for a cab ride and have opted to round up your purchases to the next 50, you would have a spare change of ₹35 that will start collecting towards your investment pool. With subsequent purchases, as spare change keeps getting accumulated and reaches ₹100, the amount will get automatically deducted from your NiyoX savings account and get invested in the mutual fund scheme you would have chosen earlier.
In ITC, the roundoff change does not get debited from your account until the minimum value is Rs.100. So do not worry about the change that accumulated in your investment pool. It’s just an imaginary amount.
Thank you for your explanation…Are you people trying to bring it back?
We do not have any near plans to bring that back. However, we’ve noted your interest @Drmaris07 and we will let you know if there are any updates.
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