Is Niyo converted to a zero balance savings account?

Recently I logged in from the idfc first bak app to see it mentions the Niyo account as “Niyo zero bal savings post IPV” which effectively means that this account has now removed the minimum balance condition of Rs. 10000/-.

Niyo has not confirmed this yet, but I would live to see them market this as a zero bal a/c. Anyways with most of there in -app functionality complete not working it’s perhaps obvious to offer a zero balance account instead to reduce complaints!

What do you guys think and are we getting a confirmation from Niyo?

Hi hkandoi,
Niyo had confirmed it long time back.
You’ll get the official confirmation from posts around sept. 2020. Rest assured, it is a zero balance account.