Hey Supratim! Welcome to the Niyo Community! Please note the limits for NiyoX accounts are as follows:
For a Minimum KYC Account (Biometric pending):
► You can transfer upto ₹2000 per day within the first 72 hours of your account opening(with a maximum transaction count of 5 per day).
► You can transfer upto ₹5000 per day after the first 72 hours of your account opening(with a maximum transaction count of 10 per day).
► The monthly outward fund transfer limit is a maximum of Rs.20,000 for biometric pending accounts.
► Cooling period for any new beneficiary is 30 Minutes
► Quick Transfer, without adding beneficiary, is not applicable for minimum KYC customers
For a Full KYC Account (Biometric done):
► The cooling period for any new beneficiary is 30 Minutes
► Post the cooling period of 30 minutes, for the first 24 hrs the transfer limit is ₹30,000/- for a new beneficiary
► Quick Transfer limit is ₹20,000/- per day at an account level
► Maximum NEFT limit – ₹2,00,000 per transaction.
► Minimum of ₹2,00,000 & Maximum RTGS limit – ₹10,00,000 per transaction.
The Platinum Debit Card comes at an annual fee of ₹150 + GST. The current promotional offer is live till 31st March 2022 and waives your 1st year’s annual fee. Currently, there is no charge for an online transfer. For ATM withdrawals, below are the charges you’ll incur:
ATM withdrawals at metro locations (other Bank ATMs): 3 FREE per month
ATM withdrawals at non-metro locations (other Bank ATMs): 5 FREE per month
Charges beyond free limits of ATM withdrawals: ₹21 + taxes per transaction
Cash withdrawal outside India: ₹110 + taxes from 1st International ATM transaction
Balance Enquiry outside India: ₹25 + taxes from 1st International balance inquiry.
Hope this answers all your queries. Cheers! LK
