Necessary for maintaining minimum balance

Necessary for maintaining minimum balance in niyo sbm account

Hey @Amir_Quraishi ! Stay noted that Niyo Global by SBM is a Zero Balance SA. Meaning, you don’t have to maintain any balance.

But on Niyo sbm application show add RS 5000 for ordering niyo global card by sbm.can spend after adding 5000 . Any charges for non maintaining minimum balance

Hey @Amir_Quraishi ! The initial deposit of INR 5,000 is required only for ordering the Niyo Global VISA Signature ‘Tap & Pay’ Debit card. And, there are no non-maintenance charges as Niyo Global by SBM is a Zero Balance SA.

Thanks so much sir for cleaning doubts

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