NEFT transfer limit local

Being a international accounts and global banking, we are in need to transact amount in bulks for paying tution fee, and also in need to liquidate our funds as an alternate.

But if Niyo not providing an option to liquidate more than 1 lakh per day through neft, then how will it work for person like us transacting in bulk

Hey @Baga! Welcome to Niyo Community!

Below are the card and transaction limits for Niyo Global by SBM.

  • The cardholder is allowed to withdraw cash up to ₹1,00,000 per day via ATM and transact up to ₹7,50,000 per day for POS, and ₹7,50,000 per day for ECOM transactions.
  • The cardholder is allowed to transact up to ₹5,000 per transaction using the Tap & Pay contactless payment method on the debit card.
  • The cardholder is allowed to transact up to ₹25,000 per day via UPI
  • The cardholder is allowed to transfer up to ₹1,00,000 per day (per beneficiary), within the cooling period (30 mins), ₹25,000 per transaction

We recommend you use the card for your personal usage within the card limits. However, we’ve duly noted your feedback and it will be shared with our team and see if we can enhance the limits in the future.

Regards,