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 transaction limits in INR for Niyo Global by SBM.

Card Usage Limits

ATM Withdrawal Limits

1 Lakh/transaction
1 Lakh/day
3 Lakh/month
7.5 Lakh/year

Card Swipe Limits

7.5 Lakh/transaction
7.5 Lakh/day
50 Lakh/month
2 Crore/year

Online Payments Limits

7.5 Lakh/transaction
7.5 Lakh/day
50 Lakh/month
2 Crore/year

Tap & Pay Limits

5000 /transaction

  • 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,