Niyo DCB and SBM

Is the 7 lakh limit for TCS separate for niyo dcb and SBM cards? Can I spend 7 lakh separately on each card to avoid the TCS charges?

Hello @AKD! The answer to both of your questions is “YES”.

In Niyo DCB Global the 5% TCS tax charge is incurred along with the transaction amount instantly and it will get refunded to the customer’s account after 12 Business days if they are not exceeding the 7 lakhs international transaction limit.

In Niyo SBM global, the 5% TCS tax is applicable only when your international transactions exceed ₹7 lakh in a given financial year. -WB

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