I’ve opened account in Equitas Small finance bank by NiyoX at 25.05.2021 .
Till now Visa Debit Card charge are free ( as promised 1st Year Free ).
When Will I be changed for 2nd Year just after 1 Year ( i.e 25.05.2022) or end of 2nd Year ( which is 25.05.2023) ?
I’ve Not maintained ₹5000 AMB in any Month, is there any way to get wiever ( off) 2nd Year Changes as it’s my 12th Month running?
I’ve not used ATM , online usin UPI & IMPS , will my ATM blocked?
Can I block my ATM without impacting other services?
Any suggestions for us?
Hey @Roshan! Let me try to answer all your queries in detail.
Firstly, I would like to request you to check our previous post about NiyoX debit card charges here: Debit card annual fee for new niyox visa platinum card - #11 by Deepak
- You may get charged after the completion of 1 year. Probably, in the first month of the 2nd year.
- Rest assured. The revised AMB is Rs.1000 INR. It’s not Rs.5000 INR.
- As per the banking policy, if the physical card has been activated, you’ll be charged even if it’s unused for your transactions.
- If you are blocking your physical card, you may not be able to make any UPI, PoS, Ecom, or ATM transactions. The account can be used only for fund transfers.
Hope I was able to answer your queries. If this doesn’t help, feel free to reach out to us and we’ll assist you better.
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