What is 007? How is it calculated?

How is the 7% interest rate calculated?

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Hi Pratham,

007 stands for 0% Forex Markup, 0% Commission on your Mutual Fund investments and up to 7%# interest p.a. on your Savings Account balance with Niyo in partnership with IDFC FIRST Bank

  • Only spend what you need to, with 0% Forex Markup on the real-time exchange rate

  • With 0% Commission on your Mutual Fund investments, your money only works for you

  • Enjoy up to 7%# interest p.a. on your Savings Account balance with Niyo in partnership with IDFC FIRST Bank

-> Interest is calculated on the average monthly balance. This is accrued and added
to your account on quarterly basis.

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Sounds great! :heart_eyes:

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