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
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Only spend what you need to, with 0% Forex Markup on the real-time exchange rate
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With 0% Commission on your Mutual Fund investments, your money only works for you
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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! 
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