When is Savings interest paid?

I have been using NiyoX Savings account for 5 months now, and I’m yet to receive interest payment on my Savings balance. NiyoX was advertised as 7% interest for ₹ 1+ lakh and 3.5% for <₹1 lakh savings balance, but when exactly is it paid, shouldn’t it be quarterly?

Yes, it is paid quarterly.

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Weird. Why am I not receiving the interest paid in that case?

Hey @DrAesthetic ! The interest credited now looks like this in your NiyoX app

Credit_Interest

Are you sure the interest is not yet credited? Maybe check the transaction list, further use the filter tool available on the top right corner of the app. Then, select ‘All’ and in categories, select ‘Interest’ and click on Apply.


If you still don’t find any interest credited to your account, feel free to reach out to our In-App chat support team where you’ll be connected to our customer support officer. We promise to pick up the issue from there.

Regards,

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