Can anyone explain clearly about niyoX zero forex markup and criteria if any and about card amc waiver.
Hey @Chiru! Welcome to Niyo Community!
NiyoX is a savings account in partnership with Equitas Small Finance bank. It offers a Visa Platinum debit card. It can be used as a forex card for your international transactions.
Whenever and whichever country you travel to, you’ll always load INR to your NiyoX account from your Indian personal bank account (ICICI/HDFC/etc) and the same amount will reflect in your NiyoX app. At the time of the transaction (POS/Online/ATM withdrawal) abroad, your INR will be converted to that country’s local currency without any additional currency conversion fee. This conversion will happen based on the live visa exchange rate. For the POS transactions that you make there will be FX adjustments.
Below are the charges you’ll incur:
Cash withdrawal outside India: ₹110 + taxes from 1st International ATM transaction
Balance Enquiry outside India: ₹25 + taxes from 1st International balance enquiry
You may read about the debit card AMC in our previous post here: Important announcement🔊: NiyoX Card Annual Fee for the Second Year
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