Hi Dimers, I am planning to visit thailand and came across Niyo global card for forex requirements. Could anyone experienced with this card tell me its reviews and any hidden charges as they say it levies 0 forex charges and no joining or annual fee.
Also do let me know if there is any other product with better features than this?
I have niyo global sbm bank . recently used in dubai
Go for it , hassle free for successful transactions , no extra charges
only problem is declined transaction. My 2 transactions were declined still waiting for refund. other wise its smooth to use. cash withdrawal has 150+gst per transaction
Fi card, one card also good
One card wale call kar rahe hai, bolo kya karun
Be careful of Niyo products in general, bank often gets suspended and locked without a good reason, I had my savings in the bank and after numerous tweets and their community posts, I took all my money out of there. Even saw bad reviews with the Forex card. Just follow this https://community.goniy...m/ or Twitter mentions
I used Niyo card only in Dubai couple of weeks back. It was accepted everywhere. For places where tap to pay didn't work (due to limit on max payment one can do using tap), inserting card and entering PIN worked.
ATM withdrawal was also smooth and no issues.
I would recommend the card. I used to make sure that I only have money I may need (daily), in the Niyo account so as not to keep lot.
I also used it for Loyalty Lounge Access on Mumbai T2 International terminal.
Thanks guys for your reviews. Also what is this 5% tcs collection funda on every transaction and when will I get refund if I dont spend 7 lakhs in the year? Any referal benefits?
bohemian wrote:is Fi Card good?I have niyo global sbm bank . recently used in dubai
Go for it , hassle free for successful transactions , no extra charges
only problem is declined transaction. My 2 transactions were declined still waiting for refund. other wise its smooth to use. cash withdrawal has 150+gst per transaction
Fi card, one card also good
See these similar threads also:
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/seeking-fe...
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/anyone-her...
I use Niyo Global rarely for international travel but use it often for international ecommerce purchases from here which I ship to some relative or friend coming to India. Always got the lowest/best rate.
some1anywhere wrote:See these similar threads also:
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/seeking-fe...
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/anyone-her...
I use Niyo Global rarely for international travel but use it often for international ecommerce purchases from here which I ship to some relative or friend coming to India. Always got the lowest/best rate.
How to get 5% tcs refund?
some1anywhere wrote:See these similar threads also:
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/seeking-fe...
https://www.desidime.com/discussions/niyo-globa...
https://www.desidime.com/discussions/anyone-her...
I use Niyo Global rarely for international travel but use it often for international ecommerce purchases from here which I ship to some relative or friend coming to India. Always got the lowest/best rate.
What about 5% tcs? How to get tcs refund?
rak007 wrote:I used Niyo card only in Dubai couple of weeks back. It was accepted everywhere. For places where tap to pay didn't work (due to limit on max payment one can do using tap), inserting card and entering PIN worked.
ATM withdrawal was also smooth and no issues.
I would recommend the card. I used to make sure that I only have money I may need (daily), in the Niyo account so as not to keep lot.
I also used it for Loyalty Lounge Access on Mumbai T2 International terminal.
What about 5% tcs? How to get tcs refund?
alekhyadas wrote:bank often gets suspendedBe careful of Niyo products in general, bank often gets suspended and locked without a good reason, I had my savings in the bank and after numerous tweets and their community posts, I took all my money out of there. Even saw bad reviews with the Forex card. Just follow this https://community.goniy...m/ or Twitter mentions
Rockstar008 wrote:How to get tcs refund?What about 5% tcs? How to get tcs refund?
Rockstar008 wrote:If your cumulative international transaction is more than 7L. Upto that no TCSSo every transaction will attract 5% and then I have to claim it in my return ?😳
coolboyzhavingfun780 wrote:
If your cumulative international transaction is more than 7L. Upto that no TCS
Ohh so till my cumulative transaction reaches 7L untill that no TCS then on any transaction right?
kukdookoo wrote:
bank often gets suspended
meaning?
and locked without a good reason
why?
I had my savings in the bank
niyo equitas?
equitas didnt help?
Bank account gets locked randomly without a reason and then they ask for multiple proof of income and everything, trust me I had upto 5 lakhs in NiyoX at a point as well due to the good interest amount, but I'm scared of all the tweets and threads I saw in the last 3 months, I don't want to waste my time for some extra interest amount, just some examples
Post one made 3 days 'Account freezon or blocked' - https://community.goniyo.com/t/account-freezon-...
Another post made 8 days ago 'Thank god,I just transferred all amount from niyox. safe now!' - https://community.goniyo.com/t/thank-god-i-just...
No reply to this from Niyo team, they transfer the case to Equitas and asks them to wait. Look at this, they didnt answer the simple question.
Many more such threads - https://community.goniyo.com/t/account-freeze-d...
https://community.goniyo.com/t/my-niyox-account...
https://community.goniyo.com/t/my-niyox-account...
https://community.goniyo.com/t/my-account-got-f...
On Twitter
https://twitter.com/Varun449944/status/15289985...
https://twitter.com/GauravK49135956/status/1488...
https://twitter.com/Saurabh53631108/status/1488...
Even YouTubers made video on this
There's a lot more trust me, I even referred my family members in the app and asked them 3-4 times to confirm whether they have stopped using the money, I just can't take risk as there's no physical location here in WB.
bohemian wrote:I have niyo global sbm bank . recently used in dubai
Go for it , hassle free for successful transactions , no extra charges
only problem is declined transaction. My 2 transactions were declined still waiting for refund. other wise its smooth to use. cash withdrawal has 150+gst per transaction
Fi card, one card also good
Can you tell me regarding 5% tcs?
Rockstar008 wrote:Its tax on foreign tours if you purchase tour packages from tour operators,Can you tell me regarding 5% tcs?
alekhyadas wrote:Paji how can they lock account when they are doing kyc before opening account? Were u doing many transactions in account or some high value entry? @getready @guest_999Bank account gets locked randomly without a reason and then they ask for multiple proof of income and everything, trust me I had upto 5 lakhs in NiyoX at a point as well due to the good interest amount, but I'm scared of all the tweets and threads I saw in the last 3 months, I don't want to waste my time for some extra interest amount, just some examples
Post one made 3 days 'Account freezon or blocked' - https://community.goniyo.com/t/account-freezon-...
Another post made 8 days ago 'Thank god,I just transferred all amount from niyox. safe now!' - https://community.goniyo.com/t/thank-god-i-just...
No reply to this from Niyo team, they transfer the case to Equitas and asks them to wait. Look at this, they didnt answer the simple question.
Many more such threads - https://community.goniyo.com/t/account-freeze-d...
https://community.goniyo.com/t/my-niyox-account...
https://community.goniyo.com/t/my-niyox-account...
https://community.goniyo.com/t/my-account-got-f...
On Twitter
https://twitter.com/Varun449944/status/15289985...
https://twitter.com/GauravK49135956/status/1488...
https://twitter.com/Saurabh53631108/status/1488...
Even YouTubers made video on this
There's a lot more trust me, I even referred my family members in the app and asked them 3-4 times to confirm whether they have stopped using the money, I just can't take risk as there's no physical location here in WB.
kukdookoo wrote:Banks aren't supposed to do even temp account pause/freeze without giving prior notice to the customers. All banks got to do periodic updation of KYC for money laundering reasons (usually every 10 years but the time period becomes lesser if the bank considers anyone to be high-risk customer) and if the user fails to update the kyc, they can freeze and close accounts but what they're (especially neobanks) doing is wrong
Paji how can they lock account when they are doing kyc before opening account? Were u doing many transactions in account or some high value entry? @getready @guest_999
Rockstar008 wrote:TCS deduction only happens on Niyo DCB Global (which you cannot sign up for anyway). The new Niyo SBM Global which is advertised heavily doesn't deduct 5% TCS until you reach 7L spends in a financial year. I switched from DCB to SBM Niyo for this reason alone.Can you tell me regarding 5% tcs?
kukdookoo wrote:
Paji how can they lock account when they are doing kyc before opening account? Were u doing many transactions in account or some high value entry? @getready @guest_999
Banks have all the discretion to suspend/freeze any acc they think is suspicious after following proper procedure to classify a customer/acc as high risk. KYC before opening the acc only verifies the identity of the person not their future behaviour (maybe the person commits some fraud in future or do some money laundering). In the past RBI has fined banks for not doing it properly so nowadays some banks rather not take the risk & suspend the acc before & then investigate later.
guest_999 wrote:paji maan lo i get big amount from friends for some emergency then these banks will freeze account?yeh kya baat hogi pajiBanks have all the discretion to suspend/freeze any acc they think is suspicious after following proper procedure to classify a customer/acc as high risk. KYC before opening the acc only verifies the identity of the person not their future behaviour (maybe the person commits some fraud in future or do some money laundering). In the past RBI has fined banks for not doing it properly so nowadays some banks rather not take the risk & suspend the acc before & then investigate later.
kukdookoo wrote:
paji maan lo i get big amount from friends for some emergency then these banks will freeze account?yeh kya baat hogi paji
Depends on how much big amount we are talking about. If someone transfers 20-30 lakhs into an acc which was opened by declaring 2 lakh annual income then it surely looks suspicious. Same way if such a person makes total debit credit entries of 20-30 lakhs in 2-3 months then also it looks suspicious.
I have opened account with Niyo global and added 5000 and ordered physical card. After ordering I have transfered those 5000 to my account and the balance in Niyo global account is 0. Will it create any issues in card delivery??
