Niyo, SBM bank announce offer for digital savings account

Niyo, in association with SBM Bank India and VISA has announced its offer for a digital savings account with travel-friendly product Niyo Global. Along with zero-forex mark-up, clients can now earn an attractive interest p.a. on the savings account.

Niyo Global which has a legacy of serving over 3,00,000 clients in the last two years, with this latest development aims to simplify foreign exchange spending for global travellers and students besides allowing them to save and earn on their Indian currency.

There is also a plan for rapid expansion in market share by listing partnerships with major travel aggregation organization and OTA’s.

Indian passport holders can now enjoy all the features of Niyo Global card like zero forex markup on car rentals, flight and hotel bookings, live currency conversion, ATM finder on the app etc.

Besides, the account also provides 100 percent digital onboarding, interest p.a. on balances with monthly interest pay-outs, free airport lounge access, UPI features, cheque book and all other premium banking offerings, including domestic and global offers, according to a press release.