Devaluation Niyo Global to charge annual fees.

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With effect from 1st July 2025, an Annual Fee of ₹423 + GST shall be applicable on your SBM Niyo Global Debit Card if you have completed one year as of July 1, 2025.

Please note that the annual fee of your card may be waived in case the average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account no. ending XX2893 and SBM Niyo Fixed Deposits (principal amount), during the three months preceding the anniversary month.

Details are as follows:

For customers completing 1 year on or before July 31, 2025: The Debit Card Annual Fee may be waived subject to combined average balance of Rs. 5,000 or more being maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period April 1, 2025, to June 30, 2025.

For customers completing 1 year between August 1 – August 31, 2025: The Debit Card Annual Fee may be waived subject to combined average balance of Rs. 5,000 or more being maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period May 1, 2025, to July 31, 2025.

Similarly, for subsequent months: The annual fee may be waived if a combined average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the preceding three months.

 

[aravb]

There it goes... the last zero balance acc with ltf debit card. Sad truly. was the best acc for students..

If there is any other bank acc with 0 mab and ltf debit card please reply to this message.

 

[althafvly]

There it goes... the last zero balance acc with ltf debit card. Sad truly. was the best acc for students..

If there is any other bank acc with 0 mab and ltf debit card please reply to this message.

You can get LTF virtual card + 0 amb with indus delite.

 

[Strange]

With effect from 1st July 2025, an Annual Fee of ₹423 + GST shall be applicable on your SBM Niyo Global Debit Card if you have completed one year as of July 1, 2025.

Please note that the annual fee of your card may be waived in case the average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account no. ending XX2893 and SBM Niyo Fixed Deposits (principal amount), during the three months preceding the anniversary month.

Details are as follows:

For customers completing 1 year on or before July 31, 2025: The Debit Card Annual Fee may be waived subject to combined average balance of Rs. 5,000 or more being maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period April 1, 2025, to June 30, 2025.

For customers completing 1 year between August 1 – August 31, 2025: The Debit Card Annual Fee may be waived subject to combined average balance of Rs. 5,000 or more being maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period May 1, 2025, to July 31, 2025.

Similarly, for subsequent months: The annual fee may be waived if a combined average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the preceding three months.

Are they gonna consider 5000 fd to waive off the debit card amc?

 

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Are they gonna consider 5000 fd to waive off the debit card amc?

Y e s

 

[Strange]

Y e s

So ₹5000 fd created for Niyo SBM FD CC will be considered to waive off the annual fee of Niyo SBM DC.

 

[telescope]

So ₹5000 fd created for Niyo SBM FD CC will be considered to waive off the annual fee of Niyo SBM DC.

Confirm with customer care

 

[Strange]

Confirm with customer care

Niyo customer support isn't aware about it.
Need to email SBM support.

 

[telescope]

Niyo customer support isn't aware about it.
Need to email SBM support.

Good luck getting reply from sbm support. I emailed them an year ago yet to get reply. If you get any solution, please post here. I even forgot why I emailed them.

 

[Strange]

Good luck getting reply from sbm support. I emailed them an year ago yet to get reply. If you get any solution, please post here. I even forgot why I emailed them.

If you want reply them email nodal officer directly.