Niyo SBM Credit Card - Increase in ATM charges

[telescope]

With effect from 17 November 2023, a transaction charge of Rs 500 or equivalent to 2.5% of the transaction amount, whichever is higher, will be levied on usage of SBM Niyo Global Credit Card at ATMs.

 

[jaindishank95]

Seems atm cash withdrawal from niyo cc is no longer sensible.

 

[telescope]

Seems atm cash withdrawal from niyo cc is no longer sensible.

Yes absurd ATM charge + interest + foreign ATM charges (if any) + GST on top of all these.

 

[CARDBITRAGE]

In the case of CCs, they will levy a cash advance fee in addition to the ATM withdrawal fee as well, right?

 

[telescope]

That is what I posted above

 

[jaindishank95]

Yes absurd ATM charge + interest + foreign ATM charges (if any) + GST on top of all these.

Exactly.
Any news of Niyo DCB debit card? Are they allowing international atm cash withdrawal?

 

[telescope]

Exactly.
Any news of Niyo DCB debit card? Are they allowing international atm cash withdrawal?

niyo dcb working fine

 

[jaindishank95]

niyo dcb workig fine

Got it. Thanks.