Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card

[Abhishek012]

Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card:

Note - account on-boarding will start from April, 2024.

Link:

https://www.utkarsh.bank/personal/digital-products/utkarsh-niyo-savings-account

Utkarsh Niyo Savings Account​

Experience the convenience of new age banking with our Zero Balance Account, designed to simplify your financial journey.

Earn high interest rates of up to 7.75%* PA with Utkarsh Niyo Savings Account.

What’s more! Despite a zero balance Account, the Bank in partnership with Niyo offers Co-Branded Debit Cards of two variants with RuPay.

1. RuPay Contactless International Platinum Debit Card
2. RuPay Contactless International Classic Debit Card
To make transactions even more effortless, the RuPay Debit Card comes equipped with Tap & Pay functionality.

Benefits -

• Complete Digital Account Opening Process on NiyoX App
• Zero Balance Account
• Instant Generation of Virtual Debit Card & On demand Physical Debit Card
• Earn Higher Rate of interest upto 7.75% p.a*
• Exclusive Cashback and Discount Offers
• Lounge Access at Domestics Airports

Fees & Charges -

• Video KYC is completely Free
• Zero minimum balance/non-maintenance fee
• For complete details on fees & charges , Please Click here

Interest Rate -

Balance in ₹	Rate of Interest w.e.f 1stNovember 2023
Balance up to ₹ 1 Lakh	4.00% p.a.
Incremental Balance above ₹ 1 Lakh up to ₹ 5 Lakhs	6.25% p.a.
Incremental Balance above ₹ 5 Lakhs up to ₹ 50 Lakhs	7.50% p.a.
Incremental Balance above ₹ 50 Lakhs up to ₹ 10 Crore	7.25% p.a.
Incremental Balance above ₹ 10 Crore upto ₹ 50 Crore	7.50% p.a.
Incremental Balance above ₹ 50 Crore	7.75% p.a.

* T&C Apply

*Important Point: No Additional Interest Rate for Senior Citizen.

RuPay Classic Contactless International Debit Card -

Issuance/annual fee - Rs250

RuPay Platinum Contactless International Debit Card -

Issuance/annual fee - Rs300

FAQs​

What is an Utkarsh Niyo Savings Account ?

Utkarsh Niyo Savings Account is a Digitally opened Savings Account offered by Utkarsh Small Finance Bank in collaboration with Niyo.

What are the features of the Utkarsh Niyo Account ?

Utkarsh Niyo Savings Account comes with all the digital experience and exciting features:
● A Complete Digital Onboarding Process with easy access to banking features via the NiyoX mobile App.
● Zero Balance Account with Nil Maintenance Charges
● Higher Rate of Interest on Savings Account Balance as per Bank’s Current Rate
● Instant Generation of RuPay Classic Virtual Card – Free of cost [only for E-Com]
● One App to manage all your Debit Cards,transaction limits, beneficiary management and fund transfers.
● Exclusive Domestic Airport Lounge Access [One Per Quarter] for RuPay Contactless International Platinum Debit Card Holders
● Exclusive feature to get your mobile number as a part of your Account number*
● Debit Card with Tap & Pay along with Global Acceptance**
● 5 Cheque Leaves, Free of Cost
● A super-user-centric App with enhanced security to control and monitor transactions.
● 24*7 access to the support team via Chat
*Your registered mobile number [used for Account opening] will be used in your 16-digit Account number **Bank will levy applicable forex charges on international transactions

How can I open the Utkarsh Niyo Savings Account ?

We are offering a complete Digital Savings Account opening process, please download the Niyo X App and follow the below-mentioned steps:
● Complete the full KYC with Aadhaar, PAN Card, and the video KYC method.
● Your Account will be ready with a virtual card to use for online transactions.
● You can choose to apply for a physical Debit Card to transact at a POS or ATM.

What documents do I need to complete the video KYC ?

Video KYC process is quite easy. Please keep the following documents available with you before starting the call.
● Original PAN Card
● A white sheet of paper and a blue ball pen.
● A device [mobile, tablet, laptop, or desktop] with good internet speed.

 

[doraemon]

Based on what I am reading on this forum, it seems that they have starting taking ID card seriously. When I opened it in december 2023, after the account got opened, the IDFC employee asked me if I could show him my ID card and said that he just wanted to see how it 'looks.'

But still, I think a good initial funding can get you that account.

How much initial funding will work?

 

[Tejo]

do equitas higher variant accounts give ruplat?? If i remember correctly equitas lets you open elite online, I saw an option to select the account type in online process few months back.

These guys dont charge maintainance fee and arent downgrading too. again this is a vague memory and I could be wrong.

You can get rupay Platinum in equitas even for zero balance ac .

 

[varun__goel_]

How much initial funding will work?

If you are a student with institute being listed, do not give IF.

Otherwise give them as per your negotiation skills

 

[doraemon]

Getting this error
Kya kiya jaye

@Abhishek012

 

[Strange]

Getting this error

 

[doraemon]

Don't know why I am getting these errors
Pehle nsdl ab ye

 

[Sourabh_13]

Getting this error
Kya kiya jaye

@Abhishek012

Charge your phone 😁

 

[Strange]

Don't know why I am getting these errors
Pehle nsdl ab ye

April se live hoga na. Wait karo.

 

[doraemon]

April se live hoga na. Wait karo.

Chat wali bhi reply nahi karri niyox mai upar likha hai currently reply in 35 minutes


Mai Buddha ho jaunga tab aayega reply lagra


Skipping this till next month now
Wasted 100 mb data

 

[dvader]

Getting this error
Kya kiya jaye

@Abhishek012

They may have reached the limit for beta testers. They will test for two more weeks for potentials issues and open doors for everyone.

 

[Abhishek012]

It started working after a few hours.

Merchant name & trxn amount otp page pe dekh raha hai ?

 

[Sathishmani]

Tried getting Utkarsh offer in Zomato. Niyox Utkarsh card is not eligible for the offer 😐. No use of it until we get Utkarsh offers

 

[Strange]

Merchant name & trxn amount otp page pe dekh raha hai ?

Yep Otp page is poorly designed and not optimized for mobile.

Merchant name and txn amount is not mentioned in the otp sms.

 

[Strange]

Tried getting Utkarsh offer in Zomato. Niyox Utkarsh card is not eligible for the offer 😐. No use of it until we get Utkarsh offers

How did you open your account?

 

[Abhishek012]

Tried getting Utkarsh offer in Zomato. Niyox Utkarsh card is not eligible for the offer 😐. No use of it until we get Utkarsh offers

Use Utkarsh's own RuPay debit card BIN - 508524, 652401, 608014.

 

[Sathishmani]

How did you open your account?

The account was opened by my spouse.

 

[Strange]

Tried getting Utkarsh offer in Zomato. Niyox Utkarsh card is not eligible for the offer 😐. No use of it until we get Utkarsh offers

Zomato is recognizing it as Utkarsh debit card but still offer is not getting applied.
@Abhishek012 how to fix?

 

[Abhishek012]

Zomato is recognizing it as Utkarsh debit card but still offer is not getting applied.
@Abhishek012 how to fix?

Arey Neo bank alag hote hai.

Utkarsh Bank account and Utkarsh debit card thorai hai woh

Niyo just use Utkarsh Bank license and Utkarsh Bank's infrastructure.

 

[Strange]

Arey Neo bank alag hote hai.

Utkarsh Bank account and Utkarsh debit card thorai hai woh

Niyo just use Utkarsh Bank license and Utkarsh Bank's infrastructure.

Utkarsh Rupay JCB debit card issue kar raha tha Niyo X se pehle?

 

[Abhishek012]

Utkarsh Rupay JCB debit card issue kar raha tha Niyo X se pehle?

No . .

Niyo ne choose kiya hoga RuPay JCB ko.

Jaise Jupiter bank acc Federal bank ka hai but Jupiter ka UPI Axis bank provide karta hai.

Neo banks apne hisab se alag alag services, banks ko choose kar sakta hai.