Niyo Review
Comprehensive review and analysis of Niyo's digital banking services
Quick Facts
- Founded
- 2015
- Head Office
- India
- Active Customers
- 4+ million
- Total Funding
- $100 million
- Employees
- 800+
- App Store Rating
- 4.5/5
Pros & Cons
Pros
- Zero forex markup
- Global acceptance
- Investment options
- Salary features
- Travel benefits
- Modern interface
Cons
- Some premium costs
- India-only availability
- Limited credit products
- Service restrictions
Supported Countries
- India
Fees
- Account Maintenance Free
- Card Issue Free
- ATM Withdrawals Free at partner banks
- Forex Markup Zero
- Investment Platform No management fees
Overview
Niyo has pioneered digital banking innovation in India since 2015. Their platform combines zero-forex international banking with comprehensive domestic features, offering a modern approach to banking.
Key Features
Banking Services
- Digital account
- Zero forex card
- UPI payments
- Bill payments
- Money transfers
- Salary account
Travel Features
- Zero forex markup
- Global acceptance
- Travel insurance
- Airport lounge access
- Travel rewards
- Multi-currency
Investment Options
- Mutual funds
- Fixed deposits
- Wealth management
- Portfolio tracking
- Market analysis
- Financial planning
Additional Services
- Salary features
- Partner benefits
- Bill analysis
- Savings tools
- Security features
- Support services
Security Features
- Biometric authentication
- Transaction monitoring
- Fraud detection
- Device management
- PIN protection
- Instant blocking
Customer Support
- 24/7 assistance
- In-app chat
- Email support
- Help center
- Video guides
- Social media
Verdict
Niyo excels in providing comprehensive digital banking services with a focus on international features. Their zero-forex markup and travel benefits make them particularly valuable for frequent travelers and global professionals.
While some features come with premium costs, the platform offers excellent functionality for both domestic and international banking needs. The main limitations are the India-only availability and service restrictions, but for Indian users seeking modern banking with global features, Niyo provides an excellent solution.