Niyo Global Card Detailed Review after 6 Months Use || Best Forex Card?

[@iservicetech]

Hi I’m using 2 forex cards ( Niyo and FI ) in Dubai from last 3 months and not get any charges on my purchase, If you use your cards in any stores or shopping mall or any government office, you don’t have to pay any charges and you will get confirmation SMS on your phone how much money is debit from your account instant, Even I don’t use cash if they accept cards. But if you withdraw money from ATM then you have to pay withdraw charges ( not instant ) they will charge you later for this. So please don’t misguide people in social media. If you don’t know about it.

[@RupinderDhamija]

The third con is not a con in reality, it's just something to be cautious of. If there's a possibility of currency getting expensive then there's probability of getting cheaper also. Especially when we're talking fluctuations withing 2 days

[@sh-og7zt]

@bekifayti- I loved your content but quite disappointed with this one. Most of the cons are wrong , I have visited Singapore , Thailand & USA there was no problem at all. The good part was, I was able to top up card using any UPI app with just the PIN no dependency on SMS. Regarding 5% tax you are showing that’s it’s a expense whereas it’s not you get return in your ITR filing as it’s TCS . So please don’t portray this a expense. People look at you for correct info . Please maintain that. Thanks

[@amitkrdey306]

Exactly Best Forex Card without any doubt...

[@cooldeep7492]

@@amitkrdey306 can you please share your experience with this card.

[@vvajay]

Initially I didn't like the FD thing with the "Credit" card - that the bank isn't giving any credit to the customers. However, later when I compared it with CC or FC, I found it to be way cheaper. So, put money in FD, travel abroad, let the bill come, pay, and withdraw all FD amount. I think a delayed settlement happens with CC also, in which banks always choose to take higher conversion rates. With FC, this is kind of benefit as the amount is locked - but, when you want to withdraw the amount in INR, you'd get lower conversion amount. Hence, all in all, financially speaking, it is very good card. Not sure about the non-acceptance in countries or at some POS.

[@tanujsaraogi]

TCS is not really an expense. It is basically prepaid tax levid on expense similar to TDS which is levied on income and fully adjustable against tax liability for the year.

[@sashanksuraiya9642]

Heyy, I am a CA Student, and the con you mentioned about 5% TCS is a govt. mandate. TCS paid gets reduced from the tax payable when one files his ITR. Thus, a person is not incurring any additional charge by using this card!

[@allisonburger4972]

ज्यादा होशियार बनरा क्या🤣🤣

[@AnkitRathi7]

This channel always shares half info and is not reliable.

[@ujjwalkachhwah1118]

@@allisonburger4972 Gawar

[@viki19910]

Yes even my Bob forex card charged me 5 percent TCS for 65k inr forex bought in euro. So will i get the money refund

[@sashanksuraiya9642]

@@viki19910 If you file your Income Tax returns, your Tax Payable will be reduced by the amount already paid as TCS

[@sachinhj9910]

I will just use for lounge access😁😁😁 ultimately saare cards ki buying reason yehi reh jaata hai😀

[@thenaturenews1]

International hai lounge access abroad me

[@PoojaG_PG]

Considering that I plan to not be expending in USD but actually local currency, which can fluctuate either way and I'm buying the card at the last moment, not months in advance (to be able to make a profit on an average trend of depreciating rupee or appreciating USD), I'm going for local currency. I do not wish to be paying double conversion charges - first INR to USD, and then USD to local currency. So yup, Niyo it is for me. For backup, just in case it doesn't read in certain situations, I'm going to be using my regular credit card. All this is for an upcoming leisure trip to EU.

[@cooldeep7492]

@PoojaG_PG Hi I hope you had a good peaceful trip, Can you please share How was your experience with the Niyo Credit card during your trip.

[@RupinderDhamija]

You can get the tcs back when filling taxes. This may not be a con for everyone. But the 2-3% forex charges on other cards, wo gayo to gayo.

[@PriyaSharma29]

I used it in 2020 especially for payment on ebay and abroad shopping websites, they accept niyo...and because of low current exchange rates it was beneficial., i was impressed by the mere 15p extra they charge per dollar...which is so low as compared currency exchange places... Ease of loading card from bank account via UPI also helped me so much in Europe, NO OTP required.. App lock off and on is so helpful if we lose card. The only con after using it from jan 2020 till mid 2021 is that it capped me at 7lacs per year and all transactions are reflected in ITR filing govt website...but TDS refund can be claimed after filing ITR at end of financial year..

[@sgsitu]

Thanks for this information

[@dipak1428]

Does this card work in Thailand

[@shinchan-ee3bu]

​@@dipak1428 yep

[@Jwincle]

Hey thanks for all the details. Does it work well in Europe mainly Italy France and Belgium?

[@rajatsingh6518]

Its 20% TCS now. Thank you Modi.

[@pankajgarg2498]

Mam 5% tax explained by you is NOT EXPENSE. This is TCS. All TCS paid is credited to your PAN card. You can get refund after filing Annual IT return. Do not misguide people. Further Rs 7 lac is a reasonable limit for 1 person per year. In case you want to go beyond that then use spouse card, children card etc.

[@PP-ct4kd]

correct

[@muhammedfaris7772]

Can we get refund of the tcs of 5% above 7.5 lack?? If we file it returns!?

[@anubhavpabby6856]

Hey the thing you mentioned that TCS is charged only on Niyo global card is wrong. It is charged on all forex cards with 5% tax in accordance to the RBI Rule.

[@kartikey92]

For my case, the pros outweigh the cons of this card, thanks for making everything clear about the card.

[@autoloanexpertbyrahulrana]

dosto galti se use mat karna ish card ko befkoof banate hai mere sath 90000 ki fraud hua h or inka na koi office hai na koi call centre

[@amazaynbbietn3744]

what exactly happened?

[@ashisnayak7448]

I went to Malaysia with this card. And it worked fine. Please get your facts right

[@dharamshethia8842]

I am also visiting malaysia next month, should I apply for this card ?

[@TATHAGAT80]

Samajhdaari wala video. Keep it up.👍

[@prabhs-officialchannel8955]

I have used this card in Thailand , and it is works

[@the-abhishek-yadav]

Best Forex cards par ek video banaiye 🔥

[@go_niyo]

A plane ticket is always the answer, who cares what the question is? Happy to see you travelling smart with Niyo Global.

[@aditya_das]

I haven't heard something more unrelated than this statement.

[@aseemsharan]

@@aditya_das 😂😂😂

[@soumyahirakki7845]

Is niyo accepted in bali and Indonesian islands?

[@Utkarsh_Kumar_Rai]

Using Neo from last 7 months in all international travel. No issues so far....yes you get stuck when the servers are under maintenance. And this maintenance has now become frequent. These updates happen mostly on Friday, so if ur in a Islamic country where Friday is a day for outing...u may get stuck.

[@kanchanverma5221]

is passport necessary for opening this account?

[@ashish282]

Can you tell me how's your experience now, DCB bank

[@reshamsing7951]

Tell me more about it frnd

[@mdgani7848]

Today i got my new Neo global card.

[@vaishnavirajhans6208]

I will be visiting Europe for a period of 20 days. And yes, i have opted for this card.

[@sagarikasaxena]

hey same is with me, will you be carrying cash or some other card?

[@TANUJJAIN-mp4lf]

This Debit card is not working in Dubai ,this is now just a debit card accessable only in India,No transaction in Dubai possible firstly they say that it will work in uae if you deposit of 5000 , but when i deposit 5000 they are saying that for transactions in Dubai you have to take another niyo global credit and if you transfer 5000 in credit card that amount will became an Fixed deposit and it only can be withdrawn after one month & credit card limit only 5000 or the amount of Fd you create ,So finally when you transfer amount it is not usable in debit card all international transactions are possible with credit card & that too with terms & conditions, Pls take care Niyo team for the same🤨

[@kanishkgiri6429]

Dont give incomplete info, TCS can be refunded when filing ITR

[@sparshmalpotra8411]

And wt if we r not filling itr

[@kanishkgiri6429]

@@sparshmalpotra8411 if you spend more than 2L on abroad travel you are required to file ITR… If you’re still not filing then you can’t claim back the TCS. TCS will also be applicable on forex cards also

[@sparshmalpotra8411]

@@kanishkgiri6429 nd wt if we r now living in canada

[@kanishkgiri6429]

@@sparshmalpotra8411 then you can’t have niyo card as they don’t have NRE/NRO accounts. Holding regular resident accounts as an NRI is a violation of FEMA law. However If you still have TDS or TCS deducted on any payment you can file your ITR in India and claim a refund of the entire amount

[@aishwarya275]

Being USD at all time high this is the worst time to buy currency at higher exchange rate and buying Niyo Global Credit Card makes even more sense now

[@shiv.bhatia]

All international transactions have been suspended by Niyo or SBM Bank as per RBI ban. This card is of no use now :( Any comments ?

[@areyakhil6696]

Now also it is not possible to use international transactions

[@abdulraheem5873]

Is it still suspended

[@shiv.bhatia]

@@abdulraheem5873 Yes, instead one can apply for DCB bank through Niyo.

[@vanshsinghrana]

Please make a video on top gold investing (Digitially) apps in India..........Love all your videos.

[@go_niyo]

Always ready to be your smart travel companion 👀

[@elibely]

dont get this card, they held my remitted money for months, they wont let me talk to team or give propper reply after months of begging for my own money i had to recall my own transaction and lost over 10,000 rs on transaction charges

[@ishaqueshaikh3958]

Tks for True information i m going to apply soon

[@singhrahhul]

She tried her best to project the cons but failed miserably.

[@pramodhreddy4726]

Most awaited

[@orionacademia7855]

Shinhan Bank Global card (PWM) is as good as Niyo Global Card..These two Foreign Neo Banks in India are doing Great Revolutionary Operations for General Public..😅😅😅😊😍

[@vishruthsn8821]

Love your videos ❤️. Can please do a video on which is the best card for international use.

[@nathabhishek2009]

It works perfectly on Thailand without any issues

[@invincible1133]

I am planning a Thailand trip, so do you recommend this card to shop on local streets, do they accept it?

[@damanpreetsingh87]

International transactions are paused on Niyo global Debit card from 26 jan 2023. now this review is no more helpful

[@baskarchittrarasu8758]

Outstanding explanation. Thank you madam

[@veganchaatparty]

Super thanks for sharing such useful info about this card....explained in super detail....now its simpler to decide if to go for this card....really super helpful....thanks...have a good one...

[@kanishkgiri6429]

3rd point is so worng, why are you comparing only USD? Compare EUR and GBP too they have depreciated so theres profit there

[@DivineBansuri]

Itna confuse karke bata rahe ho....itne saare decimals , numbers.....dimag ka dahi ho gaya ....bas batao Lena chahiye ki nahi....or should we go for Thomas Cook ??

[@devshah9025]

Really helpful video, I was thinking of getting this card for my one way travel to Canada, as The no conversion charge attracted me the most, but still after hearing the cons I am having second thoughts on this, Any suggestion for this would be really appreciated, thanks again for this educational video!

[@parthsheth7207]

Go for one card it has 1% mark up fee, still far less than other cards, plus it is a credit card so no need to top up and burn your wallet in advance. Other for a safer side go for a forex card with minimum amount in it. First use Niyo, if it fails, go for one card, then last forex card. Both niyo and one card are free of cost. Forex will burn your wallet so go for minimum amount.

[@mallickhussein2161]

I just want to say OMG 😨 fabulous explanation

[@ScriptyVijay]

Thanks for saving me from this card :D

[@vikzmori3776]

After international trip .. should we have to keep a minimum Balance in account?

[@Fuelthejet]

Worst experience from Niyo website. I updated all details and verified kyc etc and towards the end it said pin code not serviceable. Time waste

[@vipinvp]

Niyo is now blocked by RBI .There is no more international transactions till further notice..

[@Morphinetravellers]

This card is a nightmare. My entire Dubai trip was spoiled has the card was on hold no customer service no toll free no I had to sell my gold to survive. When I complained on twitter I saw so many ppl complaining bout the issue same as mine. Don’t go for this card better to get ur bank card coz even u use this card ppl in Dubai and other country charge 2.5%

[@goingout123]

How much change to remove money from atm?

[@DeepeshAgarwal]

5% is TCS and can be claimed for refund, 2-3% charge on other cards cannot.

[@shubhamthadani5587]

Aare didi TCS is not the expense.. we can get refund of it while filing return.. yeh sab bataya karo na

[@stevenspellberg]

1st one definite letdown. 2nd one is RBI mandate and 3rd one fluctuations may not be too big always so overall may not be as impactful cons as expected. 1 lounge access per quarter for a free card is good . Overall can give a shot

[@abirjin]

1st is not a con, its a VISA platinum card, haven't faced any issue with card not being accepted be it India or abroad.

[@walterkluwers1888]

Best Bank for regular savings account ?

[@jashandeepsharma6615]

. 2. Tcs is refundable after filling itr 3. No 2-4 days .

[@rishabagarwal3628]

WRONG INFOMATION!! The TCS tax of 5% is a Government tax, no single entity can just randomly set a value and change that. Not just forex cards, but even bank remittance has 5% TCS tax.

[@sahilmore921]

No joining fees and no annual fees for now🤦🏽‍♂️

[@richajain006]

TCS of 5% is available as credit. It is temporary blockage but refund can be claimed by filing tax return in India.

[@MalayNeerawMishra]

There is no major cons as such you described int the thumbnail.... 😅😒

[@nitish963]

Niyo debit card is not offering international transaction anymore as of now. So no point using this.

[@Shinyseashells]

Really?

[@nileshpurayar118]

Don't really agree with the 3rd cons. The date used is in a difference of 5 months. And it doesn't really act as an example for 2-4 days settlement. If we just take 3 days as a settlement cycle. If I fund the forex today and use it today. At the same time if I use the Niyo Card today. Normally the currency rate doesn't change by 3% in 3 days. So it will be a plus until in very rarely adverse movement of currency. In case you are using it over time. That is of course not a very good option to go with. It is useful for a small trip and not for long term study plans where you are blocking INR for a long term.

[@JaiKumarnayak]

Good to know about this - Thanks 😊 Can u tell us other cards which have zero markup charges without the cap of 7Lakhs in a year. Pls revert on this

[@sanamsaraff]

she has no clue what she is even talking about. will make random videos for views lol. use any debit/credit/forex card, do any kind of foreign transaction, you will have to pay 5% tcs on amount above 7L, which can be refunded when filing ITR. no way to escape from the tcs .

[@Kkrudra963]

​@@rheakapur7416does any credit card launched by niyo at that time, any other forex card without limit of 7 lac

[@gagandeepkaur1974]

@kaku arora - useless negative point for transaction delay - if i do my transaction on 20th feb 2022 - i will complete the transaction on 20th feb 2022 only - stop worrying about future currency rates.

[@igaqua1409]

Niyo global has also launched zero forex credit card

[@dr.janhavianand9466]

I'm going to Thailand and once she said it's not acceptable in Thailand 😅I left the chat 😂

[@arijitbasu8605]

Complete knowledge gap. TCS will be charged for FOREX card also however it can be adjusted with your tax liability. Secondly, the example shown for Cons with transaction rate is incorrect. You have not considered the 5% interest the person will earn when such interest is not available in forex card. Also, the interbank rate of 20th july 2022 will not be charged, it will be more than that around 1-1.25% which is the VISA exchange rate. The concept of NIL FOREX conversion charge doesn't exist for any products offered by NIYO.

[@Mac_03]

Hi @bekifaayati, Thanks for the information. Can you also suggest, which card to get for international travel for a week? (Debit Niyo Global Card or Credit Niyo Global Card)

[@maheshmahajan6048]

Very Good Info. Thanks

[@gursimranjitrandhawa1567]

i just use this card last week in canada. I make an payment of 1500cad but they charged me 1600cad when talked with customer care they told 100cad for tax. Don't use the card

[@hiteshdani4512]

Jankari acchi thi, samj b aa gya, per agar pure Hindi me video banate tab aur b acche se samj jaate.

[@badjattgaming3541]

Maine aaj hi card order kiya h

[@sherryrodricks5101]

I think i would take the credit card because for me it's for a short trip.

[@dobbydeolbloopers5458]

Can anyone tell me if niyo card is not eligible in thailand then which forex card is good after niyo? Thanks for giving me such informative video and it was worth it to watch :)

[@TheLazyFitness]

Try SBI Forex Card.

[@TheLazyFitness]

@Netflix Entertainment I have used it for 2 years and had an issue just once which was solved over the phone. It's not the best in the market but it's okay for me

[@mailvenkatesh]

International Atm usage fees is 425.

[@b89purvakhetan36]

One question. If there is certain balance left in our Niyo card at the end of our foreign trip, can we transfer that back to our indian bank account ? Any extra fee / charges on that ? Kindly guide

[@kbiiir]

yes you can

[@amitkrdey306]

Cons mein Price appreciation ka logic illogical hain... Ye Pos/Cons kuch bhi ho skta hain...

[@ranjanashtikar5452]

I am using this card for international purchases, and I would say this card do not work most of the time.

[@atulaghorpade]

Then which card is best? Or normal VISA card will also work?

[@orionacademia7855]

Is She an HDFC Broker????🤔🤔🤔

[@5432Krishna]

I am just going to travel as a student and I need the card for the following 2 months max. Should I get the NIYO Global Card or some other bank's card?

[@blobcat6237]

I have same question, can you tell me what did you do?

[@Youtuber-fo1nl]

Is it good for traveling Dubai? Just one trip

[@akula743]

With the RBI clamping down on SBM, sadly this is not there at least for the short term

[@tarunmaheshwari-h6x]

TCS ko charge mat bolo..its an advance tax which can be claimed at the time of filing income tax return..isi reason se govt ko restrictions laana pada kyunki bina jankari wale bhi gyaan baatne mein lag gye hai.

[@trademan1949]

Recently Ministry of Finance tweets about TCS charges. And said there is no LSR charges above 7 lacks.....

[@hemantjoshi4297]

When you dont get sponsorship😂😂😂

[@12thManMalayalam]

I didn't understand 4:31 Is it means if I swipe the card at a shop and it will take 3 days for the amount to be transfer from my account to the merchant account ?

[@prasadpatel6508]

Great eye opening video

[@viki19910]

My Bob forex card charged 5 percent TCS for forex bought for 65k inr forex

[@natraj6120]

Traditional forex card is insane as bank charges are high. I just visited hdfc bank branch yest. The card issuance is 600 rs (with gst) + currency conversion fee + 150 rs atm withdrawal fees

[@PP-ct4kd]

You can check for HDFC Regelia Card

[@PsyXzar75]

Niyo is good but is known to rip you off currency exchange charges esp for transactions more than 30

[@chesterdomnicmiranda]

Not Everyone is filing Taxes , so it is a Deduction that we are not getting back

[@rammirke53]

Madam, I have been deposited (SBM bank)rupees Five thousand through online,dated 12.05.2023 but still I didn't get a physical card. Please suggest what to do? Whom has/ have to call or correspondence.

[@kunal9657]

Its a VISA card and uses visa exchange rates , so acceptability is not an issue. I used it in USA. The DCB issued niyo card does not give any interest

[@sh-og7zt]

@bekifayti- I loved your content but quite disappointed with this one. Most of the cons are wrong , I have visited Singapore , Thailand & USA there was no problem at all. The good part was, I was able to top up card using any UPI app with just the PIN no dependency on SMS. Regarding 5% tax you are showing that’s it’s a expense whereas it’s not you get return in your ITR filing as it’s TCS . So please don’t portray this a expense. People look at you for correct info . Please maintain that. Thanks

[@kenildobariya]

Me planing to go to Singapore so is there any problem with forex ?

[@red122]

She only knows about US and USD... Lol Rest things pe research nahi kiya isne... Actually practical experience bhot zaroori hota hai. @bekifayti ab lockdown over ho gaya hai to fata fat graduation karo chutti lo and thoda foreign trip le kar aao.

[@shekhkhalid7693]

Thanks for this information 😊. We have this card and are going to use this for our Thailand travel ..and this girl scared us..

[@sh-og7zt]

@@kenildobariya no problem at all. Do visit Marina Bay in the evening for fire cracker show . Enjoy

[@TheLazyFitness]

@@shekhkhalid7693 always have second option mate. You never know

[@neehalsonowal9467]

Which is best forex card??

[@bheemsha1410]

Mam konsa card best hey india mai aur international trip k liya

[@natashageo2131]

Has she ever been abroad it's working fine in China Thailand Vietnam Cambodia even it worked in North America fine stop fake narrative.Used niyo in 71 countries

[@JaiKumarnayak]

I am using NIYO global card here in Dubai it’s working properly but limit is the only issue that is 7Lakhs. After that it is killing me with 5% tax, can u suggest with best debit card for long use with less markup charges😇

[@AbhijitPattanayak]

Boss need an info. If google shows 1 AED= 21.70 INR, then 1AED ATM withdrawal in Dubai, how much Niyo will deduct from balance & what are other charges, just need to know the complete picture

[@jazeemjaz6425]

7 laks fully used by atm withdrawal??

[@goingout123]

@@AbhijitPattanayak did u go Dubai ?? How much was the atm charges ?

[@shaikshahil1739]

You said about 5 % tax Does FI Debit card also have same charges?

[@shaikshahil1739]

And can you please suggest some good forex cards for students going abroad

[@smartaquarius2021]

Which niyo global card is good SBM vs DCB vs Equitas?

[@srinivasborra6041]

DCB

[@bhaisainformals6880]

Niyo DCB Bank Debit Card or Niyo SBM Bank Debit Card?

[@Pritam9062]

I use Jupiter and FI card which is Far better...But when i spent on indian they send me mail for every transaction but abroad they did not send me mail alert of transaction and also my sim was not activate so i can not check my balance

[@realme6841]

What about your experience on fi & Jupiter card in Foreign country??

[@Pritam9062]

@@realme6841 I am very much happy with use of this both card instead of using credit card...Only one thing bad for every card that I did not receive transaction mail regarding my transaction.I have no sim card so mail I check but no mail coming ..One word I am happy

[@RahulPatel-cd9wj]

You doing great work ma'am 🤗

[@shoaibsayyed9401]

Waste video...this card is very useful for international visits...debit card is also working fine and moreover the upi of this niyo app is also working great...there is absolutely no con...ab international trips mein 300 400 rupees ka faeda nuksaan dekhoge to fir jao hi mat.

[@pk062]

Lounge access isn’t free anymore. There is an international spend criteria of 50k and you have to redeem the voucher and use it within same or subsequent month I guess.