India
United Arab Emirates
activeNeobank
- HQ
- Bengaluru
- Fee
- Product-dependent; forex cards often zero annual
Niyo Global
The multi-currency Niyo: forex, salary, and an account that travels.
Legal entity: Niyo Global is a forex / travel stack in the Niyo group — not a deposit-taking bank in Niyo’s own name. Official contact page names partner help centres at SBM Bank, DCB Bank and Kanji Forex.
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7.3Solid
AlternativesFive questions
At a glance
Is it a bank?
No. Niyo Global is not a bank. Your money sits with Partner banks — confirm the current AD and savings partner in-app.
If it fails?
Partner-bank DICGC only where a bank balance exists at that bank. The forex wallet is not the same object. Niyo is not the deposit-taker.
Salary?
Not a UK/EU current account. Indian salary, if any, sits at a partner bank — confirm the live AD / savings partner in-app. Do not treat the forex card as a salary IBAN.
Open from abroad?
Indian KYC (and corridor rules for the forex card). Not a non-resident EU IBAN.
Monthly fee
Product-dependent; forex often zero annual
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
7.3
/10 · Solid
Score Niyo Global as the travel SKU. Score Niyo salary as a partner-bank account. Mixing them is how directories lie.
What it is
Niyo Global is the multi-currency / forex line inside the Niyo group. It exists because Indian travellers were overpaying high-street banks for dollars. It is not Revolut, and it is not Federal Bank.
Best for: Indians who actually leave the country and need a named forex product, not a UPI clone.
Last checked 2026-08-01. Not advice.
What it does well
- +FX-first in a UPI market
- +Separate SKU from the salary app
- +UAE overlap
- +Virtual + physical
What to watch
- −Partner soup
- −Blocked-card Sundays
- −Not a universal salary bank
- −Two Niyo products confuse comparison tables
Legal entity, not the app icon
Who is behind it
- Legal name
- Niyo Global is a forex / travel stack in the Niyo group — not a deposit-taking bank in Niyo’s own name. Official contact page names partner help centres at SBM Bank, DCB Bank and Kanji Forex.
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- Multi-currency travel · salary
- Partner bank
- Federal Bank / partners
- Minimum balance
- ₹0
- Lowest monthly fee
- Plan-based
- Who can open
- Indian residents
- Availability
- India
- Support
- In-app chat 24/7 (Niyo FAQs). Help centre 1800 2099 335; also 022 6899 7777 / 040 6815 7777 on Niyo’s contact page. Partner-bank help centres as listed.
- Hours
- Niyo FAQs: 24/7 in-app live chat.
- Remote open
- Indian KYC (and corridor rules for the forex card). Not a non-resident EU IBAN.
- Onboarding
- Indian KYC plus forex-card issuance through the partner stack.
- KYC documents
- Indian identity as the partner bank / AD requires.
- Minimum age
- Follow Niyo live terms.
- Salary / payroll
- Not a UK/EU current account. Indian salary, if any, sits at a partner bank — confirm the live AD / savings partner in-app. Do not treat the forex card as a salary IBAN.
- Local rails
- Indian domestic plus forex card rails. Not an EEA IBAN bank.
How money actually moves
- Who holds the cash
- Current account at a partner bank
- How money moves
- UPI / INR
- Built for
- Personal · Travel
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- Niyo Global lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Partner-bank DICGC only where a bank balance exists at that bank. The forex wallet is not the same object. Niyo is not the deposit-taker.
Who holds the money: Partner banks — confirm the current AD and savings partner in-app
- RBI (partner banks / AD category)Forex + partner-bank stack · India
Fees
- Monthly
- Product-dependent; forex often zero annual
- FX markup
- Live-rate pitch vs high-street; a spread still exists
- ATM
- Overseas ATM on the card schedule
Features
- –IBAN
- –Fee-free core
- ✓Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Multi-currency forex card
- Global account rails
- Salary variants
- UAE / NRI adjacency
- App FX
Before you tap Sign up
How to open
Step 1
Name the partner
SBM Bank, DCB Bank or Kanji Forex — Niyo’s own contact page. Confirm which SKU you are opening in-app.
Step 2
Indian KYC
This is not a Revolut-class EEA IBAN.
Step 3
Forex card ≠ salary account
DICGC only if a partner-bank deposit exists. The travel card is a different object.
Official help: goniyo.com/contact-us
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 6.6
- Fees20%
- 8.4
- Features15%
- 7.8
- App15%
- 7.6
- Global15%
- 7.2
- Support10%
- 6.2
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
Straight answers
FAQ
01Is Niyo Global a bank?
No. Niyo Global is filed as Forex + partner-bank stack. The money sits with Partner banks — confirm the current AD and savings partner in-app.
02What happens to money in Niyo Global if it fails?
Partner-bank DICGC where a bank balance exists; forex wallets are not the same object
03What does Niyo Global charge each month?
The monthly fee on this file is Product-dependent; forex often zero annual. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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