RBI lifts ban on SBM debit card, international transactions started again...
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Hi,
Just got the update and confirmed it with niyo global customer support that , Niyo SBM debit cards has again started for international transactions with 5 lakhs limit for a financial year... That means u cannot spend more than 5 lakhs in a year on your international transactions...
U have to do re-kyc to activate international transactions on your card...
That's a relief for many who don't own a zero markup credit card yet... Sharing screenshots...
What to know the irony - just four days ago i got the "yes bank uni zero markup credit card" and the post has been a hit...🤣🤣🤣 , Still that credit card is all worth it bcz of 2.5L limit...
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need credit card not debit card sadly
@DEEPANGEORGE Agar bahar jaoge aur credit card na hua, to ye bhi bhot kam ayega, mene niyo dcb and niyo sbm dono use kre h in abroad, bhot help ho jati h, aur wese bhi they are free, na hi cibil me show honge... Baki it's ur choice...
Yes, I completed my Re-KYC process a week ago, but I'm still awaiting the final confirmation email and the activation of the necessary options in the application.
In the meantime, I recommend considering the Fi Money card. I've used it across several countries, including Kazakhstan, Singapore, Malaysia, and Thailand. The withdrawal charges at most ATMs are typically around ₹100, and the markup fees are usually refunded within 10-15 days.