RBI lifts ban on SBM debit card, international transactions started again...

74°
Spearhead
mohiitt

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...

Screenshot20240619-095604

Screenshot20240619-094847

Screenshot20240619-0948312


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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Deal Cadet Deal Cadet
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I checked their website. Point to be noted. International ATM withdrawal charges are Rs.500 now, same as their SBM credit card. But they are claiming 3 free International ATM withdrawal by giving Niyo coins equivalent upto Rs.1500. 
Deal Lieutenant Deal Lieutenant
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need credit card sad not debit card sad sadly 

Spearhead Spearhead
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@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...

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Deal Newbie Deal Newbie
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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.

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