If you transfer money using the "Quick Transfer" option, then you can send up to Rs. 25,000.

If you add a payee first before sending money, then you can send up to Rs. 25,000 for the first 30 minutes (after adding the payee). This is called the cooling period. After the cooling period, you can transfer up to Rs. 1 Lakh per day, per beneficiary.

 

Please follow these simple steps to transfer money from your Niyo SBM account, to any other account in India:

  1. Click “Bank” (bottom of the screen - this will take you to the savings account screen).

  2. Click “Transfers, and select “Send Money”.

  3. Add details of the payee (account number, beneficiary name, IFSC code).

  4. Enter the OTP (sent to your registered mobile number).

  5. Click “Send Money”, enter the amount and click “Authorise Transfer”.

  6. Enter the OTP (sent to your registered mobile number).