There are very few charges on the Niyo SBM Account.
Domestic ATM charges: The debit card can only be used domestically. If you use an SBM ATM, there are no charges at all, but if you use any other ATMs, then you will be charged Rs. 20 + GST (after 5 free withdrawals)
Replace your debit card: If you lose your debit card and need to replace it, you will be charged Rs. 249 + GST.
We do not charge you for a lot of things:
No charges for opening the account.
This is a zero-balance account with no charges for not maintaining any balance in the account.
No charges for adding money to your account via NEFT/RTGS/IMPS/IFT.
No annual maintenance charges.
No charges for ordering the physical debit card.
You can click here to read about all charges.