SBM Domestic Transactions

All about your transactions in India!

How can I add money to the Niyo SBM account?
Click on “Bank” (bottom of the screen - this will take you to the savings account screen). Click on “Add Money”. You will be able to see your name, ...
Mon, 11 Mar, 2024 at 12:53 PM
How can I transfer funds from my Niyo SBaccount?
Please follow these simple steps to transfer money from your Niyo SBM account, to any other account in India: Click “Bank” (bottom of the screen - this w...
Mon, 11 Mar, 2024 at 12:52 PM
Transaction types and limits on the Niyo SBM Card
Virtual Debit Card You can use it for any online/e-commerce transactions with a limit of Rs. 7.5 Lakhs per day. As this is a virtual card, you can’t us...
Mon, 11 Mar, 2024 at 12:51 PM
Can I send money without adding Payee/Beneficiary?
Yes, you can do that using the “Quick Transfer” feature Click “Bank” > "SBM Savings account" Click “Transfers, and select “Quick Transfer...
Tue, 28 Nov, 2023 at 6:04 PM
How can I create a UPI ID for this account?
Please follow these simple steps to create a UPI ID: Open a third-party UPI App (such as GooglePay, PhonePe, etc). Select the Add Bank Account option ...
Tue, 28 Nov, 2023 at 6:04 PM
UPI transaction limits
For the first 24 hours after creating your UPI ID - you can pay/transfer/spend upto Rs. 5,000. Post 24 hours - you can pay/transfer/spend upto Rs. 25,000 (...
Tue, 28 Nov, 2023 at 6:05 PM
Can I load money using cash into this account?
Yes, you can load money into your account using cash, but this can currently only be done by visiting your nearest branch. At present, SBM only has branches...
Tue, 28 Nov, 2023 at 6:05 PM
Can I load money using credit card into this account?
No, we’re sorry but that’s not possible.  To add money to your account, Click on “Bank” (bottom of the screen - this will take you to the savings accoun...
Tue, 28 Nov, 2023 at 6:05 PM
Will I get interest on my initial deposit?
Yes, absolutely! Any money you add to this account will be eligible for interest. Interest is calculated on the daily end of the day balance and applicable ...
Tue, 28 Nov, 2023 at 6:05 PM
Are there any balance requirements?
There are no minimum or maximum balance requirements/limits with this account. This is a zero-balance account (no requirement of maintaining a specific mont...
Tue, 28 Nov, 2023 at 6:06 PM