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Do I have to maintain a minimum balance in the account?
Niyo Global by SBM is a ZERO balance savings account which means you are not required to maintain a specified monthly balance in your account.
Thu, 9 Sep, 2021 at 3:40 PM
Are there any penalty charges for non maintenance of average monthly balance?
No, there is no penalty charged for non maintenance of average monthly balance.
Thu, 9 Sep, 2021 at 3:41 PM
How is interest calculated on my savings account balance?
For savings account balance up to ₹2 lakh, an interest rate of 3.5% per annum shall apply. For incremental balance above ₹2 lakh up to ₹5 lakh, an interest ...
Thu, 9 Sep, 2021 at 3:41 PM
When is the interest paid out?
Interest on your savings bank balance is paid out on a monthly basis on the first week of every month.
Thu, 9 Sep, 2021 at 4:10 PM
I don't remember my password, what should I do?
Enter your Customer ID on the login page and click on the Forgot Password link. You will receive an OTP on your mobile number which you can enter to reset t...
Fri, 10 Sep, 2021 at 12:45 PM
Can I get a statement from SBM?
Yes, you can get the statement through internet banking or by writing to us on the in-app support.
Fri, 10 Sep, 2021 at 12:45 PM
Is there any FD facility on this account?
We currently do not have FD facility on this account.
Fri, 10 Sep, 2021 at 12:49 PM