Niyo DCB Bank vs Niyo Equitas Bank: Unveiling the Ultimate Comparison for Your Banking Needs!
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- čas přidán 24. 08. 2024
- Welcome to our comprehensive comparison of Niyo DCB Bank and Niyo Equitas Bank! In this in-depth analysis, we'll explore the key features, benefits, and unique offerings of both banks to help you make an informed decision for your banking needs.
#NiyoDCBvsEquitas #NiyoEquitasvsDCB #NiyoDebitCard #BestForexCard #NiyoGlobal #ForexCard #DCBbank #EquitasBank
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Topic Covered:
Niyo DCB vs Equitas Bank
Niyo DCB bank vs Niyo Equitas bank
Niyo Equitas vs DCB bank
Niyo Global Best Forex card
Best forex cards for students in 2024
Debit cards with zero forex markup fees
Forex cards with zero forex markup fees
Best cards for students
🎓 Disclaimer:
This video is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any banking decisions.
Download Niyo App: bit.ly/47Lgdit
Coupon code: BE100 (Get Rs 100 cashback)
‼️ IMPORTANT ‼️
Niyo DCB & Equitas debit cards offer "free airport lounge access at international terminals in India."
In the video, I mistakenly said airport lounge access is available in international airport terminals across the world. which is not correct. apologise for the wrong information.
Niyo Equitas now updated international lounge access throughout the world but not in India.
Just now I downloaded from your link, bhai
2:00 Don't know about Equitas but for DCB debit card, from year 2 onwards there's an annual charge of Rs.500. To avoid this, you need to maintain a minimum balance of Rs.5000.
So it is a zero-balance account only for the first year.
It is a zero-balance account; they don't charge an annual balance maintenance charge.
If you avoid debit card annual fees, then maintain 5k quarterly.
If some money loaded in the DCB global card is left can I transform money from forex to bank account in dcb global i.e., zero balance account or can I withdraw from nearest ATM in India
If I withdraw in India what would be the charges
1. The money is in your DCB savings account; you only use the debit card. When you need the money, you can transfer it online: NEFT, RTGS, UPI, etc.
2. A few ATM transactions are free.
@@bankexpert Thanks and how about charges applicable for swiping the card both domestic and international
Airport Lounge Access is for Indian International Airports only not foreign Intl. airports. Don't confuse audience.
I am sorry. I confirmed with the bank "Free airport lounge access at international terminals in India."
According to the Niyo website, "complimentary airport lounge access at international airport terminals across the world," but they offer very limited customers.
😂 True
Any annual spending criteria to get free lounge access ?
Sir ordered niyo dcb debit card by watching ur video and received it today but I called them and they denying any kind of airport lounge access domestic and internationally. I ordered it especially for lounge access by watching this video . Ok you commented in caption that mistaken it international lounge accesss , Ok but they are also denying inside India for lounge access . Correct me if I’m wrong about this scam??😢😢
They have changed their policies recently. Airport lounge access is only available outside India. If you spend 50,000 quarterly internationally, you get international airport lounge access.
Debit card charges kitna Laga
@@Techzameer7865 zero bhai good for international use but no lounge access keep it in mind
Can you tell me ..what is the meaning of you maintain quarterly ₹5000 for waving off..!? There are 4 qurters in a year means which we should have to maintain yearly ₹5000 or per quarterly(every 3mnths) mainatain.???..that 1 I can't understand....that quarterly maintainance..? Plz give this answer of my question ❓....please reply...please reply sir
Maintain 5,000 every quarter. For an easy way, it is 5,000 yearly.
Niyo credit card or IDFC wow credit card. Which one is better?
Niyo offers airport lounge access.
Bhai recently I heard SBM Niyo Global Credit is not working international. Do you have any idea or have you used your SBM Niyo card in 2024 ?
Niyo SBM debit cards have not worked globally because the RBI banned them. But Niyo credit cards worked globally.
@@bankexpert Actually I already have Niyo SBM Debit and credit card. And sbm credit card was working fine internationally. But recently I head SBM credit card is also not working so I was concerned. So brother Sbm credit card should do the job for me right ? I don't need to get another card.?
Yes correct @mohammadhamza i also faced same issue … i was do disappointed with niyo global credit card…
I was stuck in foreign for 10 days in last i have to borrow money from local indian in abroad.. bullshit this niyo global
Niyo global cards are not servicable in all parts of the country. It rejects your application if your passport pincode is out of there service area
Right, some pin codes are not serviceable. especially J&K and the north east, but some parts of the north east are serviceable.
Hi...I recently got my hands on the NiyoX Platinium Debit Card and will be travelling next month to Kazakhstan. Have never used a Forex card before so could you plez tell me exactly how this works?
I have to pay a local tour operater there who has suggested that I can make payment via card (in Tenge) or in crisp USD notes/cash. In this case, can I swipe my NiyoX Debit card to make payment? Will there be any additional charges?
Also can I use the pre-loaded card with INR directly to exchange currency at the airport for the local (Tenge) currency?
Does this card offer free lounge access at the Delhi international airport?
1. NiyoX Platinium Debit Card offers zero forex markup fee (all your transactions will be charged as per the VISA exchange rate at the time of settlement). very minimal changes compared to other forex cards
2. Yes, you can swipe the NiyoX Platinum Debit Card without any additional charges (expect the VISA exchange rate).
3. The NiyoX Platinum Debit Card is directly linked to your Niyo X account, so you deposit the money in your bank account and use the card internationally (make sure to enable international transactions from the app).
4. Starting 1st April 2024, you can enjoy one complimentary Lounge Pass outside India per quarter when you spend ₹50,000 outside India in a calendar quarter using a single Niyo card. You can pick from any of the 1300+ international airport lounges outside India. (domestic lounge access No minimum spend is required to avail of lounge access.)
After making eligible spends, it could take up to 7 days to unlock Lounge Pass. Explore the list of supported international lounges in the app
I shared that the above information may not be correct because banks may change their policies. So in the app, you have the option to chat with customer care. Please re-confirm the details before you leave India.
Thank you so much for this info...super helpful!
I am going to UK to study, which forex should I take, I am thinking of taking one between Thomas cook and niyo global, in neo global should I take equitis or dcb debit card?
As a student, I suggest you carry two Forex cards with you.
1. HDFC ForexPlus card.
2. Niyo DCB/SBM bank debit card or BookMyForex card.
Currently on the app there is only dcb bank why so? There is no equitas bank
They have removed Equitas Bank from the Niyo aap without any notification.
If we add 250 Euro then it will be added on the exchange rates of that particular day ? And if we spend in abroad then it will from that 250 euros ? Euro rate of that present day will not affect right ?
It will be exchanged in real-time. When you make a transaction, the card will exchange the money in real-time.
I have one important concern. Please reply to this as soon as possible.
I am going abroad, and I have this query.
Haing Niyo DCB or Equitas debit card is fine for the foreign travel right (as they both have zero mark up fee), there is no need to take a credit card or put and FD. Right? Is my understanding clear?
In one sense, this DCB or Equitas debit card are nothing but forex card but at current exchange rate at the point of payment. Right? Kindly let me know if my understanding is clear or am I thinking wrong?
Currently, both the debit cards are working internationally right? Only SBM bank debit card are blocked. Correct?
1. There is no need to take a credit card.
2. Yes, the current exchange rate at the point of payment.
Yes, only SBM bank debit cards are blocked.
Can you please help me with this
1. Can we use this Niyo DCB Debit card in China
2. Is there any tap limit for the card
Please answer this 😢
1. you can use it in china.
2. ₹7.5 Lakhs/day (₹50 Lakhs/month)
Best is SBM niyo credit card. No annual maintenance fees even with zero balance account.
Right
Bhai i have SBM Credit card, recently i used this card in Malaysia, working fine 👍
Thanks for sharing your experience; it will help others make their own decisions.
Both cards, how much reliable?
Both are reliable for daily spending.
@@bankexpert I have downloaded and installed it. While proceeding to open a account, it's showing my PAN no is not valid. But after I checked in efill income tax, it's totally active and valid. How to resolve it
swap k kya charge hai internationally
Koi charges nhi hai
It shows that we are not operational in your area while account opening . WHAT SHOULD I DO ??
Yes, Niyo services are not available in some cities. Try some other addresses.
If I maintain an average Quarterly balance of Rs 5000/- in my Niyo DCB Card, then no annual fee would be charged for all years right ? Or its just for the first year condition ?
for all years.
@@bankexpert Thanks for informing.
This month, I have used neyo equitas debit card (I was travelling to Thailand) it is of no use,
Seriously, no Airport lounge .
No international withdrawal
Nither you can make direct payment .Hopeless
Thanks to existing Axis debit card it saved
Maybe in your case, the card did not work. I used a Niyo SBM debit card in 2022 for my international trip, and it works fine from lounge access to swipe/tap payments.
Thanks for sharing your experience. It helps others make their decisions.
Hi Sidarthadutta. No direct payment means you could not make payment on POS machine? Any response from Niyo?
Yes at POS Machine,
Than payment was made by a different card,
I opened account at equitas bank for this card for airport lounge, international withdrawal & POS transaction.
i used last week niyo credit card app pass for chennai lounge inetrnaltiona one..No dcb no equitas
International ATM WITHDRAWAL Timing ? my DCB bank can’t withdrawal Something error …
24/7
can be used for Interntional ATM withdrawl ?
yes
yes- 1st transaction will be free of cost- 1 transaction per month
( respective bank ATM charges can be applicable)
Thanks for the information. Can you let me know how and when TCS is refunded? If I get a card and make transactions from April, when will TCS for DCB Bank be deducted? and by when will it be refunded if amount is less than 7Lakh
As per RBI guidelines:
Multiple International debit transactions (payments/spending) made in a day, the TCS 20% is deducted on every transactions.
TCS will be refunded back to your account within 1 - 2 hours If you have not crossed limit of 7 Lakh in a financial year on your PAN card level.
is it possible to access the lounges for both cards separately?
is there charge for Equitas card and is it possible to waive it off?
Yes, you can use the lounge separately.
On the Equitas card, there is no charge, except for annual fees.
Sir i have to send fund international bank Account.
Which option would be better online payment mode or debate card swap .
I think online is better.
Niyo DCB account is allow fund transfer in abroad
Hi, Going for working in germany, which is suitable , please respond
Both are good; choose any one.
Niyo SBM Debit Card or Niyo DCB Bank?
Which is better?
Considering RBI notification ..not sure whether Niyo SBM debit card still working ! if somebody has used it recently may update ?
The Niyo DCB Bank debit card is better.
Sir I have DCB bank debit card, does it have free domestic lounge access?
If you have Niyo DCB, then get lounge access.
Im travelling to bali day aftee tomorrow. How to get the card delivered in one day?
It will take 3-5 working days to deliver.
@@bankexpert why kyc verification is taking 48 hours?
While opening equitas saving account with international debit card through neo app will they ask passport details bcoz i dont have passport, i am going to use it only for online purchase
I think passport details are necessary to complete the KYC.
in this case you can apply for equitas NiyoX account/card. passport is not required
Hello sir next month i am going to dubai, can i add money to my dcb debit card after going to dubai using upi?
Yes, you can. Make sure UPI is working there.
Will equitas bank charge card renewal fees from 2nd year or will it also be waived off. And do these cards work in Indonesia Bali
Card charge: An issuance fee of ₹234.82 (₹199 + GST) is applicable on debit card (refunded on first load of ₹1,000 or more)
@@bankexpert Its for first year what about second year?
If i swipe card, then how much charge is deducted??
no hidden charges
arey bhai lounge access sirf international airports india me hai not all over the world
Bhai niyo ke official website pe toh yahi likha hai "international airport terminals across the world."
@@bankexpert FAQ dekho theek se, mene support se pucha hai mere pass dono card hai that's why I'm saying, check FAQ ka first question and usme scroll karo lounge access par
@@bankexpertMujhe India ke international airport me nahi mila lounge access. I have SBM Niyo Global Credit Card. App ke through QR Code generate kar ke lounge me dikhaya. They scanned the card and said that it has been rejected.
Can we do international online transaction?
Yes you can
dcb bank debit card has amc of 500 +gst for dcb savings acc from 2nd yr..pls note
Right, Card charges: (₹500 + GST) will be waived off on average quarterly balance of ₹5,000.
sir 1 cheej to btayi nhi ki iski international widrawl limit kitni hai bcoz equitas ki to year mai 5 lakh hai or month mai 2 lakh and niyo dcb bank ki limit jarur btayie...mujhe widrawl krna hai internatinoaly very soon
Niyo DCB Bank ATM- International*
Per Txn: INR 1,00,000
Per day: INR 1,00,000
Per Month: INR 2,00,000
Per Year: INR 5,00,000
Niyo equitos or book my forex card ?
equitas
Card par charges lgta hai
DCB second year se 500 + GST charge krta hai.
Can i top up the card with upi?
This debit card is linked to your bank, so you can transfer the money to your bank account and use the debit card.
Bhai niyo dcb debit card se inside india international airports pr free lounge access milega?
Nhi sirf international airport pe lounge access milega.
International airport means DELHI & MUMBAI am i right
Travel declaration fill karna hota hai kya before traveling to abroad? I have niyo DCB but travel declaration ka option nhi aa raha
Travel declaration fill nahi karna hota.
Tcs get refunded but it take times to get into ur account so one has to be carefull wht u withdraws and patience
Is Its works in Netherlands?
Yes
In your last video you told us RBI banned Debit card ♦️ ..... Abhi bolre 150 country me use kr skte
Wo Niyo SBM bank ka debit card RBI ne Ban kiya hai.
Sir best bank konsa rahega dcb ya euties
Dono he sahi hai
Is there a opening fee for dcb bank account
No
Thanks for sharing 🙏
Bhai agar mujhe bank change krne ho toh vo kaise kare?
new account open krke
Fun fact : they'll still charge 20% Tax on every transaction 😂
But they refund within a few hours.
Not true, for the no card charges in DCB you need average balance of 5000
but they mentioned it on their website.
@@bankexpert in FAQ on website it is there for card access you need to keep that balance
Is it true that RBI banned Niyo debit card ?
Only Niyo SBM bank debit cards are banned.
1. Which one is the best Neo DCB debit card or credit card 💳.
( am a seafarer)
2. Brother, I want to ask about maintaining a specific amount .. like ex. If want to purchase something cost of 40k then should I need to add 40k for maintenance & 40k for my purchase total 80k. Or else I can add 45k and I will spend 40k for my purchase. And remaining 5k will be in a/c (that amount I will maintain)
.
.
Please help me brother…
Now, no top-up feature is available on Niyo credit cards. that means if you spend 40k you have to make 40k FD when bill generate you have to pay. So I suggest you go with the Niyo DCB debit card.
@@bankexpertafter generating the bill, so I can pay through my FD amount right ! Or else you want to say FD amount will lock.
And I have to pay separately 40k ?
Atm withdrawal limit pr day
Niyo DCB: ATM- International INR 1,00,000 per day, INR 5,00,000 per month
Zero mark up debit card which is best?
Both are offers. zero forex markup fees
Sir will this card works in countries like UAE and TURKEY
Yes
Passbook bro
NO
Don't even think of taking niyo card.
They se are cheaters.. Actually thieves. They market themselves as zero forex markup but their rates are way too high.
I made payment for two Vietnam visa applications - one with niyo.. it cost me 2565 whereas with idfc card 2200 including the markup fee.
Now you decide
Thanks for sharing your experience. It will help others understand. I am using Niyo DCB Bank Debit for my Singapore trip; it really offers zero forex markup, and I made one transaction on my HDFC credit card; they charge a lot.
Why this shit card is needed when we have ixigo card and scapia?
Scapia does not accept new applications. And Niyo cards are good; I use them.
Sir international atm cash withdrawal ki limit per day kya hai equitas ki
The International ATM withdrawal limits applicable to NIYO Equitas international VISA Platinum debit card are Rs 1 lakh per day , cumulative of 2 lakhs per month and Rs 5 lakhs per annum.