What is Niyox Savings Account?
Is digital/online banking synonymous with neobanking? The simplest way of answering this question is that neobanks provide services over and beyond digital banking. The account management as well as all transactions are carried out securely online within a mobile app or the fintech company’s website. Often times the fintechs partner with well established traditional banks to provide banking services and beyond.
NiyoX is a 2-in-1 savings and wealth management account in partnership with Equitas Small Finance Bank and VISA, designed to decode banking for millennials. The core idea is to make banking simple, safe and smart for all. We are decoding banking so you can make informed choices and your money can grow along with you.
The NiyoX app has grown at a fast pace to 10L+ active users since its launch in March 2021, with a new account opening every 30 seconds. With a capability of serving 26000+ pin codes across India, NiyoX aims at providing its banking services to users in the farthest corners of the country, reaching the most underbanked.
Features and benefits of NiyoX digital savings account
- Instant 100% paperless account opening
- 2-in-1 Account
- 7% interest rate on savings account balances
- Zero forex markup
- Enhanced security control
- 0% commission on mutual funds
Make the most of your NiyoX account
- Ensure a secure Passcode for your app. Note: Attempting to login with incorrect Passcode more than 3 times will lock your app for 24 hours and you’ll have to reach out to the Equitas Bank customer care team to reset it.
- For the safety of your account, never share your Passcode, OTP, or ATM PIN with anybody
- Your Virtual VISA Classic Debit Card comes with one-year validity and the limitation of use only for online transactions. So, completing your biometric KYC to get your Physical VISA Platinum Debit Card brings in the freedom to use it anywhere.
- Complete your biometric KYC to enjoy upgraded account limits and interest rate
- Completing your biometric KYC lets you invest in mutual funds and take charge of your investments
- Did you know? You can earn Equinox Points on every transaction you make with your NiyoX account and redeem them for exclusive merchandise.
- Should you need assistance, our in-app Support team is available to help you 24*7
- Our vibrant 50K+ strong Niyo Community is an open platform where you can discuss any Niyo-related or trending banking topics with other active members