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Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card

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Abhishek012

Abhishek012

TF Pioneer
Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card:

Note - account on-boarding will start from April, 2024.

Link:

Utkarsh Niyo Savings Account​

Experience the convenience of new age banking with our Zero Balance Account, designed to simplify your financial journey.

Earn high interest rates of up to 7.75%* PA with Utkarsh Niyo Savings Account.

What’s more! Despite a zero balance Account, the Bank in partnership with Niyo offers Co-Branded Debit Cards of two variants with RuPay.

1. RuPay Contactless International Platinum Debit Card
2. RuPay Contactless International Classic Debit Card
To make transactions even more effortless, the RuPay Debit Card comes equipped with Tap & Pay functionality.

Benefits -

  • Complete Digital Account Opening Process on NiyoX App
  • Zero Balance Account
  • Instant Generation of Virtual Debit Card & On demand Physical Debit Card
  • Earn Higher Rate of interest upto 7.75% p.a*
  • Exclusive Cashback and Discount Offers
  • Lounge Access at Domestics Airports
Fees & Charges -

  • Video KYC is completely Free
  • Zero minimum balance/non-maintenance fee
  • For complete details on fees & charges , Please Click here
Interest Rate -

Balance in ₹Rate of Interest w.e.f 1stNovember 2023
Balance up to ₹ 1 Lakh4.00% p.a.
Incremental Balance above ₹ 1 Lakh up to ₹ 5 Lakhs6.25% p.a.
Incremental Balance above ₹ 5 Lakhs up to ₹ 50 Lakhs7.50% p.a.
Incremental Balance above ₹ 50 Lakhs up to ₹ 10 Crore7.25% p.a.
Incremental Balance above ₹ 10 Crore upto ₹ 50 Crore7.50% p.a.
Incremental Balance above ₹ 50 Crore7.75% p.a.
* T&C Apply

*Important Point: No Additional Interest Rate for Senior Citizen.

RuPay Classic Contactless International Debit Card -

Issuance/annual fee - Rs250

RuPay Platinum Contactless International Debit Card -

Issuance/annual fee - Rs300

FAQs​

What is an Utkarsh Niyo Savings Account ?

Utkarsh Niyo Savings Account is a Digitally opened Savings Account offered by Utkarsh Small Finance Bank in collaboration with Niyo.

What are the features of the Utkarsh Niyo Account ?

Utkarsh Niyo Savings Account comes with all the digital experience and exciting features:
● A Complete Digital Onboarding Process with easy access to banking features via the NiyoX mobile App.
● Zero Balance Account with Nil Maintenance Charges
● Higher Rate of Interest on Savings Account Balance as per Bank’s Current Rate
● Instant Generation of RuPay Classic Virtual Card – Free of cost [only for E-Com]
● One App to manage all your Debit Cards,transaction limits, beneficiary management and fund transfers.
● Exclusive Domestic Airport Lounge Access [One Per Quarter] for RuPay Contactless International Platinum Debit Card Holders
● Exclusive feature to get your mobile number as a part of your Account number*
● Debit Card with Tap & Pay along with Global Acceptance**
● 5 Cheque Leaves, Free of Cost
● A super-user-centric App with enhanced security to control and monitor transactions.
● 24*7 access to the support team via Chat
*Your registered mobile number [used for Account opening] will be used in your 16-digit Account number **Bank will levy applicable forex charges on international transactions

How can I open the Utkarsh Niyo Savings Account ?

We are offering a complete Digital Savings Account opening process, please download the Niyo X App and follow the below-mentioned steps:
● Complete the full KYC with Aadhaar, PAN Card, and the video KYC method.
● Your Account will be ready with a virtual card to use for online transactions.
● You can choose to apply for a physical Debit Card to transact at a POS or ATM.

What documents do I need to complete the video KYC ?

Video KYC process is quite easy. Please keep the following documents available with you before starting the call.
● Original PAN Card
● A white sheet of paper and a blue ball pen.
● A device [mobile, tablet, laptop, or desktop] with good internet speed.
 
Last edited:
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Tejo

Tejo

TF Legend
Abhishek012 said:
Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card:

Note - account on-boarding will start from April, 2024.

Link:

Utkarsh Niyo Savings Account​

Experience the convenience of new age banking with our Zero Balance Account, designed to simplify your financial journey.

Earn high interest rates of up to 7.75%* PA with Utkarsh Niyo Savings Account.

What’s more! Despite a zero balance Account, the Bank in partnership with Niyo offers Co-Branded Debit Cards of two variants with RuPay.

1. RuPay Contactless International Platinum Debit Card
2. RuPay Contactless International Classic Debit Card
To make transactions even more effortless, the RuPay Debit Card comes equipped with Tap & Pay functionality.

Benefits -

  • Complete Digital Account Opening Process on NiyoX App
  • Zero Balance Account
  • Instant Generation of Virtual Debit Card & On demand Physical Debit Card
  • Earn Higher Rate of interest upto 7.75% p.a*
  • Exclusive Cashback and Discount Offers
  • Lounge Access at Domestics Airports
Fees & Charges -

  • Video KYC is completely Free
  • Zero minimum balance/non-maintenance fee
  • For complete details on fees & charges , Please Click here
Interest Rate -

Balance in ₹Rate of Interest w.e.f 1stNovember 2023
Balance up to ₹ 1 Lakh4.00% p.a.
Incremental Balance above ₹ 1 Lakh up to ₹ 5 Lakhs6.25% p.a.
Incremental Balance above ₹ 5 Lakhs up to ₹ 50 Lakhs7.50% p.a.
Incremental Balance above ₹ 50 Lakhs up to ₹ 10 Crore7.25% p.a.
Incremental Balance above ₹ 10 Crore upto ₹ 50 Crore7.50% p.a.
Incremental Balance above ₹ 50 Crore7.75% p.a.
* T&C Apply

*Important Point: No Additional Interest Rate for Senior Citizen.

RuPay Classic Contactless International Debit Card -

Issuance/annual fee - Rs250

RuPay Platinum Contactless International Debit Card -

Issuance/annual fee - Rs300

FAQs​

What is an Utkarsh Niyo Savings Account ?

Utkarsh Niyo Savings Account is a Digitally opened Savings Account offered by Utkarsh Small Finance Bank in collaboration with Niyo.

What are the features of the Utkarsh Niyo Account ?

Utkarsh Niyo Savings Account comes with all the digital experience and exciting features:
● A Complete Digital Onboarding Process with easy access to banking features via the NiyoX mobile App.
● Zero Balance Account with Nil Maintenance Charges
● Higher Rate of Interest on Savings Account Balance as per Bank’s Current Rate
● Instant Generation of RuPay Classic Virtual Card – Free of cost [only for E-Com]
● One App to manage all your Debit Cards,transaction limits, beneficiary management and fund transfers.
● Exclusive Domestic Airport Lounge Access [One Per Quarter] for RuPay Contactless International Platinum Debit Card Holders
● Exclusive feature to get your mobile number as a part of your Account number*
● Debit Card with Tap & Pay along with Global Acceptance**
● 5 Cheque Leaves, Free of Cost
● A super-user-centric App with enhanced security to control and monitor transactions.
● 24*7 access to the support team via Chat
*Your registered mobile number [used for Account opening] will be used in your 16-digit Account number **Bank will levy applicable forex charges on international transactions

How can I open the Utkarsh Niyo Savings Account ?

We are offering a complete Digital Savings Account opening process, please download the Niyo X App and follow the below-mentioned steps:
● Complete the full KYC with Aadhaar, PAN Card, and the video KYC method.
● Your Account will be ready with a virtual card to use for online transactions.
● You can choose to apply for a physical Debit Card to transact at a POS or ATM.

What documents do I need to complete the video KYC ?

Video KYC process is quite easy. Please keep the following documents available with you before starting the call.
● Original PAN Card
● A white sheet of paper and a blue ball pen.
● A device [mobile, tablet, laptop, or desktop] with good internet speed.
Click to expand...
First confirm about renewal confirmation of platinum amazon utility offer......
 
Upvote 0 Downvote
dvader

dvader

TF Premier
I just opened this account in early access. Few bugs/crashes during the process, vKYC was from browser so no issues there, In total it took 30-40 minutes to open the account. I am impressed with Niyo's seamless opening. All digital accounts I have opened till now took few hours to generate account number. This was way faster.

account number is: <6 digit code><your 10 digit mobile number>

IFSC code given is strangly from neighbouring/nearby city, Even though my city has 6 utkarsh branches. I don't know how they messed that up.
 
Upvote 0 Downvote
doraemon

doraemon

TF Legend
dvader said:
I just opened this account in early access. Few bugs/crashes during the process, vKYC was from browser so no issues there, In total it took 30-40 minutes to open the account. I am impressed with Niyo's seamless opening. All digital accounts I have opened till now took few hours to generate account number. This was way faster.

account number is: <6 digit code><your 10 digit mobile number>

IFSC code given is strangly from neighbouring/nearby city, Even though my city has 6 utkarsh branches. I don't know how they messed that up.
Click to expand...
How did u open?
From where
And Aaj to Sunday hai to vkyc kaise?
 
Upvote 0 Downvote
dvader

dvader

TF Premier
doraemon said:
How did u open?
From where
And Aaj to Sunday hai to vkyc kaise?
Click to expand...
NiyoX mobile app. I am new to NiyoX (jfyi). Signed up, on the landing page there was an adv for Utkarsh. Clicked it to see it's on early access, started the process and I was also surprised about the vKYC was working on a Sunday but the entire process finished in 5-10 minutes (minus the app crashes and a chat with NiyoX support regarding char limit on Father's name) and in another 30 minutes I received an email and SMS from Utkarsh bank. The app crashed for a few more times and failed to load any details. I launched the app after 10 minutes and all was good.

Note: I don't see an option to apply for physical card. May be they haven't opened it in early access and are just testing the process.
 
Upvote 0 Downvote
doraemon

doraemon

TF Legend
varun__goel_ said:
Ask AU to issue Rupay Platinum card. It is much better than this chindi 0.16%

But first wait till March end as there's no confirmation regarding offer renewal
Click to expand...
Most probably offer is going to renew
Acha my question for u bro
I have finacare account
So after 1 April will it become au bank account ?
Which variant?
It's mini kyc account
 
Upvote 0 Downvote
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