How safe & secure is the Niyo SBM account?

Created by Dada Khalandar khalandar S, Modified on Fri, 28 Mar at 4:29 PM by Dada Khalandar khalandar S

The Niyo Global account with SBM is as safe as any traditional bank.

Your money gets safely deposited with SBM (State Bank of Mauritius).

This savings account follows all the regulatory guidelines by the Reserve Bank of India (RBI).

Your money is also insured for up to ₹5 lakhs covered under the Deposit Insurance and Credit Guarantee Corporation, a wholly-owned subsidiary of the Reserve Bank of India (RBI)