With effect from 1st July 2025, an annual fee of ₹423 + GST shall be applicable on your SBM Niyo Global Debit Card if you have completed one year as of July 1, 2025.
Please note that the annual fee of your card may be waived in case the average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account no. ending XX5929 or SBM Niyo Fixed Deposits (principal amount) during the three months preceding the anniversary month.
Details are as follows:
- For customers completing 1 year on or before July 31, 2025: The Debit Card Annual Fee may be waived subject to a combined average balance of Rs. 5,000 or more being maintained across the SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period April 1, 2025, to June 30, 2025.
- For customers completing 1 year between August 1 and August 31, 2025: The Debit Card Annual Fee may be waived subject to a combined average balance of Rs. 5,000 or more being maintained across the SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the period May 1, 2025, to July 31, 2025.
- Similarly, for subsequent months, the annual fee may be waived if a combined average balance of Rs. 5,000 or more is maintained across SBM Niyo Savings Account and SBM Niyo Fixed Deposits during the preceding three months.
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