What is the forex fee on Niyo Global?

Zero. Niyo Global charges no foreign transaction fee and no forex markup. You get the real Visa exchange rate on every international transaction — compared to 3.5–5% charged by most Indian bank forex cards.

Does TCS apply on Niyo Global spending?

TCS (Tax Collected at Source) of 20% applies on international credit/debit card spending above ₹7 lakh per financial year under LRS rules. This is claimable against your tax liability when filing ITR — it's not a permanent cost, but it does require filing.

How does Niyo Global compare to HDFC Forex card?

Niyo Global uses the Visa rate with zero markup. HDFC Forex cards typically charge 3.5% foreign currency markup plus a cross-currency fee. On a ₹1,00,000 trip, Niyo Global saves you approximately ₹3,500–5,000 versus HDFC.

Debit · Visa8.8/10

Niyo Global Card

Name: Niyo Global Card Review — Forex Fees, ATM Costs & Verdict
Item: Niyo Global Card
Rating: 8.8
Author: Aayush Jain

Reviewed by Aayush JainUpdated May 2026

Zero forex markup card for Indian travellers — spend in 150+ countries at real exchange rates.

Visit Niyo (SBM Bank)

Forex fee

None

ATM fee

Free*

Monthly fee

Free

Network

Visa

Available in

India

ATM detail: 3 free international ATM withdrawals per month. Nominal fee after that.

Our verdict

For Indian travellers, Niyo Global is one of the best options available. Zero forex markup on spending means you get the Visa rate — far better than HDFC, SBI, or ICICI travel cards which charge 3.5–5%. The TCS implication is important to understand but is claimable in your ITR.