Niyo Global Zero Forex Card
Travel light, pay right with zero forex markup on international transactions. Our travel-card service has moved to the Niyo Global Zero Forex Card (we previously offered the Thomas Cook Borderless Multi-Currency Card), with zero forex markup and acceptance in 180+ countries. TCS on outward remittances is 2% on education spends (down from 5%) above the Rs 10 lakh per-year threshold from 1 April 2026, and zero on education-loan-funded remittances.
What you get
Zero forex markup
Pay 0% markup on all international transactions. Only the standard VISA exchange rates apply, saving you 3 to 5% on every purchase.
Global acceptance
Use in 180+ countries and 130+ currencies. Widely accepted at all VISA-enabled merchants, ATMs, and online platforms worldwide.
Load in INR
Add money in Indian Rupees. No need to pre-convert to foreign currency. Conversion happens only at the time of transaction.
Lower TCS in 2026
TCS on outward remittances under LRS is now 2% on education spends (down from 5%) and only kicks in above Rs 10 lakh per year. Forex-card loads and international debit-card spend count toward that threshold; international credit-card spend made while overseas is carved out by Income Tax guidance. Education-loan-funded remittances are exempt from TCS entirely.
Earn interest
Earn up to 8% interest per annum on your Niyo digital savings account balance, making your money work for you while you travel.
Easy money management
Withdraw or transfer unused money back to your account in INR without conversion fees. Instant notifications for all transactions.
Pricing
Niyo sets the card fees: the DCB Niyo debit card has no joining or annual fee, and the new DCB Niyo Secured Credit Card (launching now) is lifetime free with no paperwork or credit check. The only ongoing charge is the international ATM withdrawal fee of about Rs 423 + GST per cash pull, so use the card for taps and reserve ATM trips for big-ticket needs. No MS in Germany markup is added.
How it works
Step 1
Apply for the card
Fill out the request form. Our team will contact you to guide you through the application process.
Step 2
Download the Niyo app
Install the Niyo app and register with your details. Verify your identity with PAN and Aadhaar.
Step 3
Choose your card
Pick the DCB Niyo debit card (the default for most students) or the new DCB Niyo Secured Credit Card if you want a lifetime-free credit card with free international lounge access.
Step 4
Complete video KYC
Finish the verification process with a simple video KYC procedure to confirm your identity.
Step 5
Receive your card
Your physical card is delivered to your address within 3 to 5 business days.
Step 6
Load money and travel
Add funds to your card in INR via UPI or bank transfer. You are now ready to use it worldwide with zero forex markup.
Apply for the Niyo Global Zero Forex Card
Fill in your details and our team will guide you through the Niyo Global setup, KYC, and card delivery.
