NiyoGlobal Money Transfer
Send money abroad at zero forex markup to 130+ countries - education fees, family support & more
Amit Verma
International Finance Expert
Forex Markup
0%
Countries
130+
Transfer Time
Within 72 hrs
Savings
~1.5% cheaper
- Zero platform fees & service charges
- Zero forex markup on transfers
- RBI-compliant under LRS scheme
- End-to-end digital tracking
- Pay via UPI or NEFT
- Save ~₹15,000 on ₹10L transfer
NiyoGlobal offers international money transfers from India to over 130 countries at zero platform fees and zero forex markup. The service is fully regulated under RBI's Liberalised Remittance Scheme (LRS) and backed by compliant partners. With transfers typically completed within 72 hours, Niyo claims to be 1.5% cheaper than other players, potentially saving approximately ₹15,000 on transfers over ₹10 lakhs.
Pros
- Zero platform and service fees
- Lowest rates compared to banks
- Full digital tracking
- SWIFT fee reversal as Niyo Coins
Cons
- ✕Transfer takes up to 72 hours
- ✕SWIFT charges apply (reversed as coins)
How long does the transfer take?
Transfers are typically completed within 72 hours, depending on the destination country and bank.
What is the LRS limit?
Under RBI's Liberalised Remittance Scheme, you can send up to $250,000 (approximately ₹2 crore) per financial year.
Is there any TCS on transfers?
TCS of 5% applies on transfers above ₹7 lakhs in a financial year. For education loans from recognized institutions, TCS is 0.5% above ₹7 lakhs.
Can I track my transfer?
Yes, NiyoGlobal provides end-to-end digital tracking. You can monitor your transfer status in real-time through their website.