NiyoX Full Guide 2025 – Open Zero Balance Digital Account & Save Smartly
🌐 What Is NiyoX (Neo Bank)?
NiyoX is a modern digital banking app built in partnership with Equitas Small Finance Bank.
It offers you a zero-balance savings account, Visa debit card, automatic expense tracking, and investment options — all in one app.
It’s called a neo bank because it’s 100% online — you don’t need to visit a physical branch.
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| NiyoX Full Guide |
Example:
Let’s say you open a NiyoX account from your mobile. Within minutes, you get a virtual debit card, and your account is active. You can start saving, spending, and investing digitally without paperwork.
Step-by-step guide to NiyoX Neo Bank – learn how to open a digital zero balance account, get a free Visa debit card, auto-save, and invest easily.
📲 Step-by-Step Setup Guide
Step 1: Download & Register
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Download NiyoX App from Google Play Store or App Store.
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Open it and register using your mobile number, PAN, and Aadhaar.
Example:
If your PAN number is already linked to Aadhaar, verification will take less than 5 minutes.
Step 2: Complete KYC
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You’ll have two options:
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Video KYC – done through a short live call.
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Physical KYC – bank representative visits your address (optional).
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After this, your zero balance savings account is activated.
Step 3: Get Your Debit Card
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NiyoX gives you:
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A virtual Visa Debit Card (instant use online)
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Option for a physical debit card (delivered to your home)
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You can use it for:
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ATM withdrawals
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Online shopping
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Contactless payments
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Step 4: Add Money & Start Saving
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Link your existing bank account or UPI.
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Transfer money into your NiyoX account.
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Start earning up to 7% interest (as per Equitas SFB rates).
Step 5: Track Spending
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The Money Manager in the app automatically tracks your expenses.
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It categorizes your spending (food, shopping, bills, etc.) with colorful charts.
Example:
If you spend ₹2,000 on Swiggy, ₹3,000 on Amazon — it’ll show you in which area your money is going most.
Step 6: Invest Directly from App
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Invest in:
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Mutual Funds
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Digital Gold
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NPS (National Pension Scheme)
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No commission — direct plans only.
Step 7: Use “Save the Change” Feature
This is a unique auto-saving tool.
Whenever you spend, NiyoX rounds off the amount and saves the spare change.
Example:
If you pay ₹95, ₹5 goes automatically to your savings goal — small steps to big savings.
⭐ Top Features of NiyoX
| Feature | Description |
|---|---|
| 🏦 Zero Balance Account | No minimum balance required |
| 💳 Virtual & Physical Debit Card | Instant virtual card + physical card optional |
| 💰 High Interest Rate | Up to 7% (depends on bank) |
| 📊 Smart Money Manager | AI-based expense tracking |
| ⚙️ Investments in App | Mutual funds, NPS, Digital Gold |
| 🔒 Secure & Paperless | Biometric login + 256-bit encryption |
| 💸 Auto Save (Save the Change) | Rounds up expenses and saves automatically |
✅ Pros of NiyoX
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100% online — no branch visits
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Fast account setup and KYC
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Great for beginners and students
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Expense tracker helps you manage budgets
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Works for savings + investments in one place
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Physical card available with global use
❌ Cons of NiyoX
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Requires internet access at all times
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No physical branches for complex services
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Limited support for large business transactions
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Some features (like card delivery) have small charges
📊 Example Scenario
Priya, a 22-year-old college student, opens a NiyoX account.
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Deposits ₹5,000.
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Spends ₹500 on food, ₹1,000 on Amazon.
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The app automatically shows expense insights.
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She invests ₹500 in a mutual fund via Groww integration.
Now Priya earns interest + learns to save + tracks her money — all in one app.
💡 Tips to Use NiyoX Effectively
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Enable Auto Save for better habit building.
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Use the Expense Insights section weekly.
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Activate UPI payments for smooth transfers.
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Don’t forget to update PAN and Aadhaar for higher limits.
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