Jupiter and partner bank Fee, Rates and Charges

Fair and transparent - Jupiter as a digital first platform ensures that the charges structure is fair and there are no hidden fees. You can find the detailed fee structure below.

Last updated on 21 November, 2024

Savings Account 🏦

Issued by Federal Bank

Minimum average monthly balance Maintain as low as ₹5,000 average monthly balance to avoid charges of up to ₹200 every month
Interest Rate on Savings Account
EOD Balance Slabs Final Rate of Interest (%)
< 5 lakhs 3.05
5 lakhs - < 50 lakhs 3.10
50 lakhs - < 2 crores 3.75
2 crores - < 5 crores 4.00
5 crores - < 50 crores 3.05% for balance up to and including ₹1L
5.50% for the remaining balance above ₹1L
50 crores - < 175 crores 3.05% for balance up to and including ₹1L
6.00% for the remaining balance above ₹1L
175 crores - < 300 crores 3.05% for balance up to and including ₹1L
5.85% for the remaining balance above ₹1L
> 300 crores 3.05% for balance up to and including ₹1L
5.70% for the remaining balance above ₹1L

Note: Interest calculated on progressive balances in each of the interest rate slabs applicable.

More details

Digital Payments and Transactions 📱

Online Payments - NEFT/RTGS/UPI No charges. Period.
Online Payments - IMPS No charges for first 5 transactions
From 6th IMPS transaction in a month,
  • ₹1 to ₹1000 - ₹2.50 per transaction
  • ₹1000 to ₹25,000 - ₹5 per transaction
  • ₹25,000 to ₹1 Lakh - ₹7 per transaction
  • ₹1 Lakh to ₹2 Lakhs - ₹15 per transaction
  • ₹2 Lakhs to ₹5 Lakhs - ₹15 per transaction

Debit Card and ATM Charges 💳

Issuance Fee on Physical Debit Card ₹299+GST
Replacement Fee of Physical Debit Card ₹299+GST
Annual Fee on Debit Card ₹300 + GST
There is no annual fee for the first year and is applicable from 2nd year onwards.

The annual fee will be waived off for users who meet any one of the following conditions:
  • Applicable merchant spends* of minimum ₹25,000 in the succeeding 12 months from the card issuance date
  • PRO account for any 6 out of 12 months from the card issuance date
  • Salary account for any 6 out of 12 months from the card issuance date

Annual fee is applicable to both virtual and physical debit cards.
Transaction fees if you use Federal bank ATM No charges
Transaction fees if you use any ATM other than Federal bank The following limits and charges will be applicable starting October 1, 2023:
  • For Basic & PRO users: 3 free transactions per month at non-Federal ATMs in metropolitan regions, 5 free transactions per month in non-metro regions
  • Salary account holders: 10 free transactions per month at non-Federal ATMs
  • Once your limit for free transactions at non-Federal ATMs has been exhausted, a fee of ₹21 will apply for each cash withdrawal, and ₹11 for non-financial transactions, exclusive of GST
Cash withdrawal from any ATM outside India ₹200 per cash withdrawal + 3.5% Forex charges on all international ATM withdrawals.
Other banks may charge fees for usage of their ATM for cash withdrawal outside India. These charges will need to be borne by the customer.
Balance check or mini statement from any ATM outside India ₹25 per enquiry
Cross currency charges on international debit card transactions Charges on international payments with your Debit Card:

Forex Fees:
  • PRO and Salary account holders:
    • Up to ₹ 25,000 per month (for PRO Account)
    • Upto ₹ 1,00,000 per month (for Salary Account)
    • Beyond the aforementioned limits, you will be charged 3.5% Forex Fees
  • For Savings Account holders, 3.5% Forex Fees will be charged on all spends
  • Please note: The Forex charges will be levied instantly on all international transactions and will be reversed, if applicable, on a weekly basis. Forex fee (for all users) levied on ATM transactions will not be reversed

Dynamic Currency Conversion (DCC) charges:
You will be charged 1% DCC charges exclusive of GST on all international transactions if the spend is deducted in INR. This charge will be applicable starting October 1, 2023.
Transaction decline fee at ATM and and on all purchase transactions due to insufficient funds No charges for the first 2 transaction declines in a calendar month. Charges from 3rd decline with the same error in a calendar month -
  • Domestic Transaction Failure - ₹25/instance (excluding GST)
  • International Transaction Failure - ₹100/instance (excluding GST)
Transaction decline fee on all transactions due to Invalid CVV, Transaction Channel Being Deactivated, Withdrawal Limit Exceeded, Blocked Card, Incorrect PIN or Blocked due to Excessive PIN tries No charges for the first 2 transaction declines in a calendar month. Charges from 3rd decline with the same error in a calendar month -
  • Domestic Transaction Failure - ₹25/instance (excluding GST)
  • International Transaction Failure - ₹100/instance (excluding GST)

Branch transactions and others Charges

Get a chequebook

No charges on 1st cheque book of 5 leaves

Additional requests will be charged at ₹100 (excluding GST) for a cheque book containing 5 leaves.

Chequebook facility is only available for Verified (FKYC Completed) members.
Demand draft 1 demand draft free, once a year.
After that, you will be charged:
Issued against bank account debit
  • ₹30 for draft upto ₹5,000
  • ₹50 for draft from ₹5,001 to ₹10,000
  • ₹4 per ₹1,000. Subject to a minimum of ₹50 - For draft from ₹10,001 to ₹1,00,00
  • ₹4 per 1000 subject to a maximum of ₹10,000 - For draft from ₹1,00,001 and above
Demand draft against cash
  • ₹100 for draft upto ₹10,000(including GST)
  • ₹8 per ₹1,000. Subject to a minimum of ₹100 - For draft from ₹10,001 to a max of ₹49,999(including GST)
Fees for NEFT/RTGS transfers No charges for first 5 transactions per year. After that, you will be charged:
RTGS at the branch
  • ₹20 per transaction for ₹2 lacs to ₹5 lac
  • ₹45 per transaction above ₹5 lakhs
NEFT at the branch
  • ₹2 per transaction upto ₹10,000
  • ₹4 per transaction from ₹10,001 to ₹1 lac
  • ₹14 per transaction from ₹1,00,001 to ₹2 lacs
  • ₹20 per transaction for ₹2 lacs and above
Fees for Branch Visit. For any of the following:
  • Address Confirmation
  • Photo Attestation
  • Balance Confirmation
  • Signature Verification
  • Cheque
  • Electronic clearing services (ECS)
  • Demand Darft (DD) cancellation
  • Bank Statement
 No charges for 5 visits per year.
Any other requests, ₹100 per visit
Charges incase you fail to honour standing instructions for recurring deposit, mutual funds SIPs ₹100 per instance. Only first return in a month will be charged
Electronic Clearing service (ECS) or National Automated clearing house (NACH) debit failure
For SB accounts
  • ₹ 250/- for first return of a particular ECS/NACH mandate.
  • ₹ 500/- per subsequent returns.
  • Return charges will be collected for a maximum of three returns per month for each mandate.
Account Closure Closure charges basis number of days from account opening date
Upto 14 days : No Charges
Between 14 and 180 days : Rs. 118 (includes GST)
More than 180 days : No Charges
Charges related to Locker, Cheque Collection or any other Charges More details

Note 1: Any charges mentioned specifically in this page would have precedence over here.

Note 2: If not mentioned explicitly, these charges are exclusive of GST, so an additional 18% GST would be applicable.

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