Jupiter Fee, Rates and Charges
Fair and transparent - Jupiter as a digital first bank ensures that the charges structure is fair and there are no hidden fees. You can find the detailed fee structure below.
Last updated on 03 July, 2022
Savings Account 🏦
Minimum Average Balance | Zero Balance Account |
Interest Rate on Savings Account | 2.75% per year. 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, No charges if used under ₹1,000 ₹1,000 to ₹1 Lakh - ₹5 per transaction ₹1 Lakh to ₹2 Lakhs - ₹15 per transaction above ₹2 Lakhs - ₹17 per transaction |
Debit Card and ATM Charges 💳
Get a physical debit card for the first time | One time Card Fee of Rs. 199 (GST included) will be charged for the Physical Debit Card |
Replacement fees in case of wear and tear or lost card | Card Fee of Rs. 199 (GST included) will be charged for a Physical Debit Card. No charges for Virtual Debit Card |
Yearly charges on debit card | No charges |
Transaction fees if you use Federal bank ATM | No charges |
Transaction fees if you use any ATM other than Federal bank |
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Cash withdrawal from any ATM outside India | ₹100 per cash withdrawal + 3.5% Forex Charges on all international ATM withdrawals |
Balance check or mini statement from any ATM outside India | ₹25 per enquiry |
Cross currency forex charges on international debit card transactions |
Zero Forex Charges on international Debit Card purchase transactions
3.5% Forex Charges on international spends beyond the above mentioned limits Important! The Forex Charges will be levied instantly on all international transactions and will be reversed, if applicable, on a weekly basis Following Forex Charges are applicable starting August 1, 2022,
3.5% Forex Charges on international spends beyond the above mentioned limits Important! The Forex Charges will be levied instantly on all international transactions and will be reversed, if applicable, on a weekly basis |
Transaction decline fee at ATM due to insufficient funds 😱 | At Federal Bank ATM - No Charges At any other ATM - Rs 25 per instance |
Transaction decline fee in stores due to insufficient funds 😥 | No charges |
Branch transactions and others Charges
Get a chequebook |
No charges on first chequebook of 5 leaves Additional requests will be charged at ₹3/- per leaf and courier cost of ₹60/- per kit. 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
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Demand draft against cash
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Fees for NEFT/RTGS transfers | No charges for first 5 transactions per year. After that, you will be charged: |
RTGS at the branch
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NEFT at the branch
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Fees for Branch Visit. For any of the following:
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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 | ₹350 per transaction. ₹180 for return of ECS/NACH transaction for the first time |
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.