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 1 September, 2021
Savings Account 🏦
|Minimum Average Balance||Zero Balance Account|
|Interest Rate on Savings Account||2.5% 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 - ₹10 per transaction
Debit Card and ATM Charges 💳
|Get a physical debit card for the first time||No charges|
|Replacement fees in case of wear and tear or lost card||No charges|
|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||
|Cash withdrawal from any ATM outside India||₹100 per cash withdarwal + 3.5% forex charges|
|Balance check or mini statement from any ATM outside India||₹25 per enquiry|
|Cross currency forex charges on international debit card transactions||3.5% forex charges|
|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
Demand draft against cash
|Fees for NEFT/RTGS transfers||No charges for first 5 transactions per year. After that, you will be charged:|
RTGS at the branch
NEFT at the branch
Fees for Branch Visit. For any of the following:
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|
Closure can be initiated from the branch
Within 6 months - ₹100
After 6 months before 12 months - ₹300
After 12 months - no charges
Note: No charges if the account is closed within 14 days from the first deposit into the account.
|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.