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 15 May, 2025
Savings Account 🏦
Issued by 
| 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 |
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,
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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:
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:
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| 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:
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 |
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| Transaction decline fee on all transactions due to Invalid CVV, Transaction Channel Being Deactivated, Insufficient Funds, Withdrawal Limit Exceeded, Blocked Card, Decline at POS and PG, 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 -
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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
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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 |
For SB accounts
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| 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.
