Jupiter debit card fees
- Thread starter mohan
- Start date
Sukhdeep0729
KF Ace
Issuance Fee on Physical Debit Card =299+gst
Replacement Fee of Physical Debit Card =299+gst
300 ₹199 + 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
- ₹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 charge
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: 5 free transactions per month at non-Federal ATMs in metropolitan regions, 3 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
100 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
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)
shashishekhar94
KF Ace
Recently, Jupiter Neo Bank has changed its policy.
When I opened account in 2021, everything was free. Zero balance account, no charges on debit fee. After sometimes, it started charges on Debit card ₹199 plus GST.
To get waiver, Jupiter bank asked to keep AMB ₹10,000 including pots, bank balance and FDs.
Now, within 2 years, again it changes policy.
AMB ₹5000 to avoid monthly penalty.
FDs ₹40000 for no debit card charges.
My suggestion to avoid trap in such bank
1. Do not invest in digital gold
2. Do not invest in mutual funds
3. If you didn't open account in Jupiter, please don't open account
I am also going to close my account by end of next year's (because of mutual funds and digital gold).
When I opened account in 2021, everything was free. Zero balance account, no charges on debit fee. After sometimes, it started charges on Debit card ₹199 plus GST.
To get waiver, Jupiter bank asked to keep AMB ₹10,000 including pots, bank balance and FDs.
Now, within 2 years, again it changes policy.
AMB ₹5000 to avoid monthly penalty.
FDs ₹40000 for no debit card charges.
My suggestion to avoid trap in such bank
1. Do not invest in digital gold
2. Do not invest in mutual funds
3. If you didn't open account in Jupiter, please don't open account
I am also going to close my account by end of next year's (because of mutual funds and digital gold).
sherin.real1
KF Ace
Yes, both Jupiter and Fi are following the same path.
Recently, Jupiter Neo Bank has changed its policy.
When I opened account in 2021, everything was free. Zero balance account, no charges on debit fee. After sometimes, it started charges on Debit card ₹199 plus GST.
To get waiver, Jupiter bank asked to keep AMB ₹10,000 including pots, bank balance and FDs.
Now, within 2 years, again it changes policy.
AMB ₹5000 to avoid monthly penalty.
FDs ₹40000 for no debit card charges.
My suggestion to avoid trap in such bank
1. Do not invest in digital gold
2. Do not invest in mutual funds
3. If you didn't open account in Jupiter, please don't open account
I am also going to close my account by end of next year's (because of mutual funds and digital gold)
