do you want to know What is Jupiter Banking App? How does it work? And what is Neo Bank? So this blog post is just for you, after reading this you will get the answer to all your questions easily.

Jupiter (Jupiter) one Neobank It is a transparent, hassle-free account with no minimum balance and no hidden bank charges. banking The experience is designed to create. It provides useful insights to customers as to how and where they are spending their hard earned money.

By using this app you can do your Neo Banking bank account You can open that too just by using your smartphone.

Sign up for their waiting list and earn an assured 1% cashback for every transaction done using the app or their smart debit card.

How does a Jupiter account work? – How Jupiter Account Works in English?

Jupiter an upcoming digital banking App that helps Millennials to keep track of their expenses. It seeks to develop a banking experience that benefits the customer and aligns with their financial goals. The Jupiter app can provide you with valuable information about your spending habits and portfolio.

The Jupiter app is currently in Early Access. To be on the list, visit Jupiter’s website and fill out the form to be a part of its next list!

Amika Financial Technologies Pvt Ltd Powered by , Jupiter can be downloaded from Play Store or Apple App Store. Once downloaded, the app will ask you phone number who asks for your Aadhar Card is linked to. You’ll receive a bizarre invitation from Jupiter, which looks like a boarding pass, inviting you to enter the world of Jupiter.

app It also asks for a number of permissions, including access to location, sending and viewing SMS messages and calls, etc.

Jupiter has federal bank where a user is essentially neobanking Opens an account while using the app. To open a bank account, the app also has a step for eKYC, where you need to enter your PAN card number and then Aadhar card.

Once these details are verified, the account is activated and starts working almost instantly as the app claims. The Jupiter app has an orange and white user interface, with your name appearing on the top bar. Jupiter also integrates all your other bank accounts and shows your total balance at the top of the screen.

The app also lets users take screenshots for security reasons. Depositing and making payments is also quite hassle free. To deposit money, all you have to do is click on the Deposit Money button and it gets linked to your other account, which has activated UPI (Unified Payments Interface). Payments can be made by clicking on a barcode icon, which keeps murmuring up and down at the bottom center of the screen.

What are Neo-Banks? – What is Neo-banking in English?

neo-bank Only online banking technology (Fintech) companies that are completely digital by way of mobile app operated through. Simply put, Neo-Bank without any physical branch digital bank Huh.

How Neo Banks are different from Traditional Banks?

technology and technology to offer a range of personalized services to Neo-Bank customers Artificial Intelligence (AI) is disrupting the traditional banking system. On the other hand, traditional banks follow an omni-channel approach i.e. physical (through branches and ATMs) and digital banking presence to offer both products and services.

From customer acquisition to traditional banking services such as remittances, money transfers, utility payments and personal finance, Neo-Banks offer a wide range of customers across retail and small to medium enterprise (SME) categories. Typically, Neo-Banks apply a design thinking approach to a particular banking sector and tailor their products and services in a way that makes banking simple and convenient for the end-users.

Key Features of Jupiter App

  • Convenient on-the-go banking. Use the Jupiter App to Access Your Bank Account Anytime, Anywhere
  • Zero balance account. No minimum average balance required to be maintained in Jupiter Bank
  • assured cashback. Earn 1% cashback on every purchase made with Jupiter’s Smart Debit Card or every spend with UPI
  • Free Debit Card. Jupiter offers lifetime free debit card. No charge for replacement of old or lost cards
  • no hidden charges. There are no hidden fees or bank charges for Jupiter. It promises a completely transparent banking experience
  • Real-time insight into spending habits. Jupiter works as an expense tracker and provides real-time insight into your spending habits
  • 24×7 customer support. Get your questions answered any time of day with Jupiter’s online customer support.

Jupiter App Fees and Limitations

Jupiter provides a transparent banking experience. Although creating an account is free, some services incur fees:

First 5 IMPS transfers every month are free. From 6th IMPS transaction of the month, additional charges of ₹5 per transaction (between ₹1,000 – ₹1 lakh) and ₹10 per transaction (between ₹1 lakh to ₹2 lakh)

Transaction fees apply at any ATM other than Federal Bank. After the fee-free limit (5 cash or non-cash transactions per month), all cash and non-cash transactions are charged ₹20 and ₹10 per transaction respectively.

Account closure is Chargeable. There will be a charge of ₹100 for closing your Jupiter account.

With assured cashback on every spend and zero balance savings account, Jupiter is a good savings account to consider. In addition, real-time tracking of spending habits is a useful tool for millennials to understand how and where they spend their money.

However, the Jupiter app is still in its early stages and it will take some time for its services to become available to the public. But, you can join Jupiter’s waiting list. Registered users will get extra cashback for the first three months.

How to sign up on Jupiter app?

The Jupiter app is still in the early access stage. you Jupiter Website You can sign up for its waiting list.

Read also:

What is Fi Money App? How does it work?

What is eRUPI? full details

We hope that after reading this blog post your questions What is Jupiter Banking App? How does (Jupiter Banking App in English) work? And what is Neo Bank? You will get the answer of all these questions easily.