Product Details
Bank Name
Federal Bank
Account Name
Federal Bank Salary Account Jupiter
Account Type
Salary account
Interest Rate
3.00%
Free Debit Card
Spacefire Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NEFT Charges
NIL
IMPS Charges
NIL
Fees and Charges
Federal Bank Salary Account Jupiter
Special Features
Loans start at 0% interest.
Users will earn 5X rewards on all debit card and select UPI spends.
Zero Forex charges.
Users can control their account using the Jupiter app.
Eligibility Criteria
To open a Salary account, please ensure that the in-hand salary is more ₹20,000.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Users money is insured up to ₹5,00,000.
Users get a spacefire debit card.
Cons
Low interest rate.
Federal Bank Salary Account Jupiter Review
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Download the Jupiter app and create an account.
Complete the video verification or full KYC process. This will involve submitting documents like your Aadhaar card or PAN card for identity proof, and a clear image of your address proof.
Once your KYC is verified, you'll need to submit your company's name and verify your work email address.
Finally, share your new account details with your HR department and instruct them to credit your salary to your new Jupiter Salary Account within 60 days of opening the account.