Jupiter Savings Bank Account
Jupiter is India’s first and only millennial-focused co-created banking platform. As previously said, Jupiter allows you to register a savings account on their website, but you should be aware that Jupiter does not fully administer your account. According to RBI requirements, their partner Federal bank manages your savings bank account.
As a result, Federal Bank will be linked to all of your banking features. You’ll also get interest rates similar to those offered by Federal Bank, however there’s still some uncertainty because Jupiter doesn’t say it directly on their website. It’s also possible that the Jupiter account is solely for the purpose of using their reward card. We won’t know for sure until it goes live. Keep an eye on this page for updates. We’ll update it as soon as we have more information.
All About Jupiter Money and Cashback
Jupiter is India’s first and only co-created banking platform, allowing users to take control of their finances while also receiving guaranteed cashback on every transaction. We’ve already said that Jupiter allows you to get guaranteed cashback, however the amount of cashback you get or receive is determined on your Firstlist rank and account.
Jupiter allows the user to get guaranteed cashback, but keep in mind that the cashback will be a regulated amount, i.e., Jupiter offers 1% guaranteed cashback on every transaction, but the best part about the Jupiter card is that it offers an incredible 10% cashback rate on every transaction for the first three months, up to Rs1000 per month. Whether you spend and make a transaction via UPI or card swipe, you will receive a guaranteed cashback of 1%.
As above stated, the amount of cashback you receive is determined by your Firstlist position, which means that the amount of cashback you receive is entirely in your control. To explain, as your Firstlist position rises, your cashback rate rises as well, proving that the cashback rate is completely in your control. However, keep in mind that this offer comes with several terms and conditions, but the 1 percent cashback is guaranteed.
Conclusion
So that was the Jupiter Card post. We’ve covered everything there is to know about the Jupiter financial online platform and their cards in this article. If you still have any questions or concerns about Jupiter Card, please ask them in the comments below. We’d be delighted to assist you as soon as possible. Join our FinTalks Facebook Group to continue the conversation and learn more about money.
That’s all I’ve got for now. Thank you for taking the time to read this. Please share this post with your friends and assist them in getting onboard as quickly as possible so that they can collect the most cashback. I’ll be back with another exciting update soon.
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