Jupiter app full guide 2025 smart savings account

 

Jupiter App Full Guide 2025 – Smart Banking, Zero Balance Account & Auto Savings

The Jupiter app is one of India’s most popular neo-banking platforms. It partners with Federal Bank to provide a zero-balance savings account, instant UPI, debit card, smart savings goals, and automatic spending insights — all in one app.

In simple words, Jupiter = a modern, intelligent bank on your phone.
It helps users save smarter, track expenses, and earn rewards while banking.

Jupiter app debit card fee annual charge

Learn everything about the Jupiter App – a modern neo-banking platform offering zero-balance savings, smart pots, expense tracking, and rewards. Step-by-step setup guide for beginners.

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💡 What is Jupiter App?

Jupiter is a digital banking platform (Neo Bank) designed for young professionals.
Unlike traditional banks, Jupiter focuses on technology, transparency, and simplicity.
It gives you full control of your money with powerful tools like Smart Insights, Auto Save, and Pots (goal-based savings).

Banking Partner: Federal Bank
Type: Neo Banking + Savings + Finance Management
Available On: Android & iOS

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🧭 How Jupiter App Works

Jupiter is not a bank itself — it’s a fintech platform built on top of Federal Bank’s licensed infrastructure.
You open a Federal Bank account through Jupiter, manage all transactions in the app, and enjoy additional features Jupiter provides (tracking, insights, rewards, etc.).

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⚙️ Step-by-Step Setup Guide

Step 1: Download & Sign Up

• Download Jupiter App from Google Play Store / Apple App Store.

• Enter your mobile number linked to Aadhaar.

• Verify with OTP.

Step 2: Complete KYC

• Enter PAN + Aadhaar details.

• Complete video KYC instantly.

• KYC takes around 5–10 minutes.

Step 3: Create Account

• A Federal Bank savings account is created automatically.

• You’ll get an account number, IFSC, and virtual debit card.

Step 4: Add Money

• Add funds via UPI or net banking.

• No minimum balance required.

Step 5: Explore Features

• Activate your UPI ID for payments.

• Set up Smart Pots for goal-based savings (e.g., vacation, emergency fund).

• Use Insights tab to track and analyze expenses.

Step 6: Get Rewards

• Earn Reward Coins for transactions.

• Redeem them for cashback or discounts.

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💰 Top Features of Jupiter App

Feature	Description
Zero Balance Account	No minimum balance required.
UPI + Debit Card	Instant UPI and free virtual/physical debit card.
Auto Save Pots	Automatically save small amounts for goals.
Expense Insights	See where your money goes – food, travel, shopping, etc.
Smart Pay Reminders	Get alerts for bills, rent, or subscriptions.
Rewards System	Earn coins for every transaction.
Salary Account Benefits	Early salary credit, interest up to 4%.
24/7 Support	Chat and support inside the app.

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🔍 Example – Goal-Based Saving (Smart Pots)

Let’s say you want to save ₹10,000 for a Diwali vacation:

1. Go to “Pots” → Create New Pot.

2. Set goal: ₹10,000, duration: 5 months.

3. Jupiter automatically saves ₹2,000 every month.

4. You can view progress anytime and withdraw anytime.

✅ This helps you save consistently without pressure.

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🟢 Pros of Jupiter

1. 100% paperless banking setup.

2. No hidden fees or minimum balance.

3. Smart insights help manage expenses easily.

4. Automatic savings through Pots feature.

5. Attractive design and user-friendly interface.

6. Federal Bank-backed = safe and RBI regulated.

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🔴 Cons of Jupiter

1. No physical branch access (fully online).

2. Limited investment options (no mutual funds or stocks inside).

3. Some advanced features (like Credit Builder) need invites.

4. Customer support sometimes delayed during peak hours.

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📈 Jupiter vs Traditional Bank

Feature	Jupiter	Traditional Bank
Account Opening	Online (2 mins)	Offline (branch visit)
Minimum Balance	₹0	₹2,000–₹10,000
Expense Insights	Yes	No
Goal-based Saving	Yes	Limited
UPI & Rewards	Yes	Basic
Interface	Modern App	Old-style Netbanking

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🧮 Safety & Security

• Jupiter uses Federal Bank’s secure infrastructure.

• RBI-compliant, 256-bit encryption, and two-factor authentication for every transaction.

• Your money stays with Federal Bank, not Jupiter directly.

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📊 User Ratings (as of 2025)

• Google Play: ⭐ 4.4 / 5 (10M+ downloads)

• App Store: ⭐ 4.5 / 5

• Best For: Salary earners, freelancers, and digital-savvy users.

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