Jupiter Money review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Jupiter Money suits businesses and travellers in India who want on-demand access more than the highest rate. The easy access account pays 2.5%, under the savings ranking median of 3.08%, so its case rests on fast access and everyday banking costs rather than on what the balance earns.
Key facts
- Best for
- A fee-light easy-access account in India for businesses and travellers whose money moves often rather than sitting still.
- Headline rate
- 2.5%↗
- Rate type
- Variable↗
- Minimum deposit
- ₹5,000↗
- Access terms
- On-demand access: UPI, IMPS, NEFT, RTGS, debit card and cheque book; deposits at any Federal Bank branch↗
- Monthly fee
- ₹0↗
- Account kind
- Easy access↗
- Legal entity
- Amica Financial Technologies Private Limited↗
- Headquarters
- India↗
- Founded
- 2019↗
- Support channels
- Email, Chat, Phone, Help-centre, Community↗
- Pricing model
- No monthly fee, Low FX fees
- Official website
- jupiter.money
Everyday accounts
Money transfer
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- It is listed with the Reserve Bank of India as a payment system provider issuer, 192/2024, and the wider group also holds an RBI non-bank financial company registration.
- Help runs across email, chat and phone, so a phone line, chat, email and a help centre are all listed for account questions.
- Payouts cover bank, cash pickup and wallet, so money can arrive as a bank transfer, as a cash pickup or in a wallet.
- The feature set is digital only and free atm, pairing digital-only service with free ATM withdrawals, while a debit card and cheque book sit in the access terms.
Cons
- The headline rate of 2.5% sits under the savings ranking median of 3.08%.
- Opening the account requires a minimum deposit of INR 5,000, which ranks 292 of 370 on the savings table.
- IMPS transfers past the monthly free allowance cost INR 2.50 to INR 15 per transaction.
Who it suits
- Businesses in India that keep an easy-access balance and pay out to customers often
- Travellers arriving in India who want UPI, IMPS and debit card access on the first day
- Readers who want payouts by bank, cash pickup and wallet without paying a standing monthly charge
Who should look elsewhere
- AXI Card Tarjeta y Credito, whose listed rate of 21.59% is much higher for readers who chase the biggest number
- Plazo ES, whose listed rate of 24.19% is the highest of the alternatives here, if the headline rate is the only measure
- PayPal Colombia, listed at 3.3%, for readers who want a wallet account rather than a savings account
Where it sits among rivals
On headline rate, Jupiter Money sits at 279 of 473 brands tracked, well back from the leaders on that measure. The minimum deposit ranks 292 of 370, a middling entry in the field. Taken together, the two positions describe an account that competes on access and charges rather than on what the balance earns or how little it asks you to start with.
How Jupiter Money compares
8.7 vs 8.6
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Where Jupiter Money is available
- Available
- India
- Licence in India
- Reserve Bank of India (PPI issuer) (192/2024), checked September 26, 2026
- Licence in India
- NPCI (TPAP), checked September 26, 2026
- Licence in India
- RBI (NBFC registration, Amica Finance Private Limited) (N-13.02457), checked September 26, 2026
- Licence in India
- SEBI (Investment Adviser, Amica Investment Advisers Private Limited) (INA000015507), checked September 26, 2026
- Licence in India
- AMFI (CAT-1 Execution only Platform) (CAT1 EOP-0005), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there any monthly cost to keep the account?+
The monthly fee on the easy-access account is INR 0, and the account model is listed as no monthly fee and low fx. Currency conversion is charged at 3.5% with an exchange rate margin of 3.5% added, and cash withdrawals sit inside a free ATM allowance of INR 3 to INR 5.
What does it cost to send money out?+
There is no charge on UPI, NEFT or RTGS transfers from this account. IMPS is free for a set number of transactions each month, after which fees run INR 2.50 to INR 15. Payouts reach bank, cash pickup and wallet.
Who regulates Jupiter Money?+
The Reserve Bank of India lists Jupiter Money as a payment system provider issuer under licence 192/2024. The wider group, Amica Financial Technologies Private Limited, also appears with an RBI non-bank financial company registration, N-13.02457.
How do I pay money in and take money out?+
Access terms cover on-demand withdrawals by UPI, IMPS, NEFT, RTGS, a debit card and a cheque book. Deposits can be made at any Federal Bank branch, and the account kind is easy access, so the balance stays available on demand.
Is the interest rate fixed?+
The rate type is variable and the headline rate stands at 2.5%, against a savings ranking median of 3.08%. The account kind is easy access, so money stays accessible rather than being locked for a term.
Do I need a branch, or is it app based?+
The feature list is digital only and free atm, which pairs digital-only service with free ATM access. That suits people who manage money from a phone, while the debit card and cheque book in the access terms cover the times plastic or paper is needed.
Who is this account built for?+
The stated audience is business and travelers, so the account is aimed at businesses and travellers, and it was founded in 2019. Easy-access payouts suit money that moves regularly rather than money parked for a term.
How much do I need to open the account?+
The minimum deposit is INR 5,000, and that figure ranks 292 of 370 on the savings table, so it sits in the middle of the field rather than at the low end.
Sources
- earnkaro.com/blog/jupiter-money-affiliate-program checked September 26, 2026
Backs: Founded, Headquarters
“Establishment Year: 2019 ... Jupiter Money is a 2019 startup”
- jupiter.money checked September 26, 2026
Backs: Licences
- jupiter.money/contact-us checked September 26, 2026
Backs: Monthly fee
“Opening a free no minimum balance Savings Bank Account on Jupiter - powered by Federal Bank - in 3 minutes”
- jupiter.money/contact-us checked September 26, 2026
Backs: Legal entity, Support channels
“Jupiter Money / Jupiter Edge is wholly owned and operated by Amica Financial Technologies Private Limited”
- jupiter.money/fees-rates-charges checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Exchange rate markup, Headline rate, Minimum deposit, Payout methods, Rate type, Transfer fee, Fee to send 1,000
“3 free transactions per month at non-Federal ATMs in metropolitan regions, 5 free transactions per month in non-metro regions”
- jupiter.money/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Audience, Pricing model
“You can make superfast payments with UPI, IMPS, and debit card - whether it's for recharges, bills, or merchant transactions”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
Jupiter Money
A fee-light easy-access account in India for businesses and travellers whose money moves often rather than sitting still.