Jupiter review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Jupiter suits Indian businesses and travellers who want an easy-access account with a monthly fee of INR 0. The balance earns a variable rate of 2.5% from a minimum deposit of INR 5,000, and support runs on chat, email and phone for day to day questions.
Key facts
- Best for
- A simple rupee everyday account for business and travel money.
- Monthly fee
- ₹0↗
- Currency conversion fee
- 3.5%↗
- Free ATM withdrawals
- ₹3 to ₹5↗
- Transfer fee
- No charge on UPI/NEFT/RTGS; IMPS free for first 3 transactions per month, then Rs2.50 to Rs15 per transaction↗
- Legal entity
- Amica Financial Technologies Private Limited↗
- Headquarters
- India↗
- Founded
- 2019↗
- Support channels
- Chat, Email, Phone, Help-centre, Community↗
- Audience
- Business, Travelers
- Pricing model
- No monthly fee, Low FX fees
- Features
- Digital-only, Free ATM withdrawals
- Official website
- jupiter.money
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXcommunity.jupiter.money
Pros and cons
Pros
- Money moves on demand by UPI, IMPS, NEFT, RTGS, the debit card and a cheque book, with deposits at any Federal Bank branch.
- Payouts can go to bank, cash pickup and wallet, so collections work in more than one place.
- The setup is listed as digital-only and free-atm under digital only and free atm, so admin sits in the app.
Cons
- Currency conversion costs 3.5%, above the everyday account median of 0.22%.
- The rate is variable at 2.5%, below the everyday account median of 3.25%.
- A minimum deposit of INR 5,000 is required, above the everyday account median of €0.
Who it suits
- Business owners in India who want a plain everyday balance at a monthly fee of INR 0.
- Travellers who need UPI, IMPS, NEFT and RTGS access plus Federal Bank branch deposits for cash.
- People happy to run the account from the app, since it is listed as digital-only under digital only and free atm.
Who should look elsewhere
- PayPal Colombia, for anyone who would rather hold a wallet balance than meet a minimum deposit of INR 5,000.
- Skrill, for spenders who feel a currency conversion charge of 3.5% more than a monthly fee of €0.
Safety of your money
Jupiter is regulated in India. The Reserve Bank of India has authorised Amica Payment Services Private Limited as a payment system infrastructure provider under 192/2024, and registered Amica Finance Private Limited as an NBFC under N-13.02457. SEBI registers Amica Investment Advisers Private Limited as an investment adviser under INA000015507, and AMFI has approved the group as an execution only platform under CAT1 EOP-0005.
Who runs it
Behind the Jupiter app is Amica Financial Technologies Private Limited, based in India and founded in 2019. Support runs on chat, email and phone, so phone, chat, email, a help centre and a community are all covered. Regulated work is split across the group, with a Reserve Bank of India payment system infrastructure provider, an NBFC, a SEBI investment adviser and an AMFI execution only platform each registered under its own entity name.
How Jupiter compares
8.7 vs 8.7
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8.7 vs 9.0A monthly fee of €0 there as well, so the deciding factor becomes the 3.5% conversion charge.
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Where Jupiter is available
- Available
- India
- Licence in India
- Reserve Bank of India (PPI issuer, Amica Payment Services Private Limited) (192/2024), checked September 26, 2026
- Licence in India
- National Payments Corporation of India (NPCI, TPAP registration), checked September 26, 2026
- Licence in India
- Reserve Bank of India (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
What does it cost to keep the account open and move money?+
There is no standing monthly charge, with the fee at INR 0. UPI, NEFT and RTGS transfers are uncharged, IMPS is free for a set number of transactions each month and then costs INR 2.50 to INR 15 per transaction, and cash withdrawals carry a free ATM allowance of INR 3 to INR 5.
Is my money safe with Jupiter?+
The group is regulated in India. The Reserve Bank of India has authorised Amica Payment Services Private Limited as a payment system infrastructure provider under 192/2024 and registered Amica Finance Private Limited as an NBFC under N-13.02457. National Payments Corporation of India registers the group as a third-party application provider.
How do I pay money in and get it out?+
Access is on demand: UPI, IMPS, NEFT, RTGS, a debit card and a cheque book all work, and deposits can be made at any Federal Bank branch. Money out goes to bank, cash pickup and wallet, so bank transfers, cash pickup and wallet payouts sit on the same account.
Is there a minimum balance or a fixed term?+
The account is easy access, so withdrawals are not tied to a term. A minimum deposit of INR 5,000 has to be in place, which sits above the everyday account median of €0. The rate is variable, so what the balance earns can move as market rates change.
Who is the account aimed at?+
The stated audience is business and travelers, and the feature set under digital only and free atm is app-first with free ATM withdrawals. That suits a business owner running payments day to day, or a traveller who needs UPI, IMPS, NEFT and RTGS alongside Federal Bank branch deposits for cash.
How does it rank on cost against other accounts?+
The fee side and the cost side pull apart. The monthly fee of INR 0 places Jupiter at 1 among 500 brands on monthly fee, while the currency conversion charge of 3.5% ranks 291 of 312 brands on that measure.
Who runs Jupiter?+
The brand is run by Amica Financial Technologies Private Limited, based in India and founded in 2019. Regulated work sits with separate group entities, including an AMFI execution only platform approval under CAT1 EOP-0005 and a SEBI investment adviser registration under INA000015507.
Sources
- earnkaro.com/blog/jupiter-money-affiliate-program checked September 26, 2026
Backs: Founded
“Establishment Year: 2019 ... Jupiter Money is a 2019 startup”
- jupiter.money checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“issued by partner banks including Federal Bank, CSB Bank, and other partner banks authorised by the Reserve Bank of India (RBI)”
- jupiter.money/contact-us checked September 26, 2026
Backs: Monthly fee, Support channels
“Opening a free no minimum balance Savings Bank Account on Jupiter - powered by Federal Bank - in 3 minutes”
- 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 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.