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Exclusive Savings Account with Jana Small Finance Bank: Is it Too Good to be True?

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Gabbar.Singh

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I am evaluating the Exclusive Savings Account offered by Jana Small Finance Bank, which includes a RuPay Select Debit Card with benefits such as access to domestic and international airport lounges. Furthermore, the bank claims no non-maintenance of AMB ((Average Monthly Balance) charges. While this appears to be an attractive offer, I would appreciate information on any potential drawbacks or limitations associated with banking with Jana Small Finance Bank.
 
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I received a message from JSFB that reads:

"Dear Customer, The charges for Non-Maintenance of AMB and rewards criteria have been revised. For more details, please visit our website, contact your nearest branch, or call us at 1800 2080. Regards -JSFB"

I feel misled. Maintaining an Average Monthly Balance (AMB) of 3 lakhs solely for a RuPay Select debit card doesn’t seem reasonable. Am I right to feel this way?
 
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Gabbar.Singh said:
I received a message from JSFB that reads:

"Dear Customer, The charges for Non-Maintenance of AMB and rewards criteria have been revised. For more details, please visit our website, contact your nearest branch, or call us at 1800 2080. Regards -JSFB"

I feel misled. Maintaining an Average Monthly Balance (AMB) of 3 lakhs solely for a RuPay Select debit card doesn’t seem reasonable. Am I right to feel this way?
Click to expand...
I too recieved the same msg but cannot see the revised changes link.. also cannot find the the newest fees and charges schedule pdf on their site. The latest one there is from 25 sept which clearly states no charges on non maintainance of amb.

Does anyone have the revised charges link?
 
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Gabbar.Singh said:
I received a message from JSFB that reads:

"Dear Customer, The charges for Non-Maintenance of AMB and rewards criteria have been revised. For more details, please visit our website, contact your nearest branch, or call us at 1800 2080. Regards -JSFB"

I feel misled. Maintaining an Average Monthly Balance (AMB) of 3 lakhs solely for a RuPay Select debit card doesn’t seem reasonable. Am I right to feel this way?
Click to expand...
i also received the same sms, let's wait and see 😉
 
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Gabbar.Singh said:
I received a message from JSFB that reads:

"Dear Customer, The charges for Non-Maintenance of AMB and rewards criteria have been revised. For more details, please visit our website, contact your nearest branch, or call us at 1800 2080. Regards -JSFB"

I feel misled. Maintaining an Average Monthly Balance (AMB) of 3 lakhs solely for a RuPay Select debit card doesn’t seem reasonable. Am I right to feel this way?
Click to expand...
Luckily I never received account opening call.
 
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pgarg24 said:
I too recieved the same msg but cannot see the revised changes link.. also cannot find the the newest fees and charges schedule pdf on their site. The latest one there is from 25 sept which clearly states no charges on non maintainance of amb.

Does anyone have the revised charges link?
Click to expand...
Spoke with RM to learn that Rs 600 or 6% of the shortfall from the minimum AMB, whatever is the minimum will be slapped.

Does anyone have any experience with the account closure process of JSBF?
 
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Vickymaster1010 said:
Is the 20k debit card spend cumulative or 1 transaction of 20k is needed


Can we apply for ipo via jana bank ?
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i don’t understand why jana doesn’t allow ipo. You can create a mandate with upi also apart from asba via netbanking. I am applying the ipos by using other bank’s upi mandate only. Try using any third party upi apps along with your jana account, should work.
 
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