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

[Gabbar.Singh]

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.

 

[Lobogris]

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?

So keep 3 lakhs. That's quite reasonable. People are happy to get free lounge access but don't want to keep even a small token relationship with the bank.