Federal Bank - Fi Money and Jupiter Hike Service Charges for Savings Accounts from June 1st, 2024

[Shraaj]

Summary: Federal Bank & Fi Money customers will experience increased service charges from June 1st, 2024. This affects Virtual & Physical Debit Card issuance, account closure, and AMB requirements.

Article: In an email, Federal Bank notified customers of changes in service charges for Federal Bank-Fi Money & Jupiter Accounts. From June 1st, 2024, customers will face revised fees in various banking areas.

Virtual Debit Card Charges: The issuance of a Virtual Debit Card will now cost ₹354 (including GST), an increase from previous pricing.

Physical Debit Card Charges: Customers will be charged a flat fee of ₹399 (including GST) for the issuance and maintenance of Physical Debit Cards. This applies to all account types except Salary Accounts.

Account Closure Charges: Closure of Fi Money accounts after 14 days of creation will cost ₹299 (including GST).. This is applicable to all account variant

Zero Balance Accounts: All accounts, including Standard, Plus, and Infinite, must now maintain a minimum monthly average balance (AMB). Specific requirements have not yet been disclosed. These changes may disappoint customers who opened accounts in early 2021 when fees were lower.

Federal Bank Charges Read it from Page no.9

 

[praful47]

I got this message from Jupiter regarding debit card annual charges:

"The debit card annual maintenance charge can be waived off if the following conditions are met.

1) Non-ATM Eligible DC transactions** of Rs.25000 or more in the preceding 12 months of the period 2) PRO/Salary account holder in any 6 months in the preceding 12 months"

Inke executive ne bola tha ki Paytm wallet me money add karne pe bhi waiver ke liye aap eligible ho.
( I knew it is not possible)
For bhi Maine 1 lakh ka rotation kiye.

Other than wallet load pos transaction 15k ke around tha .

Ye bank sirf logo ko ch..... Banane ke liye baithi hai ...

Mere pas mail hai nodal ka ki account zero balance hai lekin aap dekh sakte ho site pe .

Kuch bhi karlo aap debit card ka annual fee charge karenge hi koi na koi reason dekar ..

 

[praful47]

does this include both physical and virtual dc or virtual dc is free

Federal ka service charges ko follow kijiye ....
Ab aap jupiter se kya ummid rakhte hai ...

 

[praful47]

Kaha gaye ... Kuch tipni dijiye ...
@doraemon

 

[doraemon]

Kaha gaye ... Kuch tipni dijiye ...
@doraemon

are bhaiya
bas 0 balance Karo aur skip that
bank ki Maya bank hi Jane

 

[BeingIncog]

Kaha gaye ... Kuch tipni dijiye ...
@doraemon

bohot hi fcukup kiya fed ne, aur jupiter wale chup baithe hai

 

[doraemon]

bohot hi fcukup kiya fed ne, aur jupiter wale chup baithe hai

Mai to just add money ke liye use karra hu

 

[image]

I have a Fi account with physical debit card. Have 10k+ in account. Will add 40k more to make it infinite for an overseas trip in last week of this month. I did same in January for a trip and it worked well. So, I want to keep it for convenience on this trip till June end.

After that, how should I get rid of this bank with minimum charges?

 

[runzone]

are bhaiya
bas 0 balance Karo aur skip that
bank ki Maya bank hi Jane

Same maine dono jupiter fi ko 0 kiya aur aise hi chor diya

 

[sujayghosh]

does this include both physical and virtual dc or virtual dc is free

Since, I have a physical card. I suppose charge has been introduced to virtual card as well, so it should be applicable there also. Request you to reach out to their support. I usually contact them via Twitter and they respond pretty quickly.

 

[PANK]

I raised account closure request on 16 May via app but till now account is not closed
It shows account closure request is in progress

 

[praful47]

I raised account closure request on 16 May via app but till now account is not closed
It shows account closure request is in progress

Mail to nodal team and twitter

 

[PANK]

Mail to nodal team and twitter

Fi or federal

 

[muk9998]

I raised account closure request on 16 May via app but till now account is not closed
It shows account closure request is in progress

Same Here.
They asked me to clear account closer Due
App deleted.
Dormant ho jaye, ya Chaa Mudaye Aapna Kya ab.

 

[praful47]

Fi or federal

Fi ... . .

 

[falcon007]

Finally closed
Fi Money ✅
Jupiter Savings ✅
Jupiter Pots ✅

Got rid of Federal 🎉

 

[wuodland]

some of these charges are a bit much for smaller customers. But everyone squeezes to extract more from the thin margins they have

 

[PANK]

I raised account closure request with fi but account was not closed then i tried to contact tem through various channel after 1 months when connected then via X they replied on my mail that I need to pay of my negative balance to close my account if I don't pay that my request will be closed

I want to know if i don't pay that what will happen as i am not using their services from last 6 months

 

[praful47]

I raised account closure request with fi but account was not closed then i tried to contact tem through various channel after 1 months when connected then via X they replied on my mail that I need to pay of my negative balance to close my account if I don't pay that my request will be closed

I want to know if i don't pay that what will happen as i am not using their services from last 6 months

nothing will happen

leave it as it is and uninstall jupiter app .