Jupiter vs Fi Money: If you wanna open a bank account online and you are confused about choosing between these two apps, then this guide will help you.
Jupiter Money and Fi Money both are Indian NeoBank platforms that are tied up with Federal Bank. For this reason, their work is almost the same but some features are different, which you must know.
So, basically through this article, we will tell you about the features of both these apps and we will also compare both Jupiter and Fi Money apps. If you are searching for a detailed analysis of Jupiter vs Fi Money, then this article will help you so let’s get started.
Jupiter vs Fi Money
Jupiter vs Fi Money, both these apps provide NeoBank services to their customers making it easier for them to open accounts and save or spend money. In Jupiter, anyone can open an account from Minor to Adult while in Fi Money account opening for Minors is not available.
The management of Fi Money is saying that they soon will provide the options for Minor to open an account. Currently, you cannot open a miner’s account in Fi Money, but if you are a miner then you can go with Jupiter.
Jupiter Money Review
In Jupiter Review, I want to tell you that this company was founded by Jitendra Gupta who is also CEO of Citrus Pay, a leading digital payments company in India. As we told you earlier, Jupiter is tied up with trusted banking and payment partners like Federal Bank, Axis Bank, NPCI, and VISA.
This app has got a 4.4/5 rating on the Play Store and this app has been downloaded by 5M+ people. Now let’s see what people say about this app or we can say that Jupiter Money Review.
Ravi Kant – “The positive aspects include no minimum balance requirement, zero annual maintenance charges, and remarkably fast UPI transactions. On the downside, the application’s UI is slow, and it would be beneficial to add UPI to third-party apps for faster usage.“
Shreya Ghosh -“In my opinion, this application is quite frustrating. The KYC process involves numerous hassles, and even after completing it, the KYC verification can take over a week. This is disappointing in today’s age, as even government banks like SBI manage to complete KYC in just a day.“
Fi Money Review
The company was founded by Sujit Narayanan Kutty and Sumit Gwalani in 2019. And as a NeoBank services provider, Fi Money has played a vital role in this segment. Just like Jupiter Money this company is also partnered with Federal Bank to provide online bank services to customers.
This app has got a 4.4/5 rating on the Play Store and this app has been downloaded by 10M+ people. Now let’s see what people say about this app or we can say that Fi Money Review.
Amit Sharma – “Fi has faced numerous complaints about freezing accounts without clear reasons. Even with minimal transactions, my account has been frozen for three weeks without explanation or resolution. I strongly advise against using Fi bank due to these issues.“
Manish Rathi – “Fi, backed by Federal Bank, offers a free Visa Debit Card, no MAB account, and competitive rates. Unique perks include no extra fees on international transactions, reward campaigns, and smart saving features. However, they need to improve chat support, phone connectivity, and app speed. Overall, it’s a good choice for international buyers or those needing a secondary bank account.“
Comparison between Jupiter and Fi Money
| Details | Jupiter Money | Fi Money |
|---|---|---|
| Play Store Downloads | 5M+ | 10M+ |
| Rating | 4.4/5 | 4.4/5 |
| App Size | 56 MB | 53 MB |
| Powered by | Federal Bank | Federal Bank |
| Partnered with | Federal Bank, Axis Bank, NPCI, VISA | Federal Bank, Visa, NPCI, PCI |
| Account | Zero Balance | Zero Balance |
| Card | Given | Given |
| Charges | Withdrawal from Federal Bank ATM caries no charges. In Other ATMs, 10 free transactions per month, after that ₹21 per withdrawal | Withdrawal from Federal Bank ATM caries no charges. In Other ATMs, 5 free transactions per month, after that ₹21 per withdrawal |
| AMC | ₹199 + GST | No Maintenance Charges. ₹199 on VISA Debit Card. |
| Digital Transaction | No Charges | No Charges |
For more details about Fi Money vs Jupiter Money, you can watch this video –
Conclusion
Both these apps are similar in their services but some differences you can see in their charges. Jupiter and Fi Money both are partnered with Federal Banks but the customer services of Fi Money are not said to be as good as that of Jupiter Money.
I hope you have loved this post, if you have any doubts or any questions you can ask by commenting below. We will try our best to reply to you as soon as possible, And yes, if possible then please share this article.
FAQs
Can I open both Fi and Jupiter accounts?
Yes, you can open both Fi and Jupiter accounts.
Is Fi Money RBI approved?
No, Fi Money is not a bank it is partnered with Federal Bank to provide NeoBank services to customers.
Is Jupiter Money RBI approved?
No, Jupiter Money is not a bank it is partnered with Federal Bank to provide NeoBank services to customers.
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