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]

Is this Jupiter? Because on the app they are still showing this for Pro Customers (10K FD or MAB gets you Pro). While the Federal Bank communication suggests all customer types with Virtual Debit Cards need to pay annual charges.

These are all old rules ...
New charges will be applicable from June 1 2024.
Ye log bolre account zero balance hi hai .
5000 AMB unlog ke liye jiko jewels chahiye. Aur charges nahi lagega.

Lekin sabko pdf bheja gaya hai usme AMB maintain nahi karne pe 200 ka charge h har month .

Sab milkar humko pagal bana re h m******* ke bache .

 

[praful47]

These are all old rules ...
New charges will be applicable from June 1 2024.
Ye log bolre account zero balance hi hai .
5000 AMB unlog ke liye jiko jewels chahiye. Aur charges nahi lagega.

Lekin sabko pdf bheja gaya hai usme AMB maintain nahi karne pe 200 ka charge h har month .

Sab milkar humko pagal bana re h m******* ke bache .

2022 me jab launch Kiya tha to bola Gaya tha ki account zero balance rahega aur debit card bhi Life time free.

 

[joshuatree]

2022 me jab launch Kiya tha to bola Gaya tha ki account zero balance rahega aur debit card bhi Life time free.

Who toh builder ke sample flat ki tarah tha. Jab aap flat khareed le toh aapko samjhega ki sample flat ke ceiling heigh, 20 foot tha isliye spacious lag raha tha. Aapka flat ka ceiling height 12 foot hoga. Sample flat ke fittings Toto hoga, par aapko milega cheap Tota fittings. And so on....

RBI should take action in these matters!

 

[praful47]

Who toh builder ke sample flat ki tarah tha. Jab aap flat khareed le toh aapko samjhega ki sample flat ke ceiling heigh, 20 foot tha isliye spacious lag raha tha. Aapka flat ka ceiling height 12 foot hoga. Sample flat ke fittings Toto hoga, par aapko milega cheap Tota fittings. And so on....

RBI should take action in these matters!

Koi proof miljata to fir inko bamboo karta

 

[pkpr]

Download yono sbi

They are not letting me open account due to only single name
"Aapko pata hai mera bank kon hai?"🤣

 

[BhaiyaJi]

They are not letting me open account due to only single name
"Aapko pata hai mera bank kon hai?"🤣

SBI 🤔 ?

 

[praful47]

They are not letting me open account due to only single name
"Aapko pata hai mera bank kon hai?"🤣

Lunch time me apply Kiya tha kya ?

 

[pkpr]

Lunch time me apply Kiya tha kya ?

Lmao
App(online) me bhi lunch time hone lga?🤣

 

[BhaiyaJi]

Lmao
App(online) me bhi lunch time hone lga?🤣

It's called "App is under maintenance" as "lunch time" is too middle class for an app.

 

[pkpr]

It's called "App is under maintenance" as "lunch time" is too middle class for an app.

Idt that is related to their "Lunch time"

 

[pkpr]

It's called "App is under maintenance" as "lunch time" is too middle class for an app.

@praful47 any other way to open without visiting branch

 

[praful47]

@praful47 any other way to open without visiting branch

No idea ... But what's the issue with single name

 

[praful47]

@praful47 any other way to open without visiting branch

If you want you can open account in the name of your father or mother or any other relative and keep your mobile number linked .

 

[Krndeep]

@praful47 any other way to open without visiting branch

Let me know if solved
Facing same error

 

[Shraaj]

Clarification E-mail FROM Fi

 

[Humanbeing]

Clarification E-mail FROM Fi

So the customer don’t need to maintain 5K from 1 June 2024 onwards as notified by the Federal bank earlier via email?

 

[Shraaj]

So the customer don’t need to maintain 5K from 1 June 2024 onwards as notified by the Federal bank earlier via email?

didn't understand your question

 

[Humanbeing]

didn't understand your question

As you have received the mail reply from Fi customer care, they are implying that we don’t need to maintain ₹5000 (MAB) from 1 June 2024.

 

[Shraaj]

As you have received the mail reply from Fi customer care, they are implying that we don’t need to maintain ₹5000 (MAB) from 1 June 2024.

I think thats only Applicable to me , As i have opened my fi money account way back in 2022. The rule is for Old Customers

 

[Humanbeing]

I think thats only Applicable to me , As i have opened my fi money account way back in 2022. The rule is for Old Customers

Yeah, I have also opened the account in 2022.