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Jupiter money vs fi money which is better ?

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Budding Star
bobby_123
Jupiter Money vs FI Money which is better ?

The banking sector in India is undergoing a major transformation with the advent of Neo Banks in India. With so many Neo-banks in India, there has been confusion about which Neo-banks suit our requirements.

So, which is the best neo-bank in India? Fi money or Jupiter?

lets take a look in feature comparision Jupiter Money vs FI Money -

Jupiter Money vs FI Money
Features Fi Money Jupiter
Banking Partner (RBI licensed) Federal Bank Federal Bank
Type of Account -Salary Account.
-Deposit Account.
-Savings Account for all
-Pro salary account for employees
Minimum balance requirement Zero Balance Account Zero Balance Account
DICGC Approval Yes, upto ₹ 5 Lakhs Yes, upto ₹ 5 Lakhs
Health Insurance No Yes, upto ₹ 2 Lakhs
Accidental Insurance No Yes, upto ₹ 2 Lakhs
Debit Card Rewards Yes 1%
On-Demand Salary No Yes
Mutual Fund Investment (SIPs) Yes Yes
US Stock Investing No, but coming soon No such features
Instant Loan Yes without pre-closure fee No such features
Peer-to-Peer Investing Platform JUMP platform for peer-to-peer investing in partnership with Liquiloans. No such features
Rewards Earn Fi-Coins while making payments, adding fund or opening salary accounts 1 % reward on Debit card & UPI Purchase


Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Deal Lieutenant Deal Lieutenant
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Both have a habit of freezing the account,
you can see several posts for this freeze issue and also check there twitter page or consumer complaint website.

Budding Star Budding Star
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ok...
Savings Mentor Savings Mentor
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Jupiter is like MobiKwik. You never know when your transaction of high value is going to get absolutely 0 rewards so it's not worth the time and risk. They regularly devalue rewards by changing value of jewels or excluding all categories eligible for rewards.

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