When comparing Jupiter and Fi Money, both are regarded as excellent solutions for clients. They provide a wide range of tools and services for managing savings accounts, controlling expenses, investing in mutual funds, acquiring loans, and more. Jupiter is a mobile app, whereas Fi Money is an online neo-bank.

Fi and Jupiter are two identical Indian NeoBank concepts that became online in 2021. I'll outline some key distinctions and highlight the Pros and Cons of each Neobank so you can determine which is ideal for you.

Let us begin with an introduction for both Fi and Jupiter.

What is Fi.Money (Fi) App?

Fi is a money management software with cutting-edge technology. You may use Fi to create a savings account, manage your spending, optimize your savings, apply for a quick personal loan, apply for a credit card online, automate UPI payments online, invest in Mutual Funds, and develop your wealth. It is difficult to safeguard anything if you are unfamiliar with how it operates. That's why we designed Fi from the ground up, with no shortcuts.

Your money is always secure with our banking partner "Federal Bank" since it is protected by the Deposit Insurance and Credit Guarantee Corporation Scheme. This covers your money up to ₹5 lakh. Fi is not a bank, and it neither has nor claims to have a banking license.

Fi (Fi.Money) app Review:

To be honest, Fi Bank is fine, however, if you earn freelance money and receive monies from many accounts totaling more than 10K, their so-called Investigation team will freeze your account. Furthermore, if you call their customer service, they will inform you that their savings account cannot receive freelance payments or numerous payments from separate accounts since it is a savings account, which I believe is absurd.

Read More: - Top 8 UI UX Designer Jobs in 2024 (Salaries)

What Are Jupiter App & Review?

Jupiter is a digital banking platform. AMICA Financial Technologies Private Limited owns and operates the Jupiter mobile application and website. It offers financial services such as savings accounts, investments, and loan services. Jupiter is the simplest, most customized money management tool that allows you to take charge of your finances.

Jupiter app Review:

Smooth account opening process: - You may start a digital savings bank account in Jupiter for free and with no balance. There are no hidden fees or maintenance expenses. Furthermore, if you are a paid employee, you may register a Pro salary account in Jupiter and receive higher benefits than a regular salary account.
Rewards: - You will receive 1% back on all purchases made with your debit card or UPI.
Customer Support: - Their customer service is really active and reacts fast to consumer inquiries. For example, I was initially unable to utilise my Jupiter savings account debit card for online transactions. I contacted their customer service staff, who advised me to use my debit card once at an ATM before conducting any online purchases. That worked out well for me, and I was eventually allowed to do online transactions.
Jupiter Community: - It has built a community area on its website where you can ask questions and stay up to speed on the newest innovations that their team plans to launch in the near future.

Jupiter Money and Fi Money Difference Feature!

Features	Fi Money	Jupiter Money
Banking Partner	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

Conclusion

However, it is important to remember that opinions and assessments of these neo-banks might differ. How? See whether you're looking for appealing features like increased insurance coverage, a user-friendly interface, on-demand income, etc. Then, surely, you must go for Jupiter! Furthermore, it provides 0% FX costs on their debit card, which might be useful for foreign transactions.

If you want to track all of your savings accounts in one place, have peer-to-peer lending alternatives, earn greater interest on your savings, and so on, Fi Money is an excellent choice.

Overall, your requirements and tastes will determine which one is ideal. We hope that our information on Jupiter and Fi Money will help you make an educated decision when choosing a neobank Jupiter vs Fi money.

Do you also want to get a banking app made like "Jupiter Money and Fi Money"?

Hornet Dynamics can help you design applications for banking or any other industry. They assist with everything from research to design, analyzing market trends, developing and implementing apps, and testing them to guarantee usability. The Hornet Dynamics team makes sure the software operates smoothly. Users may have a terrific experience using the app.

Which is the best option in 2024: Fi Money app, or Jupiter Money app?

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