Debit Card Charges

Feedback & Ideas Features
1

So If I apply for a debit card, should I pay for both 199+GST for the physical card and virtual card or only one charge of 199+GST for one year?

2

@Raswanth_Jayaprakash I suppose it’s Rs.199 for both the physical and the digital card. Especially considering both the card numbers are the same.

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3

Only 1 charge

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4

Hai @Raswanth_Jayaprakash Welcome to the community.
I think you need to pay fee only for Physical card as @alexnazy said.
But, annual fee of ₹199 + GST **will be levied for the first time from March 2024 onwards for both Virtual card and Debit card

Edit: Thanks Jiten Boss for the clarification :v:t2:

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5

Let’s not forget there are milestones that are put in place for the fee to get waived.

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6

@yagnesh01 My mistake…I forgot to add that section in my post and thanks for the reminder sir :blob_thanks:
@Raswanth_Jayaprakash You can refer this link/post for any info regarding Annual fee waiver :v:t2:

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8

Let it be simple!

Issuance charges 299+gst always for physical cards.

Annual charges 199+gst for both in case of Jupiter.

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9

Thanks everyone for the helpful clarification. Let me summarise it in a simple and clear way:

  • Physical Debit Card Issuance Fee: ₹299 + GST (one-time, applicable when you request a physical card)

  • Annual Charges: ₹199 + GST (applicable for both virtual and physical cards starting from March 2024)

  • Fee Waiver: Jupiter has set specific usage milestones, and if those are met, the annual fee can be waived

So in short, while the physical card comes with a one-time issuance fee, both virtual and physical cards will attract annual charges unless you meet the waiver conditions.

It’s always a good idea to review the latest official communication or terms to stay updated on any changes in charges or eligibility criteria.

For more detailed financial and compliance insights, you can also refer to Setindiabiz.