# Learning to use Pots

**URL:** https://community.jupiter.money/t/learning-to-use-pots/17980
**Category:** Feedback & Ideas
**Created:** [5 January 2022 18:49 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980 "2022-01-05T18:49:06Z")
**Posts on this page:** 14
**Page:** 1

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### Author: ![mohnishom](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mohnishom/32/4377_2.png) [@mohnishom](https://community.jupiter.money/u/mohnishom)
#### Post date: [5 January 2022 18:49 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/1 "2022-01-05T18:49:06Z")

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Are you using pots ?if yes how is it benfiting you?

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### Author: ![Silenscreamer](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/silenscreamer/32/4423_2.png) [@Silenscreamer](https://community.jupiter.money/u/Silenscreamer)
#### Post date: [6 January 2022 12:38 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/2 "2022-01-06T12:38:18Z")

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@mohnishom me have 2 pots…for savings…thats all the benefits are…they might give interests too…dunno yet how much…

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### Author: ![Dhruv](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/dhruv/32/4358_2.png) [@Dhruv](https://community.jupiter.money/u/Dhruv)
#### Post date: [6 January 2022 17:17 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/3 "2022-01-06T17:17:12Z")

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Yes… they will give interest… at same rate as saving account… ie. 2.5%

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### Author: ![Silenscreamer](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/silenscreamer/32/4423_2.png) [@Silenscreamer](https://community.jupiter.money/u/Silenscreamer)
#### Post date: [6 January 2022 19:10 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/4 "2022-01-06T19:10:40Z")

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@Dhruv did ya get it…also…monthly or quarterly…

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### Author: ![mohnishom](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mohnishom/32/4377_2.png) [@mohnishom](https://community.jupiter.money/u/mohnishom)
#### Post date: [7 January 2022 04:01 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/5 "2022-01-07T04:01:50Z")

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2.5% should be yearly as it is for savings.

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### Author: ![Dhruv](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/dhruv/32/4358_2.png) [@Dhruv](https://community.jupiter.money/u/Dhruv)
#### Post date: [7 January 2022 07:21 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/6 "2022-01-07T07:21:02Z")

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Yess… recieved last month.  
It will be quarterly at rate of 2.5% per year.

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### Author: ![Silenscreamer](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/silenscreamer/32/4423_2.png) [@Silenscreamer](https://community.jupiter.money/u/Silenscreamer)
#### Post date: [7 January 2022 17:37 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/7 "2022-01-07T17:37:10Z")

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So 10k pots savings mei how much will me get…at 2.5 roi

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### Author: ![shkilluminate](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shkilluminate/32/5185_2.png) [@shkilluminate](https://community.jupiter.money/u/shkilluminate)
#### Post date: [8 January 2022 03:53 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/8 "2022-01-08T03:53:18Z")

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If you put 10k, quarterly at 2.5% interest would be like 125INR, the interest rates are very low comparatively to other banks, but the feature of parking funds in a separate account as pots is quite good.

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### Author: ![mohnishom](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mohnishom/32/4377_2.png) [@mohnishom](https://community.jupiter.money/u/mohnishom)
#### Post date: [8 January 2022 08:21 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/9 "2022-01-08T08:21:08Z")

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> [@shkilluminate](#):
>
> If you put 10k, quarterly at 2.5% interest would be like 125INR

It should be 250 INR isn’t? An quarterly payout should be 62.50 INR.

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### Author: ![Silenscreamer](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/silenscreamer/32/4423_2.png) [@Silenscreamer](https://community.jupiter.money/u/Silenscreamer)
#### Post date: [8 January 2022 22:00 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/10 "2022-01-08T22:00:09Z")

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Me confused guysss…kya sab bol rahe ho…bhaiii loggg

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### Author: ![Dhruv](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/dhruv/32/4358_2.png) [@Dhruv](https://community.jupiter.money/u/Dhruv)
#### Post date: [11 January 2022 08:48 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/11 "2022-01-11T08:48:44Z")

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Let me explain…

Suppose you put 10k in Jupiter pot for 1 year, then interest earned for whole year is ₹ 250 (2.5% of 10,000)

But this interest is paid quarterly by Jupiter. So after every 3 months (12/4), ₹62.5 (250/4) interest will be given by Jupiter.

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### Author: ![shkilluminate](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shkilluminate/32/5185_2.png) [@shkilluminate](https://community.jupiter.money/u/shkilluminate)
#### Post date: [11 January 2022 18:42 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/12 "2022-01-11T18:42:19Z")

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Yeahh you’re absolutely right, sorry my bad, i had it calculated for 6 months 😅

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### Author: ![KaushikSeetha](https://avatars.discourse-cdn.com/v4/letter/k/e0b2c6/32.png) [@KaushikSeetha](https://community.jupiter.money/u/KaushikSeetha)
#### Post date: [19 January 2022 17:34 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/13 "2022-01-19T17:34:50Z")

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I create pots for my parent’s Health Insurance renewal, Gym membership fees. To avoid the hassle of sudden heavy expenditure

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### Author: ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)
#### Post date: [20 February 2022 10:59 UTC](https://community.jupiter.money/t/learning-to-use-pots/17980/14 "2022-02-20T10:59:06Z")

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I love the simplicity of pots. I get to park chump change, with no frills and have the option to withdraw them as I please.

I haven’t withdrawn or deleted any of my pots so far, but I appreciate the choice I’ve been given. Love Pots!!!
