ahems
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Heh! It’s funding winter and many startups are changing rules according to their whims and fancies. So 
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They will also revamp 0 balance account in few months you never know 
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I see some open questions here, and would love to clarify once more -
- Users will get 1% Rewards on DC & UPI for their first 3 months
- After the introductory/welcome offer (post 3 months) , users will need to maintain a minimum MAB of Rs. 10,000 to continue the 1% benefit
- This does not apply for Pro Salary Users. They will continue to earn 1% on DC & UPI (Not dependent on MAB)
Happy to answer any more questions on the construct change.
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@Ankit_Misra bro 10k is too high most of user are under 25 we all not earning thats the reason we have normal savings account can u think and make it atleast 5k
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Jupiter is still advertise what they have change in this month . Reward and debit card can u stop this
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whatever they advertised is true though
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I know but right now is they are not offering the same that they used too. This is the advertisement that i saw tomorrow
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I don’t understand why Neo bank should adopt to MAB! That looks like moving back to standard bank guidelines & even those banks started to provide it.
But MAB Suggestion is great idea 
However MAB sounds 
Why don’t we calculate % based on spendings or subscription based spending! Instead MAB(Since it sounds on neo & hard to watch it keep noticing at rare case).
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Now what’s the reason to use bank if we have to maintain 10k in our account . If a person have 10k what that person would bother for 150 jewels
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@Shawnpinto why pot balance is not considered for AMB calculation. I know pot balance is in different account but it is part of Jupiter account.
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AFAIK AMB/ MAB is an industry standard. So, they’ll have to coin some other term if/ when they consider Pot and other deposits? 
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some banks use TRV as in Total Relationship Value for qualifying into Higher tier Proposition offerings
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Right… Minimum 5k is ok
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I think people start losing interest in jupiter
Right
Maintaing MAB of 10,000 is not practical for a student who tend to be your primary customer. And I personally have accouts in HDFC and IDFC First debit cards which me more offer than Jupiter. So I personally don’t think customers will continue to use jupiter. I think the only way you can survive in this market is to give freebies until you reach a saturation point.
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Pot balance should be considered as well when calculating the MAB, also maintaing MAB does not sound good for a Neo bank in the first place. even std bank give zero balance account, but i considered jupiter for mainly the extra benifit like 1 % cashback without any extra maintenance. There is also not extra benefit on pot wrt interest rate.
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@Madhu You’re right.
We are scoping this idea and planning to allow Pots for the MAB requirements too.
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I think mab should be 5k including pots
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