I’m Kush, part of the Salary Account team here at Jupiter
We’re back with another upgrade!
Our salary account offering got on a whole different level and we would like to show what’s in store for you.
We started a thread sometime in November 2021 for understanding ‘how one uses their salary account’ - Salary accounts | What do you use it for? . Our community members shared their pain points, expectations and experience with their bank, and more.
This was months before we launched our Salary accounts offering!
And then a year later, @sahil-sorathiya ran a poll for understanding - What is stopping you from upgrading to Salary Account on Jupiter App?
We learned 2 important things.
- The HR does not allow another Bank Account for Salary
- Not too excited about Benefits / Offers of Salary Account
And with this, after some thought and figuring out how can we bring more value to our Salary account holders, we came up with some upgrades
More exciting benefits!
Any new user who is upgrading to a Salary account next week onwards will start seeing the 5% cash back perk. It will be only for a limited time period.
Note: Eligible users will see the screen above with 5% cash back.
Free Metal Debit Card
Any Salary account holder whose salary credit on Jupiter >= 2L per month will be eligible for a free Metal Debit Card. DM us if you’re eligible, we’ll start shipping it out in March.
Choice of exclusive benefitWhere we’ll be giving you a choice to claim either:
- Free Health Insurance
- Digital Gold
Claim free digital gold every month after your salary credit.
Note: This option will be available from March 2023 onwards.
Claiming your shiny gold!
To claim your gold after salary credit, you will have to go to the Salary tab and tap on the shiny gold coin.
It will be credited to your gold pot.
2x your referral rewards! 📈
If you are a salary account holder, your referral program would change to the following rewards:
- If you’re a salary account holder and you refer a friend, both of you get 1000j if the friend gets a salary account on Jupiter.
- This means you Earn 2x rewards on a salary account upgrade.
Note: There won’t be any debit card transaction requirement if you’re a salary account holder & refer another Salary account user.
This will be available to all salary account holders starting this month.
What if you’re not Salaried yet? Or what do you do if your HR doesn’t allow Jupiter as a salary account? 🤔
Fret not, we came up with an idea
Soon, we will have a waitlist.
How will it work?
- Choose an amount you’d auto-deposit to your Jupiter account
- Give mandate from the bank account where your company deposits your salary
- You’ll be upgraded to Salary Account with same benefits
The waitlist will be available from March 2023 onwards, and folks will be whitelisted from April 2023 onwards.
What do existing Salary account holders get?
- You get 2x referral rewards
- You will be eligible for the Metal Card if you meet the requirements
Overall note: The expected dates may slightly change for some benefits.
This is just the first upgrade. We’re tweaking our salary account offering even further
Let us know your thoughts on the above improvements. We would love to hear your feedback. That’s how we’ve come this far