When ever I am trying to add federal bank account in phone pe or other upi apps I am finding two accounts . I donโt know why it happening but I think i noticed this issue after completion of vkyc .
Yup - Pot savings are in a separate bank account that sits in parallel to your main Jupiter account. So you can keep savings aside while accessing them readily, all from within the Jupiter app.
We are in conversation with our banking partner to disable UPI for the Pots Savings Account - thereby ensuring that this 2 account confusion doesnโt arise
Actually I am having 890.62 in pots . I made upi transaction with pots bank account of Rs 1 debited .
Then again I added Rs 1 to pots . So my updated balance in pots account is 890.62 . But the upi 1rs transaction didnโt reflected in tha jupiter pots section so my pots Balance in jupiter is 891.62 . But I made withdrawal of 890.62 in pots . In jupiter pots section my balance is Rs1 .
When ever i try to delete the pot it showing something wrong . Because the Upi Rs 1 transaction does not reflcted in jupiter pots section . So my balance in pots in jupiter is 1rs but actually i have 0rs in pots . So when ever i try to delete pots first it transfer the money to main account . But in this case there is no money in pots .
So while deleting pot the 1rs is not getting transfered to main account because there is no remaining balance.
Hi @Sujayraj@CarolinMerces - This was a bug which weโve quickly fixed. The pots that were created have now been deleted from the backend. You shouldnโt see them in your app now.
Would like to reassure that in during this, there was no money movement involved - your Jupiter account balance and existing Pots balances are all intact.
Hi @CarolinMerces - The Jupiter Pots account sits in parallel to your Jupiter account to house all your Pot savings. The separate account was designed so that you could keep savings money away from spending money, all within the convenience of your Jupiter account.
The Pots account has the exact same benefits as your Jupiter account - same interest rate, no minimum balance requirements. It however, comes along with your Jupiter account, so no way to close it alone.