Convinced with the offerings - however sharing how these neobanks generate their revenue would have helped form trust, because hey, if you're not paying for a product then you are the product!
@@gogogogogo7791 well if as customers we cannot be assured of how they'll be able to pay for their servers and security providers, I'd want to be very careful of opening an account there. They might end up selling your data 😭
@@JineshBagadia16 valid point. Data protection is paramount now. Even Big MNCs are not safe from data theft. Who can say these neo banks will not willingly sell data.
JUPITER Pots have lesser interest rate than FD and most saving account. Jupiter will be great in future, as of now I'm facing many problems with them, be delay in refunds or late customer support. There reward structure is good. Loved it.
Do we have to maintain any minimal amount to continue with neo bank after opening an account ?? And my 2 ques do we have to pay any certain amount to open an account with neo??
Incorrect fact: Customer support of most of the traditional banks like HDFC, ICICI and SBI is super easy. SBI customer support is even available at late hours. NeoBank is that additional layer over traditional bank which has no real concrete usage.
But SBI customer support is outsources and has no teeth, I once called them for a very urgent problem resolution, while they picked up the call earlier rathr than infintely long IVR of ICICI, HDFC etc, after picking up they simply told they do not have access and cant help. It was clear from the converstation they are not directly connected to the core team of bank.
So true! My app keep crashing after installing, I tried contacting many tries but no one got right solution! Just use this shit as wallet like paytm as they have better rewards!
Ankur you have no idea, (may be you obviously do 😅) how much you have taught me here. I have improved so much in my life regarding managing finances and investments. In fact now im able to impart the knowledge to others in my circle. I really wish i got that half n hour of yours time in person. Thank you very much!❤️
I've always liked the idea of having multiple bank account. I think you should create a video on this. pros and cons of having multiple bank accounts and how it helps to manage the money better.
how many accounts do you have and for what purposes? because i am getting confused regarding this. do you use separate bank account for crypto transactions as well?
@@tanmayadash615 I have 4 active accounts. and yes you must use separate account for crypto, even after RBI's and SC's notifications some banks still blocks the account if they detect any transaction related to crypto. Open atleast three bank accounts: First as a Primary account (I have Kotak), where you'll receive all your funds (don't receive funds in any other bank than primary else it'll be much more complicated at the end of financial year). Second as Investment account, which is linked to all your demats/AMCs for investment Third for emergency fund, to store a part of your emergency fund.
@@rohitsoni9325 would you mind telling which saving accounts you use. I use axis as for receiving outside funds(not salary) as well as crypto(not stocks/mutual funds) transaction.Should i use nationalized bank for crypto or axis is just fine?
Some of the advantages are unique, but some of the newer banks do offer most of these advantages. IDFC first for eg does offer most of these features and is very seamless
I'm a DBS Bank customer, and trust me the way they operate is really phenomenol compared to the traditional banks and yes better than HDFC, Axis, ICICI... Future for these Neo Banks are really bright if they can operate decently. Will be opening accounts soon in Jupiter and Fi 🙂
I opened my salary account in hdfc bank and i must they their service and customer support is really good.opened my account fully online and received everything (passbook, debit card , cheque book) at my home within a week. I have had a great experience with hdfc.😊
@@InsiderGyaan They have called my twice for the credit card , I didn't opted for that , and i also had one issue with the bank where i withdrew the cash but nothing came out from the atm and amount got debited from my account . It took just one email to sort it out , got my money back within 1 working day.I will only say so far so good . I dont know what the future beholds.😊
I came to the comment section go point out exactly this, but in other words.. 😂 Everytime he posts a video, I wonder which company has sponsored him. 😂
I opened a new account with IDFC First bank last year. Very convenient, smooth and seamless experience. Haven't visited the branch even once. Great response from RM. Good interest rates
Hey, I'm also looking to open my account with them. Want to use them as emergency funds account or spending account. Which is more suitable with IDFC? I use ICICI as my investing account. Also how much is the maximum cash withdrawal limit in IDFC through a cheque?
Many of you guys are commenting that @warikoo is just posting promotional videos and all. So let me inform you guys he has a whole team, he has to give them salary so that their team keep posting such awesome videos and second thing he has not t monazite his channel which means he doesn’t earn a single penny through youtube ads and I bet you rest all channels based on finance have ad revenue on, despite of that they too do promotional videos in their videos and If I am sure that he too uses all the apps, website etc then only he would be recommending us. And he never forces anyone to go and enroll yourself for that service, he is a idol for me being a civil engineer I had no idea about finance, its all bcoz of his awesome videos and knowledge I got to learn so much from this, Anyways Thank you Ankur sir😊🙏🏻
Ankur - don't you think checking balance of different banks is now available with mostly all the third party psp app, but it will open another loop hole where data sharing became very vulnerable. What you think?
I would have appreciated if there was a comparison with traditional banks in respect of interest rates and limits etc. but then neo banks might not look that appealing. Most of the things mentioned here like customer support, tracking are already provided by big private banks. Also, many of these videos feel like sponsored by the brands you are talking about which is all okay but it should be clearly stated in the video and description e.g. the invite link itself has your name as influencer when opened which would entail some benefit to you if someone joins from your links.
Maybe you're watching in phone so it's not showing but I'm watching it on TV and it clearly says "Includes Paid Partnership". I think it's CZcams who failed to show the paid partnership tag in phone/web otherwise in TV it's showing clearly.
Hey Ankur, I just wished that you publish an important video on MLM(Multi Level Marketing). Specially the disadvantages of this method of marketing so that most people in Tier 2 and Tier 3 cities become aware of it and don't waste their valuable wealth on this fraudulent organisations. As you are a big influencer, you can reach masses and create awareness among them. Hope you consider this suggestion. Thank you :)
@@aditya.ishan27 Aditya that was actually Pyramid style of Investment. How to invest in Pyramid style. But I was talking about Pyramid style of Marketing and that's MLM. It will definitely create awareness among masses. And people will stop wasting their hard earned money on those fraudster institutions.
Fi is also a great option, it too is partnered with Federal Bank, there’s no waitlist either. I have been using it as my primary account for a while now and it’s been a great experience!
@@priyankathomas8640 Absolutely loving Fi, the UI UX is seamless... I have completely moved out of Indusind ..which has a lousy app and not much benefit
Came here for a comparison, got that and also got unwanted sales pitch. I'm a millennial and extremely happy and satisfied with Axis Bank and their digital banking experience. I really appreciate what Jupiter is doing though, nothing against them.
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.
You mentioned how a traditional bank makes money. But how does a Neo bank make its money? what's the business model? Its good to compare but that information is missing here in this video. Can you pls add that?
In Jupiter account two major problems are till now (26/06/2022) 1. Bad customer support👎 2. Very irritating long time of refund process 👎👎 Please inform guys to Jupiter if you can 🙏🙂
1. Account opening in many of the traditional Banks are as easy as opening an account while having our breakfast before going to office. I opened a Jupiter account long back just by downloading the app from play store, without any invitation. 2. The only thing I liked about Jupiter is having the snapshot of my debts. However, the details provided was quite old like if I am on 8th month completing a loan, the Jupiter will show the details only till 3rd month. I will use Jupiter only instead of Google pay. But not compared to a traditional Bank account. It cannot ever replace my traditional Bank account with Jupiter. Now ICICI Bank, Imobile app allows us to pay to any mobile no linked with any UPI ( Google pay or phone pay or any UPI ) which I have never seen to any other Banking apps.
I already opened Jupiter a/c last month because of early access. And i love it.... Best feature they provide is pots and net worth of all my account. Plus yeah visa signature debit card
@@sancharic3380 I and my bro weree discussing about same last week.. they made min bal of 5000 compulsory. They have very limited products.. once it was gr8 unlimited atm withdrawals ,free new debit cards. Now everything changed. I don't know what Sachin has to do with finance he is the brand ambassador..lol
Hey, you haven't mentioned anything regarding neo bank's revenue model. Making us think if that will be con for us if they charge hefty or what is the scenario?
As always, It was a nice and informative video about Neo Bank. Similar to Neo Bank, There was a wave of the new bank that came some years back called “Payment Bank”. It did not capture the Indian market as expected. Some of them are shut down after investing good amount of money. I feel they couldn’t get the answer to a simple question, what is ROI (Return on Investment) for these banks? RBI is looking to make banking simple to everyone and digitalization is the only way forward. But how Neo Banks are going to make money if they can’t give a loan to anyone? Possibly they can share user information with parent banks like Federal bank for Jupiter. And Jupiter needs to get correct consent for the same. But is it enough for neo banks to survive in the market where they have to give many offers to entice customers from banks like DBS, ICICI, etc. who have a better (Not very good) digital presence? I would love to hear back from you. Thank you
just yesterday i received my jupiter debit card. but i still have not done any transactions as i was skeptical about this new concept of digital banking. i was wondering why many people are are not talking about this jupiter bank. after watching your video i m sure i got to know what it actually is. thank you sir.
We can use Neo bank as a daily spending account keeping a low amount and not treating it as a saving account that would be much better for start although this is seeming the future especially for typical introverts who HATES to go to bank :)
I just love all the videos of yours but this doesn't seem to help like the others as you mentioned that traditional banks earn money by giving loans at a higher rate but since Jupiter just can't provide loans so how will it earn money?? By selling our data?? And in this modern technological fintech who has to wait to just open a bank account? I mean just why is the concept of waitlist is there??
Sir itni mehnat krte hai aap, best quality information and ideas dete hain but phir bhi sir aap video ko monetize nhi krte hain, this your Right sir please monetize ur hardwork behind the making of these informative videos.
Opening a bank account it's very easy in traditional banks sir, recently I opened a current account with Axis Bank and it's active in 2 days... And I no need to visit bank.
Sir you should open an account in federal bank. It is very convenient and genuine. Very quality bank and most importantly not having a single issue mentioned in your Jupiter is using the infrastructure build by Federal bank and federal bank is offering these services for years .
I have seen many videos on CZcams regarding stock market and all but I never found any one who is explaining very good but when I saw your CZcams channel I feel amazing I mean I can understand everything. I hugely Request you to make a video on how to fix stocks for swing trading for 1-3weeks ! Which can give some amount of returns !
2:42 for that reasoned neo banks future will be restricted reasoned if you want to add money you need to another bank account which is physically present in your location . that's actually a flaw of neo banking .
The only reason I use Jupiter is for the 10% cashback rewards. Rest everything else is useless. Thanks for exaggerating the advantages so much that you forgot to mention that Jupiter gives 2.5% savings account interest rate as compared to even 7% in some so-called traditional banks. I think twice before transferring money into this account. Kudos for painting such a biased picture *slow clap*
The reason there is a lengthy process of onboarding a customer bcoz of a long background verification which helps the bank to identify who the customer is, whome they are dealing and if they posses any risk to the bank and when it comes to Neo banks have poor KYC verification process or not as good as traditional banks.
Sir axis Bank Mobile app gives you points on your transaction and bill payments you can check on the app also it is not that the bank don't give anything it gives but it is comparable less . And then are not showcase as must the perks of the app
Have created account post watching this video, experience was seamless and quick, for me ease of using app is the most priority, I'm having ICICI & HDFC both but for app experience i prefer ICICI more than HDFC, and Jupiter seems at par compare to ICICI. Gonna try pots too, let's see how the tracking and savings works...🤞
HDFC has a really poor UI everywhere. Most other banks have picked up on this, but they don't seem to care. That's the only thing I don't like about HDFC.
Thank you for explaining this new age concept in a simplistic way. I wonder if RBI is allowing this neo bank concept to enhance digital experience, then y dnt they introduce digital currency.
Just realized ( noticed ) how technology combined with editing can create something funny As for we can see at 0:26 This also somewhat justifies as to why films do better than dramas Films are presented with the best user experience as it involves all kinds of technological tools that hides human error whereas Dramas involves a pure display to the eyes and doesn't try to eliminate any form of error and hence its pure. P. S - Just an observation.. Nothing against anyone :)
@WHatsApp ➕①⑨②⓪③③③②⑦①② Hahah.. Stop scamming and go find some work This will feed you for once but a secured and healthy income will feed you for life
Hole difference of neobank or traditional banks we can't use for employment sallary debits. Because they don't gives you passbook or cheque book that I submit or use anywhere.
Thank you for yet another Intututive Video. Personally I feel and I know the Neo Banking concept will boom massively in India. We have already prooven evidences of Wise Transfer, Revolute, Monzo...the list is huge which are primarily European Market dominants. They offer a lot things like, Airport Lounges, Crypots, investing in Global funds...etc. I have been a long time Revolute users, so I know how beautiful the experience is when it comes to travelling different countries and spending money. You can forget about carrying different currencies. It will the really interesting to see how far Indian Neo Banks ups the game.
सर। Physical Bank p bahut acchi services प्रोवाइड कर रहे हैं। इनकी ऐप बहुत अच्छे से चल रही है। पहली बार ऐसा लगता है कि यह वीडियो बनाने से पहले आपने पूरी रिसर्च नहीं की 🙏
Dear Ankur Bit disappointed about this video. Many of the points you told about traditional banks are incorrect. Many of the traditional banks like SBI have the digital platform right from onboarding of the customer and to ensure seamless banking experience . The chatbot , call centre agents are there with these traditional banks for more than a decade. This looks like more of a promotional video than a video with value for your followers. ..
ankur sir ko normal speed pe dekho toh lagta hai ki slow motion me video dekh rahe ho isliye ankur sir recommended karte hai ki 1.5x speed me video dekho
Hehehe.... I opened Jupiter Account last night. Yes opening was seamless. But now, I am unable to verify myself. Customer support is non-responsive. I got connected to Alexander, i posted my query, waited for 5 minutes and then Alexander disappears. With Basic Account I can't do anything and the basic account is valid for 365 days from opening. I have had a better account opening experience at the India's Biggest Banks (SBI) . The experience was seamless and customer support too is very generous be it at the Branch or online.
Experience is subjective. For me I had different experience in SBI. It was the nearest bank from my home so decided to open a joint account with my parents there. Went to the bank took the physical form and asked everything to a banker for guidance what would require like documents, where to sign etc. My goal was to open the account in one go. Later next day went to bank with parents. They told me to wait. Waited like one hour then I've been called for the submission.same banker called me. Checked my form and documents and said you need to have witness signature who has account in SBI as it's missing in the form so we can not take it!! I said I haven't been informed for the same yesterday by you. That moment I have decided not to open an account in SBI. I took my ID documents and account opening form from her hand and told the same thing right there and left.
Well I can't call it a scam, I'd just like to say it's not what Mr. Ankur is talking about in this video. A bit disappointed with lack of information or misguidance by Mr Ankur whom I trusted so much. Maybe it is because he might receive some commission for every new bakra sorry every new customer or maybe because he is biased to his wonderful friend who is giving this really fulfilling service.
It's a scheme. Warriko is marketing it by taking some fees. Warriko probably makes more money from certain sources rather than investing or buying properties.
Open your Neo Bank account on Jupiter (which otherwise is an invite-only bank), by clicking this link: jptr.onelink.me/TOMp/f2bd2d4e
what is the invite code to open the neo bank account with Jupiter ?
It's still asking for invite code, even after clicking on the link. Please let us know what to do..
It is still asking for an invite code.
After clicking on the link, It still says no invites available. Can you check what is not right?? Kind of good start for neo banking 😅😅
It's done. Takes a little time but it redirects.
Convinced with the offerings - however sharing how these neobanks generate their revenue would have helped form trust, because hey, if you're not paying for a product then you are the product!
I THINK BECAUSE OF VERY LOW COST OF OPERATION, THIS TYPE OF BANKS NHAVE NO INTENTION TO MONETIZE, AS OF NOW
They would make money by selling financial products such as insurance, FD investment products etc.
@@gogogogogo7791 well if as customers we cannot be assured of how they'll be able to pay for their servers and security providers, I'd want to be very careful of opening an account there. They might end up selling your data 😭
Didn't you get it. _Their revenue model_ isn't you but _yours hard earned money_ which an app is taking control
@@JineshBagadia16 valid point. Data protection is paramount now. Even Big MNCs are not safe from data theft. Who can say these neo banks will not willingly sell data.
Beautiful promotion from jupiter :)
Fi money is better option i think
@@utsabdebnath9744 agreed
@@utsabdebnath9744 I agree
@@utsabdebnath9744 yes
But fi money is not for students
Sure, but it's anyway useful.
JUPITER Pots have lesser interest rate than FD and most saving account.
Jupiter will be great in future, as of now I'm facing many problems with them, be delay in refunds or late customer support.
There reward structure is good. Loved it.
Thanks for sharing your experience.
Do we have to maintain any minimal amount to continue with neo bank after opening an account ??
And my 2 ques do we have to pay any certain amount to open an account with neo??
@@mrinal2680 both are no
@@user-cg2pq2df7f YT Scammer spotted
@@mrinal2680 I have opened a account recently after watching this vdo
Till now there's no requirement for deposit any amt.
Incorrect fact: Customer support of most of the traditional banks like HDFC, ICICI and SBI is super easy. SBI customer support is even available at late hours.
NeoBank is that additional layer over traditional bank which has no real concrete usage.
True, cust support has improved and increased a lootttt in sbi.
not sure about SBI but it is terrible for HDFC.
But SBI customer support is outsources and has no teeth, I once called them for a very urgent problem resolution, while they picked up the call earlier rathr than infintely long IVR of ICICI, HDFC etc, after picking up they simply told they do not have access and cant help. It was clear from the converstation they are not directly connected to the core team of bank.
So true! My app keep crashing after installing, I tried contacting many tries but no one got right solution! Just use this shit as wallet like paytm as they have better rewards!
SBI is ok, but I can't vouch for hdfc and icici as it really a super difficult thing to speak to customer care unless u have a salary Account
Ankur you have no idea, (may be you obviously do 😅) how much you have taught me here. I have improved so much in my life regarding managing finances and investments. In fact now im able to impart the knowledge to others in my circle.
I really wish i got that half n hour of yours time in person.
Thank you very much!❤️
Your content is important for us, please keep making. (Unlike banks) 🙂
I use a Bank similar to this in Brazil. 100% digital, and I love it. Glad to see India is coming up with banks like this.
There are traditional banks having great application like SBI, HDFC, ICICI and many more 😉
Only 2 points sound interesting :
1. Can have a look at all accounts in one app.
2. Tracking and analysis included in it.
I've always liked the idea of having multiple bank account. I think you should create a video on this. pros and cons of having multiple bank accounts and how it helps to manage the money better.
how many accounts do you have and for what purposes? because i am getting confused regarding this. do you use separate bank account for crypto transactions as well?
@@tanmayadash615 I have 4 active accounts. and yes you must use separate account for crypto, even after RBI's and SC's notifications some banks still blocks the account if they detect any transaction related to crypto.
Open atleast three bank accounts:
First as a Primary account (I have Kotak), where you'll receive all your funds (don't receive funds in any other bank than primary else it'll be much more complicated at the end of financial year).
Second as Investment account, which is linked to all your demats/AMCs for investment
Third for emergency fund, to store a part of your emergency fund.
@@rohitsoni9325 would you mind telling which saving accounts you use. I use axis as for receiving outside funds(not salary) as well as crypto(not stocks/mutual funds) transaction.Should i use nationalized bank for crypto or axis is just fine?
I have more than 10 bank accounts 😂
Some of the advantages are unique, but some of the newer banks do offer most of these advantages. IDFC first for eg does offer most of these features and is very seamless
very true
Talking about fampay?
True
I'm a DBS Bank customer, and trust me the way they operate is really phenomenol compared to the traditional banks and yes better than HDFC, Axis, ICICI... Future for these Neo Banks are really bright if they can operate decently. Will be opening accounts soon in Jupiter and Fi 🙂
I opened my salary account in hdfc bank and i must they their service and customer support is really good.opened my account fully online and received everything (passbook, debit card , cheque book) at my home within a week. I have had a great experience with hdfc.😊
Wait till u face some issue like credit card incorrectly charged or trying to open an nre/Nro account 😃
@@InsiderGyaan They have called my twice for the credit card , I didn't opted for that , and i also had one issue with the bank where i withdrew the cash but nothing came out from the atm and amount got debited from my account . It took just one email to sort it out , got my money back within 1 working day.I will only say so far so good . I dont know what the future beholds.😊
That facilities because of corporate salary account!
I wish we all had professors like Ankur.
our learning would have been sooooooo good.
Every time ankur posts a video, I'm like ab konsi company ne inko ek samose aur chai mai kharid liya :D
Jo dost hai - wohi samose aur chai se khareedte sakte hai :)
@@warikoo obviously 🙌
😂😂
@warikoo this is what a genius brain always reply towards a small mind
I came to the comment section go point out exactly this, but in other words.. 😂 Everytime he posts a video, I wonder which company has sponsored him. 😂
I opened a new account with IDFC First bank last year. Very convenient, smooth and seamless experience. Haven't visited the branch even once. Great response from RM. Good interest rates
Hey, I'm also looking to open my account with them. Want to use them as emergency funds account or spending account. Which is more suitable with IDFC? I use ICICI as my investing account. Also how much is the maximum cash withdrawal limit in IDFC through a cheque?
Many of you guys are commenting that @warikoo is just posting promotional videos and all. So let me inform you guys he has a whole team, he has to give them salary so that their team keep posting such awesome videos and second thing he has not t monazite his channel which means he doesn’t earn a single penny through youtube ads and I bet you rest all channels based on finance have ad revenue on, despite of that they too do promotional videos in their videos and If I am sure that he too uses all the apps, website etc then only he would be recommending us. And he never forces anyone to go and enroll yourself for that service, he is a idol for me being a civil engineer I had no idea about finance, its all bcoz of his awesome videos and knowledge I got to learn so much from this, Anyways Thank you Ankur sir😊🙏🏻
Ankur - don't you think checking balance of different banks is now available with mostly all the third party psp app, but it will open another loop hole where data sharing became very vulnerable. What you think?
I would have appreciated if there was a comparison with traditional banks in respect of interest rates and limits etc. but then neo banks might not look that appealing. Most of the things mentioned here like customer support, tracking are already provided by big private banks.
Also, many of these videos feel like sponsored by the brands you are talking about which is all okay but it should be clearly stated in the video and description e.g. the invite link itself has your name as influencer when opened which would entail some benefit to you if someone joins from your links.
Maybe you're watching in phone so it's not showing but I'm watching it on TV and it clearly says "Includes Paid Partnership". I think it's CZcams who failed to show the paid partnership tag in phone/web otherwise in TV it's showing clearly.
What's the difference b/w FD and that pot thing he explained? These guys will say anything to make something look good.
@@amkj96 usi ke to paise le rahe he ye bikau log.... Moka mile to apni aatma tak bech de.... 😝 😝 😝
Hey Ankur, I just wished that you publish an important video on MLM(Multi Level Marketing). Specially the disadvantages of this method of marketing so that most people in Tier 2 and Tier 3 cities become aware of it and don't waste their valuable wealth on this fraudulent organisations.
As you are a big influencer, you can reach masses and create awareness among them. Hope you consider this suggestion. Thank you :)
Check his last video, he has.
@@aditya.ishan27 Aditya that was actually Pyramid style of Investment. How to invest in Pyramid style. But I was talking about Pyramid style of Marketing and that's MLM. It will definitely create awareness among masses. And people will stop wasting their hard earned money on those fraudster institutions.
Fi is also a great option, it too is partnered with Federal Bank, there’s no waitlist either.
I have been using it as my primary account for a while now and it’s been a great experience!
3 months down the line, how’s your experience Been with Fi?
I chose both Jupiter n Fi. Curious to stick to one, but unsure.
@@priyankathomas8640 fi
@@priyankathomas8640 go with fi
@@priyankathomas8640 Absolutely loving Fi, the UI UX is seamless... I have completely moved out of Indusind ..which has a lousy app and not much benefit
What about the savings interest on fi money?
Astonished at 09:50 when he says "my driver account is linked with us". Such a niceness and closeness to even driver ..hats off🙌❤️
Came here for a comparison, got that and also got unwanted sales pitch. I'm a millennial and extremely happy and satisfied with Axis Bank and their digital banking experience. I really appreciate what Jupiter is doing though, nothing against them.
Thinking what would happen to neo banks when Traditional Banks steps in.
KotakBank is in with Kotak 811, rest will follow along.
Congrats on reaching 1M subs milestone. Love from Pakistan :-)
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.
Yeah! Having to live on your terms is what really matters atm
Some investors look to their investments as a source of income while others use it as a means to grow or preserve their wealth.
@@firenice9099 It's always for Crypto investors to venture into trading because it is only by trading Cryptos investors can survive bearish periods
For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.
Been trying to get started but i end up loosing out. Do you have a pr0fessi0nal br0ker?
You mentioned how a traditional bank makes money. But how does a Neo bank make its money? what's the business model? Its good to compare but that information is missing here in this video. Can you pls add that?
In Jupiter account two major problems are till now (26/06/2022) 1. Bad customer support👎
2. Very irritating long time of refund process 👎👎
Please inform guys to Jupiter if you can 🙏🙂
Very well explained! Thank you for making this video...
1. Account opening in many of the traditional Banks are as easy as opening an account while having our breakfast before going to office.
I opened a Jupiter account long back just by downloading the app from play store, without any invitation.
2. The only thing I liked about Jupiter is having the snapshot of my debts. However, the details provided was quite old like if I am on 8th month completing a loan, the Jupiter will show the details only till 3rd month.
I will use Jupiter only instead of Google pay. But not compared to a traditional Bank account. It cannot ever replace my traditional Bank account with Jupiter.
Now ICICI Bank, Imobile app allows us to pay to any mobile no linked with any UPI ( Google pay or phone pay or any UPI ) which I have never seen to any other Banking apps.
Who knew there will be a PROMOTION for an app 😂
after his every video on paid promotions, you shouldn't be surprised.
He only makes promotional videos nowadays.
It was mentioned on the left side that it's paid promotions, seems you missed that and now suprised.
@@SURAJKUMAR_A_S I said that we all knew even before opening the video
Whats nee with it book your slot in Jupiter
Best part is ye vo falaan vo dimkhan. Plz like of u also relate this.
*Despite the economic crisis,this is a Still a good time to invest in stock and Crypto*
The rich spend less and invest more
Investing in these economic crisis will be one of the best thing to do,
You're right I think stock and Crypto are the best to invest right now☺️
As stock's are good but crypto is better
I wanted to trade crypto but got confused by the fluctuation in price
I already opened Jupiter a/c last month because of early access. And i love it.... Best feature they provide is pots and net worth of all my account. Plus yeah visa signature debit card
I'm using DBS since 2016. It has now become more of a traditional bank
I closed DBS last week
@@sancharic3380 I and my bro weree discussing about same last week.. they made min bal of 5000 compulsory. They have very limited products.. once it was gr8 unlimited atm withdrawals ,free new debit cards. Now everything changed. I don't know what Sachin has to do with finance he is the brand ambassador..lol
I opened my DBS account in 5 mins in 2017 and they were offering 7% but now they offer only 4-5% . closed my account last week
DBS was traditional from start.
@@856shaileshkumar true
I never bore to watching your video, whatever it 10 or 30 minute.
Hey, you haven't mentioned anything regarding neo bank's revenue model. Making us think if that will be con for us if they charge hefty or what is the scenario?
As always, It was a nice and informative video about Neo Bank. Similar to Neo Bank, There was a wave of the new bank that came some years back called “Payment Bank”. It did not capture the Indian market as expected. Some of them are shut down after investing good amount of money.
I feel they couldn’t get the answer to a simple question, what is ROI (Return on Investment) for these banks?
RBI is looking to make banking simple to everyone and digitalization is the only way forward. But how Neo Banks are going to make money if they can’t give a loan to anyone?
Possibly they can share user information with parent banks like Federal bank for Jupiter. And Jupiter needs to get correct consent for the same. But is it enough for neo banks to survive in the market where they have to give many offers to entice customers from banks like DBS, ICICI, etc. who have a better (Not very good) digital presence?
I would love to hear back from you.
Thank you
I opened jupiter account using ur link. Took me less than 4 minutes. Thanks for sharing. Jupiter seems promising
just yesterday i received my jupiter debit card. but i still have not done any transactions as i was skeptical about this new concept of digital banking. i was wondering why many people are are not talking about this jupiter bank. after watching your video i m sure i got to know what it actually is. thank you sir.
Then Jupiter bank is making profits.if it is zero balance account
We can use Neo bank as a daily spending account keeping a low amount and not treating it as a saving account that would be much better for start although this is seeming the future especially for typical introverts who HATES to go to bank :)
AMAZING EXPERIENCE WITH OPENING ACCOUNT WITH JUPITER...👌👌👍👍
Sir how cryptocurrency can harm the macroeconomy and financial stability of india please make a detailed video on it
Sir i have a question - is neo bank based on block chain technology
Thank you Ankur Bhai for the detailed and crisp details
I just love all the videos of yours but this doesn't seem to help like the others as you mentioned that traditional banks earn money by giving loans at a higher rate but since Jupiter just can't provide loans so how will it earn money?? By selling our data??
And in this modern technological fintech who has to wait to just open a bank account? I mean just why is the concept of waitlist is there??
Sir, please make a video on 12% club app by Bharat pe!
Beautiful AD for Jupiter :)
Thank you Ankur.. This is really helpful and so easy to understand...
Sir itni mehnat krte hai aap, best quality information and ideas dete hain but phir bhi sir aap video ko monetize nhi krte hain, this your Right sir please monetize ur hardwork behind the making of these informative videos.
U have A joyful way of explaination. Thanks👍🤩
You are just amazing I started my investing from you god bless u sir 😍
Opening a bank account it's very easy in traditional banks sir, recently I opened a current account with Axis Bank and it's active in 2 days... And I no need to visit bank.
Sir you should open an account in federal bank. It is very convenient and genuine. Very quality bank and most importantly not having a single issue mentioned in your Jupiter is using the infrastructure build by Federal bank and federal bank is offering these services for years .
Thank you so much for information 😊🙏❤
I have seen many videos on CZcams regarding stock market and all but I never found any one who is explaining very good but when I saw your CZcams channel I feel amazing I mean I can understand everything. I hugely Request you to make a video on how to fix stocks for swing trading for 1-3weeks ! Which can give some amount of returns !
2:42 for that reasoned neo banks future will be restricted reasoned if you want to add money you need to another bank account which is physically present in your location . that's actually a flaw of neo banking .
The only reason I use Jupiter is for the 10% cashback rewards. Rest everything else is useless. Thanks for exaggerating the advantages so much that you forgot to mention that Jupiter gives 2.5% savings account interest rate as compared to even 7% in some so-called traditional banks. I think twice before transferring money into this account. Kudos for painting such a biased picture *slow clap*
Exactly
Where are you getting 7% on savings account, may I know?
Do you suggest Paytm bank instead of these neobanks?
@@yashwanthr21 I haven't used it personally, so would not be able to comment
@@shashwatgangwar8782 that's fair, would you suggest me neobanks?
Do neo banks gives interest on normal deposits?
I'm actually using Jupiter rn. But it takes much more time than a traditional bank to settle money. Acc to Me, It should not be your Primary Bank Acc.
The reason there is a lengthy process of onboarding a customer bcoz of a long background verification which helps the bank to identify who the customer is, whome they are dealing and if they posses any risk to the bank and when it comes to Neo banks have poor KYC verification process or not as good as traditional banks.
Sir axis Bank Mobile app gives you points on your transaction and bill payments you can check on the app also it is not that the bank don't give anything it gives but it is comparable less . And then are not showcase as must the perks of the app
Thanks for the refreshing update ! Definitely deserves an addition in ones Banking portfolio.
Have created account post watching this video, experience was seamless and quick, for me ease of using app is the most priority, I'm having ICICI & HDFC both but for app experience i prefer ICICI more than HDFC, and Jupiter seems at par compare to ICICI. Gonna try pots too, let's see how the tracking and savings works...🤞
pots is nothing by a recurring deposit, I guess.
HDFC has a really poor UI everywhere. Most other banks have picked up on this, but they don't seem to care. That's the only thing I don't like about HDFC.
I use Fi and ICICI imobile . HDFC mobile app is the worst.
Thank you for explaining this new age concept in a simplistic way. I wonder if RBI is allowing this neo bank concept to enhance digital experience, then y dnt they introduce digital currency.
Fantastic video. Excellent content as always. 🙏
I have SBi account and it's the most seamless and easy app to use.
Love your explanations ❤️
You have an amazing personality and distinct persona. Keep up the great work
This vedio has emphasised that TRUST is only with traditional Banks
are you going to make a video on how to study abroad or shall i start a FD
Just realized ( noticed ) how technology combined with editing can create something funny
As for we can see at 0:26
This also somewhat justifies as to why films do better than dramas
Films are presented with the best user experience as it involves all kinds of technological tools that hides human error whereas Dramas involves a pure display to the eyes and doesn't try to eliminate any form of error and hence its pure.
P. S - Just an observation.. Nothing against anyone :)
@WHatsApp ➕①⑨②⓪③③③②⑦①② Hahah.. Stop scamming and go find some work
This will feed you for once but a secured and healthy income will feed you for life
Such an awesome concept.
I'm Jupiter user. 110% satisfied.
Hey Ankur, what are your views on Fi money?
Which is best Fi Money or Jupiter?
Watch amazing stories of extraordinary people with ankur sir on the Hustlers Show.
Hole difference of neobank or traditional banks we can't use for employment sallary debits. Because they don't gives you passbook or cheque book that I submit or use anywhere.
I think paytm payment bank is the best neo bank.. available right now.. what do you think..
It's not a neobank. It is a payment bank. Rbi has different rules for payments bank
Thank you for yet another Intututive Video. Personally I feel and I know the Neo Banking concept will boom massively in India. We have already prooven evidences of Wise Transfer, Revolute, Monzo...the list is huge which are primarily European Market dominants. They offer a lot things like, Airport Lounges, Crypots, investing in Global funds...etc. I have been a long time Revolute users, so I know how beautiful the experience is when it comes to travelling different countries and spending money. You can forget about carrying different currencies. It will the really interesting to see how far Indian Neo Banks ups the game.
सर। Physical Bank p bahut acchi services प्रोवाइड कर रहे हैं। इनकी ऐप बहुत अच्छे से चल रही है। पहली बार ऐसा लगता है कि यह वीडियो बनाने से पहले आपने पूरी रिसर्च नहीं की 🙏
Thanks for this nice information
I'm just thinking is CRED secretly becoming a neo bank?
yes i have that doubt
Dear Ankur
Bit disappointed about this video. Many of the points you told about traditional banks are incorrect. Many of the traditional banks like SBI have the digital platform right from onboarding of the customer and to ensure seamless banking experience . The chatbot , call centre agents are there with these traditional banks for more than a decade. This looks like more of a promotional video than a video with value for your followers. ..
ankur sir ko normal speed pe dekho toh lagta hai ki slow motion me video dekh rahe ho isliye ankur sir recommended karte hai ki 1.5x speed me video dekho
Why does this feel like a paid promotion rather than an actual unbiased take on neobanks?
@warikoo sir, Can we also have video on 12% app by BharatPe. Pros and cons. Is it good for retail Invester and How its better than FD :)
Hehehe....
I opened Jupiter Account last night. Yes opening was seamless. But now, I am unable to verify myself. Customer support is non-responsive. I got connected to Alexander, i posted my query, waited for 5 minutes and then Alexander disappears. With Basic Account I can't do anything and the basic account is valid for 365 days from opening.
I have had a better account opening experience at the India's Biggest Banks (SBI) . The experience was seamless and customer support too is very generous be it at the Branch or online.
Experience is subjective. For me I had different experience in SBI. It was the nearest bank from my home so decided to open a joint account with my parents there. Went to the bank took the physical form and asked everything to a banker for guidance what would require like documents, where to sign etc. My goal was to open the account in one go. Later next day went to bank with parents. They told me to wait. Waited like one hour then I've been called for the submission.same banker called me. Checked my form and documents and said you need to have witness signature who has account in SBI as it's missing in the form so we can not take it!! I said I haven't been informed for the same yesterday by you. That moment I have decided not to open an account in SBI. I took my ID documents and account opening form from her hand and told the same thing right there and left.
Please make a video on tata ethical fund.
I just saw a 20 minute ad?
Sir, kya iske liye Phone pay, Paytm hona zaruri hai? ya iske jagah per jupiter better hai
21:20 mins long ad probably the longest one I have seen
Now a days public banks have digitized account opening process which is easy and fast along with support from contact centre, chat boats.
One more day, one more video, one more paid promotion, one more biased review.
These days every video just seems like a really long advert.
Excellent explanation
Very well explained
Sir please make a video on 12% club powered by BharatPe which assures 12% returns
Hi sir hope ur good I have started investment saving it helps me a lot thanks for all support..
Well I can't call it a scam, I'd just like to say it's not what Mr. Ankur is talking about in this video.
A bit disappointed with lack of information or misguidance by Mr Ankur whom I trusted so much.
Maybe it is because he might receive some commission for every new bakra sorry every new customer or maybe because he is biased to his wonderful friend who is giving this really fulfilling service.
It's a scheme. Warriko is marketing it by taking some fees. Warriko probably makes more money from certain sources rather than investing or buying properties.
I like your video starting sound ...and all videos