# Kosh vs Fi and Jupiter: Neobank Insights Compared

> Fi wound down its banking app in 2026; Jupiter still offers accounts, cards and money insights. How Kosh differs, and how to keep your money picture.

Source: https://trykosh.com/compare/kosh-vs-neobank-insights

Compare - Kosh and neobank money insights (Fi, Jupiter and similar)

# Kosh vs neobank money insights (Fi, Jupiter and similar)

Neobank apps such as Fi and Jupiter made spending insights popular in India. Fi has since wound down its banking services. Here's where things stand and how Kosh fits in.

Updated 25 October 2026Written by Kosh, so read with that in mind

On this page[In short](#in-short)[Side by side](#side-by-side)[What happened to Fi](#what-happened-to-fi)[What Jupiter offers now](#what-jupiter-offers)[What neobank insights can and can't see](#what-they-see)[What Kosh does differently](#what-kosh-does)[If an app you rely on changes](#if-an-app-changes)[Who should use which](#who-should-use-which)[FAQs](#faq)

**In short**

-   Fi wound down banking services on its app in March 2026. Existing Federal Bank accounts stay open and are used through Federal Bank's FedMobile app.
-   Jupiter still offers a savings account with Federal Bank, cards, UPI, loans and investments through partners, with a money tracker built in.
-   Neobank insights mostly see the money that flows through that one account. Kosh reads statements from any Indian bank and card, so it sees everything you upload.
-   Kosh doesn't hold deposits or make payments. It plans: spending, leaks, tax under both regimes and goals.
-   Keep your bank in a bank. Use Kosh for the view across all of them.

## Side by side

Kosh

Neobank apps (Fi, Jupiter)

What it is

An AI CFO for your whole financial life

Banking apps built on partner banks, with spend insights

How it gets your data

Statements you upload (PDF, CSV, photo, CAMS/NSDL CAS). Never asks for bank logins, OTPs or card numbers

Mainly transactions on the account and cards in the app

Tax under both regimes

Yes: tax under both regimes from your real salary, rent and investments

Not a core feature of these apps

Leaks and next steps

Yes: forgotten subscriptions, card interest, delivery creep, idle cash, with one top fix

Jupiter: automatic spend categories, a money tracker and a wellness score

Executes trades or payments

No. Can't move money, hold money or execute trades

Jupiter: UPI, cards, investments and loans through partners. Fi: banking services wound down in 2026

How it makes money

Subscriptions only. No commissions from banks, funds or insurers

Jupiter lists account and card charges; it doesn't set out its revenue model on its home page

Regulator or licence

Not a SEBI-registered adviser; an educational planning tool

Neither is a bank. Jupiter's partners include Federal Bank, CSB Bank, an RBI-authorised PPI issuer and NBFCs

Price

Free Starter; Pro INR 2,000 a month or INR 19,999 a year, starting with a free 7-day trial

Free to open; Jupiter lists charges such as card and maintenance fees

## What happened to Fi

Fi launched in 2021 as a banking app built with Federal Bank. In March 2026, [TechCrunch reported](https://techcrunch.com/2026/03/11/india-neobank-fi-winds-down-banking-services-on-its-platform) that Fi was discontinuing banking services on its app. Customers' Federal Bank savings accounts stay active and are now accessed through Federal Bank's FedMobile app. Both companies described it as a business realignment and said funds remain safe and accessible.

[Fi's website](https://fi.money/) now says new savings accounts can't be opened through the Fi app and asks existing customers to log in to FedMobile. Fi-Points stopped accruing on 20 March 2026 and redemption closed on 31 March 2026. According to TechCrunch, the company is refocusing on technology and AI systems for businesses.

**If you were a Fi user**

If you used Fi for spend insights, your account itself hasn't gone anywhere. Download your Federal Bank statements from FedMobile or net banking. Those statements are exactly what Kosh reads.

## What Jupiter offers now

[Jupiter's website](https://jupiter.money/) says plainly that Jupiter is not a bank. It offers a savings account hosted by Federal Bank, credit cards issued by CSB Bank or Federal Bank, UPI as an NPCI-registered third-party app, mutual funds, digital gold, FDs and RDs, insurance, and personal loans and loans against mutual funds through NBFC partners. It also has automatic spend categorisation, a money tracker and a wellness score. Its site lists charges such as a one-time debit card fee, annual maintenance and a low-balance charge on some account tiers.

## What neobank insights can and can't see

Insights inside a banking app are convenient because they're automatic. But they mostly cover the money that flows through that app's account and cards. If your salary lands in one bank, rent goes from another and you spend on two credit cards, any single app sees part of the picture.

## What Kosh does differently

-   **Any bank, any card.** Upload PDF, CSV or photo statements from any Indian bank or card, plus your CAMS or NSDL CAS. Overlapping statements merge.
-   **No logins.** Kosh never asks for bank logins, OTPs or card numbers. Locked PDFs are opened in your browser, so the password never leaves your device.
-   **Beyond insights.** Tax under both regimes from your real numbers, goal plans with SIP amounts, reminders before due dates and renewals, and one clear thing to fix first.
-   **Nothing to move.** Kosh doesn't hold your money or make payments, so there's no account to migrate if a product changes.

## If an app you rely on changes

Fi's wind-down is a useful reminder that apps change, even when your money is safe with the bank behind them. A few habits keep your financial picture yours:

-   **Download statements regularly.** Your bank's statements are the record that outlasts any app. Save a PDF each month.
-   **Know who holds your money.** With a neobank, the account sits with a partner bank. Note which one, and how to reach it directly.
-   **Keep insights portable.** If your budget lives inside one app, it disappears with that app. Tools that work from statements can be rebuilt from the files you already have.

## Who should use which

If you want a banking app with built-in cards and rewards, a neobank such as Jupiter is designed for that. If you want one picture across every account you have, plus tax and planning, Kosh is designed for that. They work together: bank wherever suits you, then upload your statements to Kosh each month. Our guide to [tracking expenses from bank statements](/learn/how-to-track-expenses-from-bank-statements) shows how.

[Free tool**Monthly budget planner**List what comes in and what goes out each month, in the categories Indian households actually spend on. The planner shows your savings rate, ranks your expenses and checks them against the 50/30/20 rule.](/tools/budget-planner)[Free tool**50/30/20 budget calculator**The 50/30/20 rule splits take-home pay into three buckets: half for needs, 30% for wants and 20% for savings. Enter your salary to see the rupee amounts, adjust the split for your city, and check how your current spending measures up.](/tools/50-30-20-budget-calculator)[Free tool**Subscription cost calculator**Small monthly plans are easy to forget and easy to keep paying. Add them up, flag the ones you barely use, and see what that money could become if it were invested instead.](/tools/subscription-cost-calculator)[Free tool**Emergency fund calculator**An emergency fund pays the bills if your income stops or a big unplanned cost lands. This calculator sizes yours from your essential spending, EMIs and how steady your income is, and shows a simple way to park it.](/tools/emergency-fund-calculator)

## Free tools to try first

[Free tool**Monthly budget planner**List what comes in and what goes out each month, in the categories Indian households actually spend on. The planner shows your savings rate, ranks your expenses and checks them against the 50/30/20 rule.](/tools/budget-planner)[Free tool**50/30/20 budget calculator**The 50/30/20 rule splits take-home pay into three buckets: half for needs, 30% for wants and 20% for savings. Enter your salary to see the rupee amounts, adjust the split for your city, and check how your current spending measures up.](/tools/50-30-20-budget-calculator)[Free tool**Subscription cost calculator**Small monthly plans are easy to forget and easy to keep paying. Add them up, flag the ones you barely use, and see what that money could become if it were invested instead.](/tools/subscription-cost-calculator)[Free tool**Emergency fund calculator**An emergency fund pays the bills if your income stops or a big unplanned cost lands. This calculator sizes yours from your essential spending, EMIs and how steady your income is, and shows a simple way to park it.](/tools/emergency-fund-calculator)

## Frequently asked questions

Is Fi Money still working?

Fi wound down banking services on its app in March 2026, as reported by TechCrunch. Existing Federal Bank savings accounts stay active and are accessed through Federal Bank's FedMobile app, and new savings accounts can't be opened through Fi.

What is a good Fi Money alternative for tracking spending?

If you want a banking app, neobanks such as Jupiter still offer accounts with spend insights. If you want one view across every bank and card plus tax and planning, an AI CFO like Kosh reads your downloaded statements instead. You can also use both.

Is Jupiter a bank?

No. Jupiter's own website says it is not a bank. Its savings account is hosted by Federal Bank, its cards are issued by partner banks, and its loans come from NBFC partners.

Does Kosh need my bank login like a neobank app?

No. Kosh never asks for bank logins, OTPs or card numbers. You upload statements you download yourself, and locked PDFs are opened in your browser so the password never leaves your device.

Can Kosh replace my bank account?

No. Kosh cannot hold money, move money or make payments. It is a planning tool that reads your statements and works out your spending, tax and goals.

## Sources

-   [TechCrunch: Fi winds down banking services (11 March 2026)](https://techcrunch.com/2026/03/11/india-neobank-fi-winds-down-banking-services-on-its-platform)
-   [Fi: home page notice](https://fi.money/)
-   [Jupiter: home page, partners and charges](https://jupiter.money/)

Descriptions of other products come from their public websites as of 25 October 2026 and may have changed since. Kosh is our product. Product names belong to their owners. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.

## See what Kosh finds in your statements.

Upload one bank or card statement. Kosh maps your money, works out your tax under both regimes and shows the one thing to fix first. It never asks for bank logins and can't move money.

[Start free](/signup?via=compare-kosh-vs-neobank-insights)