JazzCash is a popular mobile wallet and micro-banking services provider, It is widely used for financial transactions and utility bill payments by hundreds of thousands of users.
JazzCash charges fees based on the amount deposited. Here’s how it works:
- Deposits from Rs. 50 to Rs. 20,000:
- A fee of 0.50% is charged on the deposited amount.
- For example, if you deposit Rs. 10,000, the fee is 0.50% of Rs. 10,000, which equals Rs. 50.
- An additional Federal Excise Duty (FED) of 16% is applied to this fee. For Rs. 50, the FED would be 16% of Rs. 50, which is Rs. 8.
- Deposits above Rs. 20,000:
- A flat fee of Rs. 100 is charged.
- FED also applies to this flat fee. For Rs. 100, the FED would be 16% of Rs. 100, which is Rs. 16.
Understanding the GST Calculation:
People are often confused about the fee and FED structure and how much deduction will occur when they send or receive money. Here is the formula to understand these deductions:
- For deposits between Rs. 50 and Rs. 20,000:
- Fee Calculation: Fee=Deposit Amount×0.50%\text{Fee} = \text{Deposit Amount} \times 0.50\%Fee=Deposit Amount×0.50%
- FED Calculation: FED=Fee×16%\text{FED} = \text{Fee} \times 16\%FED=Fee×16%
- Total Fee: Total Fee=Fee+FED\text{Total Fee} = \text{Fee} + \text{FED}Total Fee=Fee+FED
- For deposits above Rs. 20,000:
- Flat Fee: Fee=Rs.100\text{Fee} = Rs. 100Fee=Rs.100
- FED Calculation: FED=Fee×16%\text{FED} = \text{Fee} \times 16\%FED=Fee×16%
- Total Fee: Total Fee=Fee+FED\text{Total Fee} = \text{Fee} + \text{FED}Total Fee=Fee+FED
Example Calculation for a Rs. 10,000 Deposit:
- Fee: Rs.10,000×0.50%=Rs.50Rs. 10,000 \times 0.50\% = Rs. 50Rs.10,000×0.50%=Rs.50
- FED: Rs.50×16%=Rs.8Rs. 50 \times 16\% = Rs. 8Rs.50×16%=Rs.8
- Total Fee: Rs.50+Rs.8=Rs.58Rs. 50 + Rs. 8 = Rs. 58Rs.50+Rs.8=Rs.58
Example Calculation for a Rs. 25,000 Deposit:
- Flat Fee: Rs. 100
- FED: Rs.100×16%=Rs.16Rs. 100 \times 16\% = Rs. 16Rs.100×16%=Rs.16
- Total Fee: Rs.100+Rs.16=Rs.116Rs. 100 + Rs. 16 = Rs. 116Rs.100+Rs.16=Rs.116
Users should consider these fees and additional costs when depositing cash through JazzCash agents.
JazzCash Cash Deposit Charges (2024):
| Cash Amount | Charges (Rs.) |
|---|---|
| 0 – 1,000 | 35 |
| 1,001 – 2,500 | 50 |
| 2,501 – 4,000 | 65 |
| 4,001 – 6,000 | 80 |
| 6,001 – 8,000 | 90 |
| 8,001 – 10,000 | 105 |
| 10,001 – 13,000 | 120 |
| 13,001 – 15,000 | 130 |
| 15,001 – 20,000 | 165 |
| 20,001 – 25,000 | 200 |
| 25,001 – 30,000 | 250 |
| 30,001 – 40,000 | 325 |
| 40,001 – 50,000 | 400 |
Money Transfer from M-Wallet to CNIC:
| Amount (Rs.) | Charges (Rs.) |
|---|---|
| 0 – 1,000 | 55 |
| 1,001 – 2,500 | 110 |
| 2,501 – 4,000 | 160 |
| 4,001 – 6,000 | 215 |
| 6,001 – 8,000 | 270 |
| 8,001 – 10,000 | 320 |
| 10,001 – 13,000 | 375 |
| 13,001 – 16,000 | 430 |
| 16,001 – 20,000 | 500 |
| 20,001 – 25,000 | 650 |
Note: Users should consider these fees and additional costs (such as FED) when making transactions through JazzCash agents.
Read More: Jazz Monthly Super Duper Offer Details
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