JazzCash Funds Transfer fee update for July 2024

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 Funds Transfer Latest Fee Update for July 2024

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