Previously, it was credited as 2% cashback i.e. rewards. Going forward, rewards will be generated as Fi-Points.
Salary Basic users get 1% back in Fi-Points (up to ₹100 per month).
Salary users get 2% back in Fi-Points (up to ₹1000 per month).
For example, if you spend ₹100, you get 2% back, which means you receive Fi-Points worth ₹2. The value remains the same as before, just in a different format.