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About Us
Cards
Debit Card
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
Account Fees
Fi helps you manage your money smartly through a bunch of cool features. We try and reduce the overall amount of fees you are charged.
However, certain facilities are charged via our partner bank. Scroll down to read all about them.
However, certain facilities are charged via our partner bank. Scroll down to read all about them.
Things That Matter 🌟
Who is eligible?
We’re currently open only to Working Professionals who reside in India.
Is there a minimum balance?
For Plus, Infinite, Salary or Prime account plans, it is required to maintain their respective balances but no fees would be charged.
An average monthly balance of ₹5000 should be maintained for users on Regular account plan. If it isn’t maintained, a monthly fee of up to ₹200 (up to ₹1000 annually) is applicable.
An average monthly balance of ₹5000 should be maintained for users on Regular account plan. If it isn’t maintained, a monthly fee of up to ₹200 (up to ₹1000 annually) is applicable.
What interest do I earn on my savings account balances?
3.00% is the interest rate for Savings Accounts.
Heads up! All banks change these rates (once in a while) based on market conditions, etc.
So, for a complete breakdown, head to savings rate.
Heads up! All banks change these rates (once in a while) based on market conditions, etc.
So, for a complete breakdown, head to savings rate.
What about interest rates on Fixed Deposits and Smart Deposits?
You can get up to 6.8% p.a. interest on your Smart Deposit and up to 7.4% p.a. interest on your Fixed Deposit. We've partnered with Federal Bank to offer one of the best interest rates in the market.
For more details, check deposit rate.
For more details, check deposit rate.
Account Maintenance
There are no charges for maintaining a Federal Bank Savings Account through Fi.
Visa Platinum Debit Card
Users on Regular, Standard and Plus account plans can order a physical VISA Platinum Debit Card for ₹299+GST. If you're on Infinite, Salary or Prime plans, you can order one for free. Annual maintenance charges for Regular, Standard and Plus are ₹299
Forex Charges on Debit Cards
You can enjoy Zero forex charges if you're on the Plus, Infinite, Salary or Prime account plans. For users on Standard & Regular plans, a 3.5% markup will be charged on international spends.
Plus: We’ve waived off international transaction charges for all transactions (except on crypto transactions) up to ₹30K per month w.e.f. 8 March 2024. Before 8th March 2024, forex charges on transactions up to ₹50K per month will be waived off.
Plus: We’ve waived off international transaction charges for all transactions (except on crypto transactions) up to ₹30K per month w.e.f. 8 March 2024. Before 8th March 2024, forex charges on transactions up to ₹50K per month will be waived off.
ATM Transactions
Love the feeling of having cash in your wallet? We hear you. Use your Visa Debit Card at any ATM in India.
You can withdraw cash from any Federal Bank ATM for free.
At other ATMs, there’s a limit to the number of free transactions:
At other ATMs (Metro): 3/ month.
At other ATMs (Non-metro): 5/ month.
A fee of ₹25/transaction will be charged after the respective transaction limits.
You can withdraw cash from any Federal Bank ATM for free.
At other ATMs, there’s a limit to the number of free transactions:
At other ATMs (Metro): 3/ month.
At other ATMs (Non-metro): 5/ month.
A fee of ₹25/transaction will be charged after the respective transaction limits.
International ATM charges
You can use your Debit Card wherever VISA is accepted 💳
When you withdraw cash from an International ATM, there is a fee of ₹200.
When you withdraw cash from an International ATM, there is a fee of ₹200.
Card Replacements
Misplaced your Debit Card? Don’t worry.Here are the current charges for getting a replacement card as per your account plan:
Salary/Infinite: ₹199
Plus: ₹299
Standard/Regular: ₹299
Salary/Infinite: ₹199
Plus: ₹299
Standard/Regular: ₹299
Fuel surcharge
For POS transactions at Petrol Pumps, expect a surcharge.
It’s 2.5% of the transaction amount or ₹10, whichever is higher.
It’s 2.5% of the transaction amount or ₹10, whichever is higher.
Purchase transaction decline fee (due to insufficient funds, Withdrawal Limit Exceeded, Transaction Channel Deactivated, Incorrect PIN and Blocked due to excessive PIN tries, invalid CVV.)
We’ll waive the fees on the first 2 transaction declines in a month.
However, from the 3rd transaction decline, a fee will be charged per decline as follows:
Domestic: ₹25
International: ₹200
Please ensure you have sufficient funds in your savings account before trying to withdraw money.
However, from the 3rd transaction decline, a fee will be charged per decline as follows:
Domestic: ₹25
International: ₹200
Please ensure you have sufficient funds in your savings account before trying to withdraw money.
All Things Digital 💻
Payments - NEFT, RTGS Online
Fee-free transactions!
We’re digital – of course, we love online transfers⚡️
We’re digital – of course, we love online transfers⚡️
SMS /Email updates/ Mobile Banking/ Internet Banking
Stay updated, free of charge.
Get instant notifications the second you pay or get paid.
Get instant notifications the second you pay or get paid.
Digital Debit Card
Ordered a Visa Debit Card?
Get a ready-to-use virtual card. Immediately 💳
Get a ready-to-use virtual card. Immediately 💳
Payments - UPI / IMPS
Money management made smarter, not harder.
Swift money transfers: Hassle-free; zero transaction charges.
Swift money transfers: Hassle-free; zero transaction charges.
Digital Account Statements
A free snapshot of the cash in your account! Whenever you want one.
Paper & Branch Based: We hope these are few and far between 📝
Chequebook
Since you’re on Fi, there’s very little need for chequebooks. But in case you really want it, here are two things to keep in mind:
- Only full-KYC users can send us a chequebook request.
Standard / Regular: For ₹100, we’ll deliver a chequebook with 10 cheque leaves.
Plus / Salary / Infinite & Prime: Your first chequebook with 10 leaves is on us. Subsequent chequebooks with 10 leaves will cost ₹100.
- Only full-KYC users can send us a chequebook request.
Standard / Regular: For ₹100, we’ll deliver a chequebook with 10 cheque leaves.
Plus / Salary / Infinite & Prime: Your first chequebook with 10 leaves is on us. Subsequent chequebooks with 10 leaves will cost ₹100.
Demand Draft
Chances that you’ll require a Demand Draft (DD) are slim to none. However, if you need one, just holler!
DDs for upto ₹1 lakh per quarter are fee-free 🗞
For all DD-related fees, go to page 8 of this document.
DDs for upto ₹1 lakh per quarter are fee-free 🗞
For all DD-related fees, go to page 8 of this document.
Stop Cheque Payment charges
Want to stop a cheque from getting processed? Let our Customer Care Centre know, and we can make it happen.
The charges for that are ₹100 per cheque.
Or ₹500 for a series of three cheques or more.
Customer Care Centre
The charges for that are ₹100 per cheque.
Or ₹500 for a series of three cheques or more.
Customer Care Centre
Physical Signed Account Statement Delivery
Working on your visa or loan application? You might need a signed banking statement.
If you want us to, our Partner Bank will sign & deliver one free statement (per month). Need more than one? There’s a ₹100 fee. For every 40 transactions listed, an additional ₹100 gets charged.
If you want us to, our Partner Bank will sign & deliver one free statement (per month). Need more than one? There’s a ₹100 fee. For every 40 transactions listed, an additional ₹100 gets charged.
Balance Certificate
Need to produce a ’Proof of Funds’ document?
We can send you an official Balance Certificate 📜
In fact, we’ll deliver it to your doorstep.
All this for just ₹100!
We can send you an official Balance Certificate 📜
In fact, we’ll deliver it to your doorstep.
All this for just ₹100!
Interest Certificate
This certificate verifies how much interest you earned.
Centred specifically on your savings account & Fixed/Smart deposits.
If you need one, we’ll send one for free on a yearly basis. Need more, we charge you ₹100 per interest certificate.
Centred specifically on your savings account & Fixed/Smart deposits.
If you need one, we’ll send one for free on a yearly basis. Need more, we charge you ₹100 per interest certificate.
Other Bank ATMs Transactions decline charges (due to insufficient funds, Transaction Channel Deactivated, Incorrect PIN and Blocked due to excessive PIN tries, withdrawal failure in your account).
You can check your balance (for free) anytime on the Fi app!
So, there’s only a ghost of a chance that this scenario may happen👻
In any case, there’s a fee of ₹25 for every transaction decline at any bank ATM within India and ₹200 for every transaction decline at any bank ATM outside India.
So ensure you have sufficient funds before trying to withdraw.
So, there’s only a ghost of a chance that this scenario may happen👻
In any case, there’s a fee of ₹25 for every transaction decline at any bank ATM within India and ₹200 for every transaction decline at any bank ATM outside India.
So ensure you have sufficient funds before trying to withdraw.
Outward return charges
If the cheque bounces -
* First time: ₹125;
* Second time: ₹250;
* Three or more times: ₹500.
Note: Every financial quarter (3 months), the fee cycle is reset.
* First time: ₹125;
* Second time: ₹250;
* Three or more times: ₹500.
Note: Every financial quarter (3 months), the fee cycle is reset.
Inward return charges
Fi users have the option of submitting cheques as well. In an unlikely scenario, if a cheque gets returned there’s a fee.
It’s called an Inward Return Charge, and it’s ₹150.
It’s called an Inward Return Charge, and it’s ₹150.
Collection of cheques (outstation)/Inward LCC
Our banking partner is willing to collect cheques from users.
There’s a fee involved for processing these cheques.
It starts from ₹15 onwards. Read more on page 5 of this document.
There’s a fee involved for processing these cheques.
It starts from ₹15 onwards. Read more on page 5 of this document.
ECS/NACH
National Automated Clearing House (NACH) & Electronic Clearing Service (ECS).
They help complete high-volume, interbank online transfers that are fixed and periodic! Think regular EMIs, loan repayments, and so on. Turn to page 6 of this document for the fees.
They help complete high-volume, interbank online transfers that are fixed and periodic! Think regular EMIs, loan repayments, and so on. Turn to page 6 of this document for the fees.
The charges mentioned above are specifically for Savings Account users on Fi. To view any other fees, please head to our banking partner’s fee document.
Note: Additional GST & other applicable taxes will be applicable on all the above-mentioned fees.
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Fi is a money management platform that re-imagines the banking experience in India. The Federal Bank Account offered through our App, is a digital bank account that gives you the fastest way to open a bank account online.
You can do everything from the Fi App, including p2p payments, fund transfers, bill payments, and more, with features to automate every action. You also get a Debit Card, spends insights and tools to grow your investment and earn rewards.
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