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.

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, or Prime account plans, it is required to maintain their respective balances but no fees would be charged. For users on the Regular account plan, an average monthly balance of ₹5,000 is required to avoid penalties. If this balance is not maintained, a fee of up to ₹300/month is applicable with no annual cap.

What interest do I earn on my savings account balances?

2.5% 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.

What about interest rates on Fixed Deposits and Smart Deposits?

You can get up to 6.5% p.a. interest on your Smart Deposit and up to 6.85% 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.

Physical Debit Card Issuance Charges

Users on Regular, Standard and Plus account plans can order a physical Fi-Federal Debit Card for ₹299. Users on the Infinite and Prime plans receive their first physical Fi-Federal debit card free of charge. For charges on subsequent or replacement card orders, please refer to the section below

Annual Maintenance Charges

Based on your Plan on your Card Anniversary

Standard: An annual maintenance charge of ₹299 applies.
Plus: An annual maintenance charge of ₹199 applies if your total debit card spends are below ₹25,000 in a year. Spend ₹25,000 or more annually to get the charges waived.
Infinite and Prime: The AMC will be waived if you're on any of these plans at the time of your card anniversary.
Regular: W.e.f 1st June 2025, an annual maintenance charge of ₹399 applies. If you haven’t ordered a physical debit card, virtual debit card annual charges will apply instead.
For details, see Virtual Debit Card Charges under the “All Things Digital” section.

Card Replacements

Misplaced your Debit Card? Don’t worry. Here are the current charges for getting a replacement card as per your account plan:

Prime: ₹299
Infinite: ₹299
Plus: ₹299
Standard/Regular: ₹299

Forex Charges on Debit Cards

You can enjoy Zero forex charges if you're on the Plus, Infinite, 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.

Note: 3.5% forex markup will be charged on all international debit card transactions at first. It will be reversed for eligible users within 30 days.

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 ₹23 per 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.

Fuel surcharge

For POS transactions at Petrol Pumps, expect a surcharge.
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.

Account Closure Charges

Thinking of closing your account? We’d be sad to see you go, but we believe in transparency. If you decide to close your account, a one-time fee of ₹299 will apply.

All Things Digital 💻

Payments - NEFT, RTGS Online

Fee-free transactions!
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.

Virtual Debit Card

Ordered a Visa Debit Card?
Get a ready-to-use virtual card. Immediately 💳

Virtual Debit Card Annual Charges

Regular Plan Holders: ₹399 annually.
Standard, Prime, Infinite, and Plus Plan Holders: Waived off

W.e.f June 1, 2025, users on the Regular plan will be charged an annual maintenance fee (AMC) for their virtual debit card on the card’s anniversary date.

Example: Suppose you were issued a virtual debit card on 10th July 2024. In that case, the AMC will be charged on 10th July 2025, and annually thereafter.

Payments - UPI / IMPS

Money management made smarter, not harder.
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 / 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 more, you can find the relevant fee document here.

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

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.

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!

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.

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.

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.

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.

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. For more, you can find the relevant fee document here.

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. For more, you can find the relevant fee document here for the fees.

The charges mentioned above are specifically for Savings Account users on Fi. For more, you can find the relevant fee document here.

Note: Additional GST & other applicable taxes will be applicable on all the above-mentioned fees.

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