Fi Money

Account Opening Charge

Nill

Minimum Balance

Zero

Interest Rate

2.5%-3%

Fi is a neobank partnered with the federal bank. It comes with a smart, zero-balance savings account and features that help you get better with your money.currently open only to Working Professionals who reside in India.

Money insured up to ₹5 lakh 

No minimum balance For the Standard Variant Account

Zero forex markup

Withdraw from any ATM 

Transparency in fees 

 Minimum balance

 

 No penalties or fees for not maintaining a minimum balance. 
However, maintaining higher balances waives off other charges (related to your debit card) and has added plan-based benefits.

 Account Maintenance

 Zero

 Debit Card

 Visa Platinum

Salary/Infinite: All users can opt to order a free VISA Platinum Debit Card. Zero annual card maintenance charges ✅

 

Plus: A new VISA Platinum Debit card will cost ₹499 w.e.f. 8 March 2024. Plus users can opt to order a free Debit Card before 8 March 2024. Zero annual card maintenance charges apply if transactions greater than ₹25K are made on the debit card in the previous 12 months. Otherwise, ₹199 will be charged.

 

Standard: A new VISA Platinum Debit card will cost ₹499 w.e.f. 8 March 2024, and the annual maintenance charges on the card will be ₹299. Standard users can order a Debit Card for ₹199 before 8 March 2024.

 

 Forex Fee

Salary/Infinite: We’ve waived off international transaction charges for all but crypto transactions 

 

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.

 

Standard: A 3.5% markup will be charged on international transactions w.e.f. 8 March 2024 instead of the existing 2.5% markup.

 

Crypto transactions will be charged a 3.5% markup for all account types w.e.f. 8 March 2024 instead of the existing 2.5% markup.

 

 NEFT ,RTGS ,UPI ,IMPS

Free

 ATM Transactions

Withdrawals from any Federal Bank ATM are free.

At other ATMs (Metro) = 3 free transactions every month. After that, it’s ₹21 per transaction.

At other ATMs (Non-metro) = 5 free transactions every month. After that, it’s ₹21 per transaction.

For any non-financial transactions at these ATMs (like a Balance Enquiry), it’s ₹11 per transaction