Fi Federal Bank Debit Card

Fi Federal Bank Debit card, just like credit cards, extends certain features and benefits to its cardholders. These benefits can be best utilised on getting a physical card after full video KYC verification. The features are listed as follows:

• No minimum balance: You do not have to maintain any minimum balance in the Fi Federal savings account.

• No maintenance charges: Fi Money does not charge any annual account maintenance fee, so no additional hidden expenses will be levied on the Fi Federal savings account.

• Zero Forex Markup: Fi Federal Bank Debit card does not charge any additional fee or forex markup charges for any international transactions. Additionally, you can also check credit cards with international travel benefits, to get benefits on transactions while travelling abroad, along with other regular benefits of a credit card. Click here to check pre-approved offers on such cards.

• ATM Access: Fi Federal Debit Card is accepted globally wherever Visa cards are accepted. You get 5 free transactions per month on withdrawals from Federal Bank ATMs.

• Insurance Benefits: The money deposited in the Fi Federal savings account is insured up to Rs. 5 lakh according to the RBI’s insurance deposit scheme.

• Multiple Transaction Types: Fi Federal Bank card can be used for both domestic and international transactions. The physical Fi Federal debit card can be used for various transaction types, like at ATMs, POS, online, and even contactless.

• Fuel Surcharge: Fi Federal Bank Debit card account holders are required to pay a fuel surcharge of 2.5% or Rs. 10, whichever is higher, on POS transactions at the petrol pumps. On the other hand, credit cards offer up to 1.5% fuel surcharge waiver. So, you can also check out the best fuel credit cards in India for discounts on your fuel costs. Click here to apply now!
• Free Transactions: Fi does not charge you with any additional transaction fee on the digital payments made through NEFT ,RTGS, UPI, and IMPS. The SMS and email updates on the transactions are also sent for free.

• Discount & Offers Across Multiple Categories: With a Fi Federal debit card, you can get benefits across top brands with regular deals and discounts across various categories ranging from lifestyle & shopping to travel & dining.

Although Fi Federal Bank Debit cards are issued free of cost to the Fi Federal savings account holders, there are certain fees you need to keep in mind while using the Fi debit card, along with the additional 18% GST charges applied to those given below:

Note: Fi does not charge any forex fee, however standard Visa’s exchange rates still apply on international transactions.

Generally, there is a limit of Rs. 3 lakh on your daily shopping through Fi Federal debit card. Furthermore, the daily cash withdrawal limit through the Fi Federal Bank Debit card is set as Rs. 50,000. This makes the total limit of the card as Rs. 3,50,000. You can make a few changes to these limits according to your budget by adjusting the card limits through the Fi app.

How to Check the Limits on Fi Federal Debit Card

You can access your Fi Federal debit card limit on the Fi app itself. Refer to the below mentioned steps to check the same:

Step 1: In the Fi app, select the ‘Card’ symbol present on the top right corner on the home page.
Step 2: Go to card settings and tap on the ‘Card Limits’ option.
Step 3: Check the spending limit of your card. You can also modify this usage limit based on your preferences.

To access the full benefits and features extended by Fi Money, you need to get a physical Fi Federal Debit Card. The steps to apply for a card after opening a Fi Federal savings account are mentioned below:

Step 1: Upgrade your Fi account to a full-KYC account by making sure that your PAN and Aadhaar card details are present in the Central KYC Registry.
Step 2: Complete the upgrade through video call for verification on Fi app.
Step 3: Check your registered address on Fi where your physical Fi Federal debit card is going to be couriered.

You can activate this Fi Federal debit card by following the steps as follows:

Step 1: Find the QR code on the Fi Debit Card box.
Step 2: Open the Fi app and click on the QR code icon present on the home screen.
Step 3: Scan the QR code on the card box to activate the card.

You can change or reset your Fi Federal debit card PIN online through the Fi app. The PIN can be changed with or without UPI details. Detailed steps are as follows:

Using UPI PIN:

Step 1: Open Fi Money app and go to the card settings.
Step 2: Click on the ‘Reset ATM PIN’ option.
Step 3: Enter your UPI PIN. An OTP will be sent to the registered mobile number.
Step 4: Fill in the OTP and change the ATM PIN.

Without UPI PIN:

Step 1: Open the Fi app and open the card settings.
Step 2: Select the ‘Reset ATM PIN’ option.
Step 3: Click on the link for the Liveness test present near the bottom of the screen.
Step 4: Click on ‘Next’ when asked to record your quick video for identity verification.
Step 5: Start recording your video by aligning your face in the oval and read aloud the 4-digits that appear on the screen.
Step 6: Enter the OTP sent after the identity verification and follow instructions to set up a new PIN.

Suggested Read: Best Credit Cards in India | Why are Credit Cards Better than Debit Card | Difference between Debit Cards & Credit Cards

Q. Is Fi Federal card free of cost?
A. Yes, Fi Federal debit cards are issued free of cost for everyone who has a Fi-Federal Bank savings account. This card is available in both digital and physical forms.

Q. What are the benefits of Fi Federal Debit Card?
A. Fi Federal debit card offers zero forex markup and free online transactions, including digital money transfers. You can use the card for global online transactions and the physical card for ATM, POS, online, and contactless transaction types. It also provides several discounts and offers across top brands.

Q. How much can I withdraw from my Fi Federal Debit Card?
A. The spending limit of your Fi Federal card is mentioned on the Fi app. You can check your card limit by going on the home page and clicking on the card symbol on the top right corner. Then, under the card settings, click on ‘Card Limits’ to view your spending limit.

Q. What is the international ATM withdrawal limit for Fi Debit Cards?
A. For some countries, namely UAE, Thailand, Oman, Kazakhstan, Armenia, Kyrgyzstan and Philippines, you can only make the maximum ATM withdrawal of Rs. 10,000. Furthermore, you can only make 1 transaction per day in these countries.

Q. Can I change my Fi Federal Debit Card limit?
A. Yes, you can change your Fi Federal debit card limit according to your preference. To modify your spending limits, open the Fi app and go to the card settings. Here, tap on the ‘Card Limits’ option and modify the spending limit as per your need. For managing your spends abroad, change your limits under the ‘International card usage’ option.

Q. How to contact the customer care for issues related to Fi Federal Debit card?
A. You can raise disputes on the Fi app for any issues pertaining to your transactions. For further assistance, you can also contact the Fi Money customer care number 08047485490 which is available 24×7.