When it comes to digital banking, Fi Money has quickly become a favorite among tech-savvy users in India. With its sleek app, rewards-based savings, and no hidden fees promise, many users are turning to Fi for a smarter banking experience. But if you’ve recently received your Fi debit card, you might be wondering-are there any charges?
Let’s break it down in plain English: what fees apply, what’s free, and how to avoid unnecessary charges on your Fi debit card.
What is the Fi Debit Card?
The Fi Debit Card is a Visa Platinum card issued in partnership with Federal Bank. It’s linked directly to your Fi savings account and comes with features like:
- Zero minimum balance requirement
- Instant control via the app (block/unblock, set limits)
- No annual fees (for most users)
- International usage enabled (with settings in-app)
It’s designed to work seamlessly with Fi’s mission to help you save better, spend smarter, and earn rewards.
Are There Any Charges on the Fi Debit Card?
Fi is very transparent about its fee structure. For most everyday use cases, you won’t be charged anything extra. But, like any financial product, some charges may apply in specific scenarios.
Here’s a detailed look at the Fi debit card charges as of 2025:
1. Card Issuance Fee
- Virtual Card: Free
- Physical Debit Card: First card is free
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Replacement card: ₹250 + GST (if lost or damaged)
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Fi issues the first physical card at no cost. You can request it through the app, and it typically arrives within 5–7 working days.
2. ATM Withdrawal Charges
- Fi/Federal Bank ATMs: Free
- Other Bank ATMs:
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First 5 withdrawals per month: Free
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After that: ₹20 per transaction (for cash withdrawal)
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Balance enquiry: ₹8.50 after free limit
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Fi follows RBI norms for free usage limits, and you can track your usage inside the app.
3. International Transactions
- ATM Withdrawal Abroad: ₹100 + 3.5% forex markup
- POS/Online International Payment: 3.5% forex markup on the total amount
While the international usage is enabled, be aware of the foreign exchange markup fee-a standard charge across most debit cards.
4. Card Replacement Fee
If your card is lost, damaged, or stolen:
- Replacement Fee: ₹250 + GST
- Re-issue Timeline: Usually dispatched within 7 working days
You can easily request a new card through the app and even block the existing one instantly.
5. Other Hidden Charges?
- Annual Fee: None
- Account Maintenance Fee: None
- SMS/Alert Charges: Free (for app users)
- UPI Payments & Transfers: Free
- NEFT/IMPS/RTGS: Free
Fi’s philosophy is “no hidden charges,” and it holds up well for most basic and even advanced banking features.
How to Avoid Charges and Maximize Benefits
Here are some smart tips to make the most of your Fi debit card:
- Stick to Federal Bank/Fi ATMs to avoid extra ATM withdrawal charges.
- Track your free ATM limit inside the app each month.
- Avoid international withdrawals unless necessary due to forex fees.
- Use UPI or online payments for regular transactions-they’re completely free.
- In case of card loss, lock it immediately in the app to avoid fraudulent use.
What Makes Fi Stand Out?
Unlike traditional banks that bury charges in fine print, Fi displays all fees upfront in its app. Users are notified before being charged and given the choice to proceed or not. This transparency and user-first approach make it one of the most trusted neo-banking apps in India today.
Plus, the debit card comes with extra perks:
- Platinum Visa benefits
- Reward points (Fi Coins)
- Zero fuel surcharge on selected pumps
- In-app expense tracking and smart insights
Final Thoughts
If you’re looking for a low-cost, high-feature debit card, Fi is a solid option. The charges are minimal, clearly listed, and easy to avoid with smart usage. Whether you’re a student, working professional, or freelancer, the Fi debit card keeps your money management clean, modern, and worry-free.
Before signing up for any financial service, it’s always good to know the potential charges. With Fi, the good news is—you’re mostly looking at zero.