Fi accounts getting revamped

[Half Human]

In Fi app's abominable UI insult/joke, click the F button/icon on the top right (the middle one) between the card button/icon and the bell icon. Then tap Earn more rewards. It will take you to a page that lists all the offers where one of them will be "Earn cashback on UPI via Fi and Fi-Federal Debit", where it says up to ₹30 per spend. Tap it for detailed Terms and Conditions. Note that the Fi jerks randomly can change it any time or reduce it as they have done several times in 2024. First there was no cap, then ₹50, now ₹30. No 30-day notice either for bank accounts unlike credit cards where RBI has mandated 30-day advance notice. So you can go to sleep one day and find Fi's T&C/offers silently/secretly changed next day.

Take a chill pill bro.. I just wanted to know, whether for fi prime also, is there the Max limit of cb as 30? As I do not have fi prime.. just fi infinite...

So is there that max limit of 30 for fi prime?

 

[SnowLucifer]

Take a chill pill bro.. I just wanted to know, whether for fi prime also, is there the Max limit of cb as 30? As I do not have fi prime.. just fi infinite...

So is there that max limit of 30 for fi prime?

yes max cashback cap is 30 rs.
But rate is 3% so you only have to transact of 1000 rs

 

[Gau₹av]

Take a chill pill bro.. I just wanted to know, whether for fi prime also, is there the Max limit of cb as 30? As I do not have fi prime.. just fi infinite...

So is there that max limit of 30 for fi prime?

I am already as chilled as they come bro 🥶 Don't get so upset just because I criticized Fi's hard-to-figure-out-and-navigate-or-explore UI. 😄Or the numerous ways in which they've cheated users by changing offers after we have fulfilled them and saying "You are not eligible for rewards".

Yes max. cap is the same for Prime

 

[Half Human]

I am already as chilled as they come bro 🥶 Don't get so upset just because I criticized Fi's hard-to-figure-out-and-navigate-or-explore UI. 😄😆

Yes max. cap is the same for Prime

I don't give a shit abt Fi bro. Its just, why rage up and lose your sanity... That's why said so... Anyway fi is getting more and more tricky

 

[Gau₹av]

I don't give a shit abt Fi bro. Its just, why rage up and lose your sanity... That's why said so... Anyway fi is getting more and more tricky

Again it's all your assumption bro that raging up means losing your sanity. If a bank or company pwns the customers by changing Terms and Conditions IN THE MIDST OF AN ONGOING OFFER, he has every right to get enraged and rant about it in a forum. That's what the community is for. 😄

 

[Gau₹av]

Btw Fi is known to block accounts of many randomly. Is anyone concerned that doing 33 transactions of the same amount in a month can lead to account blocking due to "suspicious txns"? I think I will take a wait-and-watch approach. If people's accounts don't get blocked for 33 txns in a month of same amount, same merchant, then it may be worth taking Prime.

 

[Meerfaizan77]

From 1st of march fi is making some changes in accounts and adding a new account variant. Fi coins are getting discontinued sadly but now we can earn 1000 rs per month. What do you think about the changes?View attachment 82914

How we getting 1000 per month

 

[SnowLucifer]

How we getting 1000 per month

in infinity variant max cashback is 500 rs. And in prime it is 1000 rs

 

[yusuf646]

Btw Fi is known to block accounts of many randomly. Is anyone concerned that doing 33 transactions of the same amount in a month can lead to account blocking due to "suspicious txns"? I think I will take a wait-and-watch approach. If people's accounts don't get blocked for 33 txns in a month of same amount, same merchant, then it may be worth taking Prime.

Why make the same amount transaction 33 times? Just do random transactions like 1045, 1104, 1019, etc.

The safest approach is to do a single transaction every day, which will take you to around ₹900. Then, on any one day of the month, make multiple transactions to reach ₹1000.

An even safer approach is to use multiple merchants—don’t always scan money using your own merchant QR code. You can also load money to Slice Wallet or PayZapp via a Fi Debit Card, which is eligible. If you have a Kotak 811 account, you can click on "Add Money" in the Kotak811 app and pay via the Fi app, which is also eligible.

Always play it safe. We can't take risks when the average monthly balance is above 1 lakh.

 

[Navneetk24]

Is Fi account still limited to employees? Or can others open the standard variant. What are the docs required to open?

 

[SnowLucifer]

Cashback credited check your account 😁 😁 😁 😁

 

[vijay.vj]

I upgraded my account from infinte to prime in last week of Feb. By then, I had already reached the cap of 500 cb for infinate. But then gained about 600 cb on prime as the tracker hit 0 after upgrade.

Now on march 5th, I received CB of only 500 (I suppose infinate CB) but nothing from prime.

 

[Gau₹av]

Fi Cashback is 2.4% now as 50000 Fi coins=4000 Fi points

That's because "Convert to cash" option lists 25000 Fi points=₹5000, NOT 24000 Fi points. 4000 Fi points can be earned max each month due to capping, in 6 months 24000 Fi points)

Daily max is 400 Fi points, which they FALSELY claim in new updated T&C is worth ₹100, it's actually ₹80. Since 25000 Fi points give ₹5K, 1 Fi point=₹0.20

If 400 Fi points were worth ₹100 as they claim, 4000 Fi points would be worth ₹1000 and 24000 would be worth ₹6000 (1 Fi point=₹0.25) which is not the case.

To earn the extra 1000 Fi points, additional spends of ₹8335 are required in the 7th month.

So 3% of 2,08,335 = ₹5000.04 which is what we are getting

I suggest everyone complain straightaway to RBI ombudsman after 30 days of initial complaint with Fi, after taking screenshots of FALSE calculations and FRAUD

This company is going down

 

[Strange]

Fi Cashback is 2.4% now as 50000 Fi coins=4000 Fi points

That's because "Convert to cash" option lists 25000 Fi points=₹5000, NOT 24000 Fi points. 4000 Fi points can be earned max each month due to capping, in 6 months 24000 Fi points)

Daily max is 400 Fi points, which they FALSELY claim in new updated T&C is worth ₹100, it's actually ₹80. Since 25000 Fi points give ₹5K, 1 Fi point=₹0.20

If 400 Fi points were worth ₹100 as they claim, 4000 Fi points would be worth ₹1000 and 24000 would be worth ₹6000 (1 Fi point=₹0.25) which is not the case.

To earn the extra 1000 Fi points, additional spends of ₹8335 are required in the 7th month.

So 3% of 2,08,335 = ₹5000.04 which is what we are getting

I suggest everyone complain straightaway to RBI ombudsman after 30 days of initial complaint with Fi, after taking screenshots of FALSE calculations and FRAUD

This company is going down

Clown Fintech FI is not regulated by RBI So you can't complaint against them in RBI BO.

Btw Which FI account do you have?

 

[Gau₹av]

Clown Fintech FI is not regulated by RBI So you can't complaint against them in RBI BO.

Btw Which FI account do you have?

I've Fi Prime. Many people have already complained against Fi with RBI and gotten compensation for various things - search on TF or Twitter. Saw some posts. So they definitely are regulated by RBI although all of the bank rules don't apply to them, Neobanks/fintech startups must have slightly different rules. Misadvertising cashback definitely isn't one of them