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Fi money account upgrade information

What will happen if i upgrade my fi money standard account to plus or infinity account, and then somehow don't maintain those accounts' mab? will i be downgraded automatically??
 
Yes, and additionally you might also be charged for services such as card fees of Rs 199 + GST (though that will likely happen at EOY)
but for standard account they are already charging 199+gst according to the new rules...is there any option to waive off or reverse those debit card charges in plus or infinity account?
 
There will be a grace period for you to deposit money to continue enjoying the plus or infinite benefits. But if you donot deposit even by that period, account will be automatically downgraded.

There is a risk of being charged 199+tax for debit card in case you have taken a physical one post downgrading
 
but for standard account they are already charging 199+gst according to the new rules...is there any option to waive off or reverse those debit card charges in plus or infinity account?
Is there a way to not get physical debit card to avoid these charges?
Second question: can we upgrade account to infinite by depositing 50k use 2% cashback feature and withdraw 50k. Repeat Every month
 
Is there a way to not get physical debit card to avoid these charges?
Second question: can we upgrade account to infinite by depositing 50k use 2% cashback feature and withdraw 50k. Repeat Every month
I use virtual debit card only
no charges for me, I m plus member

I m plus member
I tried this month by depositing 50k
Immediately account upgraded to infinity and I got 4x fi coins as well for debit transaction

For 2%, cashback is not instant and they add by 5th of next month

So adding and withdrawing in 1 or 2 days won't help

Anyone who has experience can tell me if I m correct or not

@Chaitanya-a
 
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I use virtual debit card only
no charges for me, I m plus member

I m plus member
I tried this month by depositing 50k
Immediately account upgraded to infinity and I got 4x fi coins as well for debit transaction

For 2%, cashback is not instant and they add by 5th of next month

So adding and withdrawing in 1 or 2 days won't help

Anyone who has experience can tell me if I m correct or not

@Chaitanya-a
Yup true. If you withdraw money then you won't be in Infinite category after certain period they'll downgrade the Account. So you won't get cashback as well next month.
 
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