Fi Cashback is 2.4% now as 50000 Fi coins=4000 Fi points
That's because "Convert to cash" option lists 25000 Fi points=ā¹5000, 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 ā¹100, it's actually ā¹80. Since 25000 Fi points give ā¹5K, 1 Fi point=ā¹0.20
If 400 Fi points were worth ā¹100 as they claim, 4000 Fi points would be worth ā¹1000 and 24000 would be worth ā¹6000 (1 Fi point=ā¹0.25) which is not the case.
To earn the extra 1000 Fi points, additional spends of ā¹8335 are required in the 7th month.
So 3% of 2,08,335 = ā¹5000.04 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