Important Update on fee on your OneCard

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Dear Customer,

Greetings from Federal Bank.

We are reaching out to inform you about an upcoming change in our fee structure on Federal OneCard. Effective 15-Januray-2024, 1% fee will be levied on transactions done at merchants where the fund transfer is being made to a bank account or to a third-party wallet. This fee will be applicable if your total amount of transfer transactions in a given month exceeds Rs 10,000 or more.

An illustrative example is given below.

Transfer in a month Fee @ 1%
Scenario 1 First transaction of Rs. 4000 Rs 0
Second transaction Rs. 5000 done in the same calendar month Rs 0
Scenario 2 First transaction of Rs. 15,000 Rs 150
Second transaction of Rs. 20,000 done in the same calendar month Rs 200 (Total Rs 350)
Scenario 3 First transaction of Rs.8000 Rs 0
Second transaction of Rs.6000 done in the same calendar month Rs 140 (Rs 80 + Rs 60)

To get a comprehensive understanding of the charges and updated categorization of transfers, kindly review the updated Terms & Conditions.

Federal OneCard

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If repost delete I could not find post

Deal Subedar Deal Subedar
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What does this mean? Dose it affect transaction made on grocery shops, park+, Amazon or OnePlus store?

Deal Cadet Deal Cadet
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Education fee payment on cred or other platforms will be under scanner or not??

Usually it is shown as others category

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