1 Federal Bank Reward point is worth ₹0.25 in India.
₹0.25₹250 per 1,000 points, our house mark
held at ₹0.25 · re-marked 10 Jul
How we got this ₹ figure
₹0.25 is our HOUSE value for a point — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.25, the ceiling) and not the worst you can always fall back on (₹0.10, the floor). It is the number every route on this page is priced with.
The mark has 2 dated points in data/valuation-history.yaml, each one pinned to a quantified event in the tracker — no interpolation. The last move was re-marked 10 Jul. How we value a point →
Which of my cards reach it? — 4 do
4 cards earn Federal Bank Reward Points outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
Federal Bank Imperio0.2%Federal BankFederal Bank Celesta0.3%Federal BankFederal Bank Signet0.1%Federal BankFederal RuPay Wave Credit Card0.1%Federal BankCelesta's currency — ₹0.25/point on the Federal Rewards portal (catalogue/vouchers), no airline or hotel transfer partners. A closed loop; you hold Celesta for the free international lounge visits and 2% forex, not the points. Floor is the thinner cashback/voucher rate.
Federal Bank Reward Points has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →
Expiry: 3 years from accrual
No corridor on our board prices a seat in Federal Bank Reward Points against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
What a point has been worth
Derived only from quantified, dated events in the tracker — no interpolation, no vibes.
- 10 Jul 2026 ₹0.25 current house value
- 1 Oct 2022 ₹0.25 program / anchor-card (Celesta) coverage start — no recorded movement while indexed
Straight answers
The questions people actually type about Federal Bank Reward Points — answered from the same data as everything above, with the same numbers.
What is 1 Federal Bank Reward point worth in INR?
Our desk marks Federal Bank Reward Points at ₹0.25 a point — so 1,000 points are worth ₹250 and 10,000 are worth ₹2,500. That is the number every route on this page is priced with. The ₹0.10 floor is the redemption you can always fall back on; the ₹0.25 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 26 Jul 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn Federal Bank Reward Points?
4 Indian cards earn Federal Bank Reward Points outright. Best-ranked earners: Federal Bank Imperio, Federal Bank Celesta and Federal Bank Signet, the best of them at 0.2% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did Federal Bank Reward Points last devalue?
We hold no dated events for Federal Bank Reward Points at all — no devaluation, no buff, nothing sourced — and we will not fill that gap with a guess. The nerf-risk grade reads stable, which on a program with no logged history means untested rather than safe.
Verified against Federal Bank's own documents on · our house ₹/point, ₹0.25 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.