1 Fi-Point is worth ₹0.25 in India.
₹0.25₹250 per 1,000 points, our house mark
₹0.25 · first marked 22 Aug 2026, never re-marked since
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 (₹0.25, the floor). It is the number every route on this page is priced with.
We hold one dated point for Fi-Points — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 1 do
One card earns Fi-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 →
MagniFi (Federal Bank)0.5%Federal Bankalso known as: Fi Points
Priced by the programme itself, not inferred: the AmpliFi page prints "4 Fi-Points = ₹1", and MagniFi's two rungs fall out at exactly the same rate — 200 Fi-Points converting to ₹50 and 20 to ₹5. Value, floor and ceiling are one number because the rate is NOMINAL: Fi states it, so it cannot drift with an award chart, and only Fi can move it. Filed `retail` rather than `scrip` because it is not a closed loop — Fi's own copy is "redeem them for Cash / Airmiles / Gift cards" and "convert rewards to loyalty program points & airmiles". That airline exit is why `inr-cashback` would have been the wrong home: it would have erased the route. NO transfer row is written for it here, and that is deliberate — Fi names no partner programme and no ratio anywhere this desk could reach, so the exit is real but unpriced, and a graph edge on an unnamed partner would be an invented route. Add one the day Fi publishes a named ratio.
Fi-Points has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →
No corridor on our board prices a seat in Fi-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 →
Straight answers
The questions people actually type about Fi-Points — answered from the same data as everything above, with the same numbers.
What is 1 Fi-Point worth in INR?
Our desk marks Fi-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 ₹0.25 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 22 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn Fi-Points?
1 Indian card earns Fi-Points outright. Best-ranked earner: MagniFi (Federal Bank), at 0.5% 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 Fi-Points last devalue?
We hold no dated events for Fi-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 Fi Money (cards issued by Federal Bank, and by AU from 2026)'s own documents on · our house ₹/point, ₹0.25 today
Not published , and we will not invent it: when the points expire · how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official Fi's own FAQ answers what a Fi-Point is worth: each one is ₹0.25, so four make a rupee. A rate the programme states outright, which is why value, floor and ceiling here are one number.
- official Fi's MagniFi card page — its two redemption rungs, 200 Fi-Points for ₹50 and 20 for ₹5, land on exactly the same quarter-rupee, corroborating the rate from a second Fi surface.