Federal BankRuPayLast checked 11 Oct 2026fees only
The Federal RuPay ValueMax Credit Card costs Rs 499 a year. The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.
FederalRuPay ValueMaxCard design not shown
Annual fee
Rs 499+ GST
Fee waived at
—
Base return
—
Forex markup
3.5%
Interest
3.75%a month
Fees
Joining fee
Rs 499
Annual fee
Rs 499
Fee notes
Rs 499 joining and Rs 499 annual per the Key Fact Statement dated 7 Sep 2026. No waiver condition found. Add-on Rs 100 + GST (max 4).
Rewards
Reward currency
Federal Rewards points
Point valueunverified
1 point = Rs 0.25 on the Federal Rewards catalogue; cash redemption to card account = Rs 0.10 per point (from 15 Jul 2024)
Spends that earn nothing
General T&C: offline UPI transactions below Rs 2,000 at any merchant earn no points on the RuPay ValueMax fuel card. Earn rates sit in separate product terms that could not be located.
Travel and perks
Forex markup
3.5%
Charges and eligibility
Interest per monthunverified
3.75%
Late payment fee
Total amount due Rs 0-250: nil; 251-1,000: Rs 250; 1,001-5,000: Rs 500; 5,001-25,000: Rs 1,000; 25,001+: Rs 1,250
Cash advance fee
2.5% or Rs 500, whichever is higher
Fine-print notes
Named only in the 7 Sep 2026 Key Fact Statement and General T&C as a 'RuPay VALUEMAX fuel Credit Card'. It is not on the public credit card listing page and no product page was found, so earn rates, fuel benefit and how to apply are undocumented here.
Questions
What is the annual fee of the Federal RuPay ValueMax Credit Card?
Rs 499 a year, before GST.
What is the forex markup on the Federal RuPay ValueMax Credit Card?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Federal RuPay ValueMax Credit Card?
General T&C: offline UPI transactions below Rs 2,000 at any merchant earn no points on the RuPay ValueMax fuel card. Earn rates sit in separate product terms that could not be located.