The wallet upload and bank transfer fee on the Federal Bank OneCard went from 1% to 2% on 30 May 2026. It only applies once your transfers pass ₹10,000 in a month, but then it is charged on the full amount. Here is what that costs, which banks charge it, and the cheaper ways to move money.
Until today this page said the 2% applied only to the part above ₹10,000. Every OneCard MITC says the opposite: “The fee is charged on the full amount.” The examples below understated the cost by about half and have been rewritten. See our corrections log.
The ₹10,000 trigger did not change. Once you pass it, the rate applies to the full month's transfers.
The fee applies to wallet uploads and transfers to bank accounts made using the card. The MITC puts it this way: the fee “applies on total monthly fund transfers… to wallets or bank accounts, once transfers exceed Rs 10,000 in a month. The fee is charged on the full amount.” Until 29 May the rate was 1%; since 30 May it is 2%. GST at 18% is added on top.
It is a monthly total across all wallet and bank transfers on the card, not a per-transaction limit, and it works like a cliff rather than an allowance. ₹9,500 in a month costs nothing. ₹10,500 costs 2% of ₹10,500, about ₹248 with GST. The fee table says “₹10,000 or more” while the text says “exceed Rs 10,000”, so treat exactly ₹10,000 as chargeable. The MITC does not say on which date in the month the fee is posted.
The rate change is straightforward in percentage terms. In rupees, the gap grows significantly at higher transfer volumes.
Every OneCard partner bank that publishes a current MITC now charges the same 2% on the full amount once monthly transfers pass ₹10,000. We read each bank's document on 27 October 2026.
| Issuing bank | Fee now | Since |
|---|---|---|
| Federal Bank | 2% | 30 May 2026 (1% before) |
| CSB Bank | 2% | 1 December 2025 (1% before) |
| SBM Bank | 2% | Current MITC, w.e.f 29 June 2026 |
| BOBCARD | 2% | Current MITC, w.e.f 11 September 2026 |
| Indian Bank | 2% | Current MITC, w.e.f 27 August 2026 |
Your card's issuing bank is printed on the card and shown in the app. IDFC FIRST Bank's published MITC dates from 2023 and its fee table cannot be read, so we leave it out. Every other fee for each bank is in our card fees comparison.
Wallet loads and transfers earn no reward pointson OneCard, so there is nothing to set against the fee. Every rupee of it is a cost. The only cheap way to use the card for transfers is to keep the month's total under ₹10,000.
Switching cards does not avoid it everywhere. Scapia charges 1% plus GST on every wallet load and rent payment, with no free allowance: see Scapia's fees.
Pay merchants directly using the card wherever accepted. Direct card transactions earn rewards without the transfer fee. Reserve wallet top-ups for situations where the merchant does not accept cards, and keep monthly top-up volume below ₹10,000 if you do need to use this route.
This fee change fits a pattern visible across the Indian credit card market in 2026: banks and card issuers progressively tightening the economics of pass-through transactions that generate low or zero interchange. Wallet top-ups and bank transfers sit squarely in that category. See our broader analysis in why Indian credit cards keep getting worse.
Card Fine Print is an independent, unofficial site not affiliated with FPL Technologies Pvt. Ltd. This article is based on the Federal Bank One Co-Branded Credit Card MITC update effective 30 May 2026, available at getonecard.app. Fee structures may vary by partner bank and are subject to change. Always verify the current terms in your card's MITC document in the OneCard app before making financial decisions. This is not financial advice.
Was this article helpful?
Found this useful? Share it.
Still have questions?
Tap a question for an answer straight from the issuers' documents, or ask your own.