Our partner bank hosts your Savings Account and follows all security standards per applicable regulations.
Your money is always safe with our banking partner - Federal Bank, is covered under the Deposit Insurance and Credit Guarantee Corporation Scheme. This insures your money up to ₹5 lakh.
Fi itself is not a bank and doesn’t hold or claim to have a banking license.
Fi is a money management platform that re-imagines the banking experience in India. The Federal Bank Account offered through our App, is a digital bank account that gives you the fastest way to open a bank account online.
You can do everything from the Fi App, including p2p payments, fund transfers, bill payments, and more, with features to automate every action. You also get a Debit Card, spends insights and tools to grow your investment and earn rewards.
No, Fi Money is not a bank. Fi Money is a financial app that has partnered with Federal Bank. Through this banking partnership, we provide a Savings Account & VISA debit card. We also offer mutual fund investment options, connected accounts services through epiFi Wealth Private Limited and other financial services such as Personal Loans and US Stocks in partnership with other regulated entities.
Here's what we do:
Everything regular banks provide, we improve on. Politely junking their legacy-era infrastructure along the way. In fact, we elevate banking to a whole new level!
Emboldened by cutting-edge tech that taps into data science research, our interactive user interface design lets you experience banking like never before. No physical branches. No tiresome paperwork.