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.
Your Savings Account does not come with a passbook.
However, we can send you a free and comprehensive snapshot of the cash in your account — whenever you want one.
We do this with Smart Statements; it's our take on regular bank statements.
To view your bank statement:
Your statement will arrive within your registered email ID's inbox as a secure PDF.
The email will have instructions on how you can safely open the statement.