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.
Follow the steps below to connect your other bank accounts with Fi:
1. Tap your display picture on the top-left corner to go to the 'My Profile' section
2. Tap on 'View all' under the 'My accounts' section
3. Tap on 'Connect another bank account' to initiate the process
From here, we first register you with OneMoney, a licensed Account Aggregator, to identify your alternate bank accounts. You will receive an OTP from OneMoney to verify and approve the request to share your data.