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.
When you spend at least ₹15,000 per billing cycle on your card you'll be racking up 5X rewards on your top 3 merchants of the month, which means 5 Fi-Coins for every ₹5 spent!
Remember that the top 3 merchants belong to a list of curated brands or the 'Fi collection'. This list of 20+ curated merchants can change over time, so stay updated by checking the details on your Fi app.
Note: Your top 3 merchants will be determined based on your spending in the billing cycle, and you'll get your Fi-Coins 10 days after your bill is generated.