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.
Fi-Coins may take a little time to show up in your account, as they're linked to your spending and total monthly spend. 5x Fi-coins for your top 3 merchants and 2x Fi-coins on Fi collection merchants will be credited 10 days after your bill is generated, and for all other transactions, your Fi-Coins will be credited after the transaction is confirmed. The Fi-Coins you have earned but have not received, will be shown as ‘Arriving’ in your Fi app.