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.
You earn Fi-Coins for your credit card spends! You also get up to 5X the rewards on your top 3 merchants each month. You can then use these Fi-Coins for a cashback, or to erase a part of your bill, or even to redeem them for cool merchandise. Plus, enjoy amazing perks like vouchers for spending over certain amounts, access to lounges, low forex markup at just 1%, and fully personalised reminders for better money management.