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.
Our partner bank (Federal Bank) steps in for us here. They use factors like your credit score to determine if you're eligible for a credit card. There’s a limited number of credit cards right now, and we’re working towards making more available. If you have been invited for a credit card - you should be able to see it on the app. If not, you can express your interest by joining the waitlist and completing a quick virtual Know-Your-Customer verification process to be considered faster.