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.
The Forex-related fees/charges are as follows:
NOTE:
Here's an easy-to-use calculator to help you with the latest rates:
https://www.visa.co.in/support/consumer/travel-support/exchange-rate-calculator.html
For withdrawals from international ATMs, you can use your Fi-Federal Debit Card wherever VISA is accepted.
When you withdraw cash from an International ATM, we levy a fee of ₹200 + GST. For any non-financial transactions at these ATMs (like getting a Mini Statement), there’s a nominal ₹25 charge.