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.
Card limits provide that extra bit of control over your impulse purchases.
There are tons of ways to use this feature, for example: if you feel like you splurge during weekends, you can restrict your total daily spending, to any amount you wish.
All you have to do is:
Pro Tip: If you travel abroad often – and tend to lose track of daily spends – there's a card limit option to assist you.