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.
Salary Deposits: Inform your employer to use an alternate bank account for salary payments.
Loans/EMIs: You can use third-party apps like Paytm or Mobikwik for loan repayments during the freeze.
Fixed/Smart Deposits: Until your LEA is resolved, you will not be able to withdraw the deposits in the account.
Mutual Funds: Ensure that your bank account details are updated via MF Central (mfcentral.com) for managing mutual fund investments.
US Stock Investments: Until your LEA is resolved, you will not be able to withdraw the investments in the account.
Credit Card Bills: Manually pay your EMIs and bills using third-party platforms to avoid late fees.
Option 1: Pay via Credit Card Bill Payment Apps
You can make payments using apps such as CRED, CHEQ, PayTM, AmazonPay, and other similar credit card bill payment services.
Option 2: IMPS or NEFT Transfer
To make a direct bank transfer, use the following details:
Account Number:
91 + [Your 10-digit Mobile Number] + Last 4 digits of your Credit Card, OR
Your 16-digit Credit Card Number
IFSC Code: FDRL00CARDS
Beneficiary Name: Your Name
Account Type: Current Account
Important: Payments to this account must be made via IMPS or NEFT. Payments via GPAY or the Fi app are not supported.