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.
It's a judgement-free feature that helps you understand your online expenditures. Specifically, your spends on major E-commerce businesses.
Like it can tell you about the number of times you've shopped on Amazon.
Or even how much you've spent ordering-in food, since the lockdown started.
All this is done while adhering to our stringent Privacy Policy– which remains aligned with Google's API Services User Data norms.