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.
Yes, you can open a Federal Bank Savings Account on Fi if you have an existing account with Federal Bank. Here's what you need to do:
For Federal Bank Partial KYC Account Holders:Complete your video KYC procedure with Federal Bank. Once that's done, sign up for the Federal Bank Savings Account on Fi using the exact ID details listed in your current Federal account.
For Federal Bank Full KYC Account Holders:You can use the same PAN card, Aadhaar number, mobile number, and Date of Birth as linked to your existing Federal account.
If you still need help opening your Federal Bank Savings Account on Fi, you can contact our customer support at help@fi.care.