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.
If your address or DOB has changed and the federal bank doesn't have the updated KYC documents, they need to submit the new documents to keep their account up to date.in the given link user has to login in fed point portal and can update the KYC Federal Bank KYC Update.To access the portal, users must log in with their account number, receive an OTP on their registered mobile, and enter it. After logging in, they can select KYC UPLOAD to update their KYC information.
Steps
Here's a simplified version of the steps for updating KYC on the Federal Bank portal:https://accountopen.federalbank.co.in/CustomerPortal/index%EF%BB%BF
Login: Visit the Federal Bank KYC Update link.
Enter Account Number: Click Next and enter your account number.
OTP Verification: Enter the OTP sent to your registered mobile number.
Authenticate Debit Card: Click Authenticate Card, enter your Debit Card PIN and expiry date, then click Submit.
Upload KYC: Click Upload KYC and enter the OTP sent to your registered mobile number.
Confirm Document Changes: If no changes to your KYC documents, declare and give consent; if there are changes, click Upload to upload new documents.
Enter Details: Enter your city, country, and select the valid ID type (Aadhaar, PAN, or Driving License).
Submit: Click Continue and then Submit.
KYC Update: KYC update will be completed in 3 days, and your account will become KYC compliant.