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.
You can quickly re-access Fi on your new phone with the below steps:
Need To Know: After we’ve completed your device update, you won’t be able to use your Savings Account from your old device. TL;DR: No backsies!
Before you update your details: Make sure that your ATM Card is activated & you've set a Card PIN. Also, ensure that you haven't frozen/suspended your card.