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.
To start referring you need to qualify in 2 ways: First, you should have completed 10 days of opening a Savings Account through. Second, you need to have maintained an average balance of ₹1000 for at least 10 days.
You average balance is calculated at the end of the day across your savings account and smart or fixed deposits, over the last 10 days. We look at the 10 day average balance and if you don't qualify today, we will consider a 10-day balance again tomorrow, and so on. And then you're ready to refer