Frequently Asked Questions

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Referral Eligibility
How is my average balance calculated?

To start referring you need to qualify in 2 ways: First, you should have completed 10 days of opening a Federal Bank Savings Account on Fi. 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 

Fi partners with the best to secure your money

Federal Bank
PCI
ISO 27001:2013
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.
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