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.
Once you add money to your Savings Account — that means at least ₹3000 within 7 days of joining Fi — you will receive an in-app Money-Plant.
You can choose to opt for ₹200 or more in a Smart Deposit or 3000+ Fi-Coins. That said, all rewards are subject to change over time. So, consider spending a minute to check out our super-simple T&Cs related to such offers.