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.
Yes, you can. We have cash-redemption offers on our Offers page that you can avail. These offers are however not permanent, and can change from time to time.
You will need a certain number of Fi-Coins to avail these offers. In addition, each offer has a daily limit on the number of redemption attempts.
Cash redemption is subject to certain limits: Depending on the offer, there is a maximum amount of cash that you can redeem in the offer duration.
All of the above details are displayed along with the offer, on the Offers page.