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.
There are lots of places to use your Fi-Coins!
You can spend your Fi-coins and get vouchers or cool stuff like gift hampers. The rewards on your Fi app are refreshed frequently, so there is always something new! Additionally, you can also redeem your Fi-Coins for cash. Cash redemption offers are not permanent and can change from time to time.
You can find all of the above options on the Offers Page. Scroll down on the Home screen of the app and click on 'Spend your Fi-Coins' to view the available offers.
There are redeemable offers displayed along with terms and conditions.