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.
Currently, the Fi Salary Program offers these add-on benefits:
1️⃣ Monthly Rewards
Salary Basic: Earn 1% back monthly (Fi-Coins worth up to ₹100) on UPI merchant spends via the Fi App and domestic Debit Card transactions.
Salary: Earn 2% back monthly (Fi-Coins worth up to ₹1000) on the same transactions.
Rewards are credited in the first week of the next month.
2️⃣ Free Cheque Book
Both Salary and Salary Basic users get a free cheque book with 10 cheque leaves.
3️⃣ Free Debit Card (With Conditions)
The first Debit Card is free for both Salary and Salary Basic users.
Salary Basic users: Must pay a ₹299 + 18% GST charge while ordering the Debit Card.
This charge will be refunded to their Federal Bank Savings Account on Fi only if their salary has been credited in Fi and their plan is activated.
4️⃣ Zero Forex Charges
Salary users: Unlimited transactions with 0 Forex charges.
Salary Basic users: ₹30,000/month at 0 Forex charges. Beyond this, a 3.5% markup applies to international spends.
5️⃣ Health Insurance Benefits (At Epifi’s discretion based on employer)
Base health insurance: Coverage up to ₹2 lakh.
Top-up health insurance: Additional coverage up to ₹20 lakh.
6️⃣ Priority Customer Support
Get faster responses and priority assistance for queries and concerns.