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About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
Frequently Asked Questions
Fixed Deposit
What is auto-renew in FD?
If you choose to auto-renew, Federal Bank via Fi will take the amount accrued (principal + interest) at the time of maturity and create a new FD, using it as principal for the same time as the previous one.
Here is an example: Suppose you open a Fixed Deposit worth ₹1 lakh. Duration: 1 year.
Then, your applicable interest rate becomes 5.1%, and you earn approximately ₹5,198 as interest.
If auto-renewed, it will reinvest ₹1,05,198 in a new Fixed Deposit for a 1-year duration.
If you need help, chat instantly with Fi's customer care team here.
Fi partners with the best to secure your money
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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