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.
The money will automatically get added to the deposit from your Savings Account.
Hey Presto! you've started saving!
Need to know:
There are a few other ways to put money in your Smart Deposit -
Simply add your Smart deposit number as the recipient for these transfers.
Transferred amount will reach your Savings Account.
Then we'll automatically route this to the Smart Deposit.