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 present rate of interest on a Smart Deposits is:
Duration | Interest Rate |
---|---|
28 Days | 3.00 p.a |
30 Days | 3.50 p.a |
46 Days | 5.50 p.a |
181 Days | 6.50 p.a |
182 Days | 6.25 p.a |
271 Days | 6.50 p.a |
12 Months | 7.00 p.a |
For Senior Citizens, current interest rates on SDs are:
Duration | Interest Rate |
---|---|
28 Days | 3.50 p.a |
30 Days | 4.00 p.a |
46 Days | 6.00 p.a |
181 Days | 7.00 p.a |
182 Days | 6.75 p.a |
271 Days | 7.00 p.a |
12 Months | 7.50 p.a |
For quicker updates on this, feel free to ask our Search bar. You can also go to the Smart Deposit Page. It'll share the current interest rates on Smart Deposits.