About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
Frequently Asked Questions
Smart Deposit
What is the difference between a Fixed Deposit & a Smart Deposit?
Smart Deposit (SD)
- Best for short-term goals
- Opening deposit: ₹300
- Save any amount between ₹1 to ₹2lakhs (per month)
- Add funds as often as you wish
- Min time period: 28 days
- Max time period: 1 year
- Capped at ₹24 lakhs per year
- Linkable to FIT Rules
Fixed Deposit (FD)
- Optimal for long-term savings
- Opening deposit: ₹1,000
- Go big! Save (almost) any amount
- One-time fund addition only
- Min time period: 7 days
- Max: 10 years
- Capped at ₹1,00,00,000
- Not linkable to FIT Rules
Quick fact: 87% of users on the Fi app utilise SDs to achieve their short-term goals.
related faq’s
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.
Scan QR to get the Fi app