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.
Min KYC accounts have certain regulatory restrictions:
If your account was created before 15th of July 2023
If your account was created on or after 15th of July 2023
Min KYC accounts only have a validity of one year, after which it expires & the account is closed.
There's good news though – this is an easy fix.
Such account-related restrictions disappear once users complete a Live Video KYC call with us.