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 U16 error code indicates that you have exceeded either the NPCI (National Payments Corporation of India) limit or your bank's limit for transactions. Notably, no money will be debited from your account when this error occurs. Below are some common reasons for encountering the U16 error:
If you meet any of the conditions mentioned above, we suggest waiting for 24 hours before trying the transaction again.