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.
It’s 100% legal to buy or sell US stocks through Fi as it's compliant with all regulations and laws in both the US and India. Our broker partner, Alpaca Securities, is a leading technology-led brokerage firm in the United States.
Fi has only partnered with Alpaca after a thorough due diligence and audit of their practices. Additionally, SIPC (Securities Investor Protection Corporation) insures securities of up to $500000 (and cash of up to $250000) for troubled brokerage firms.