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About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
Frequently Asked Questions
Taxation
How is tax calculated on US stocks inward remittances, i.e. sells and dividends?
There is a minimum GST of ₹45 applicable for any inward remittance. You can see the details of the tax charges on the order details page.
In India, there is a GST applicable on forex conversion. Whenever you receive money from Alpaca Securities Inc., our American broker, in US Dollar, this amount is converted into Indian Rupees and credited to your Federal Bank Savings Account on Fi.
Even if you’re receiving an inward remittance of ₹45 or less (which might happen in case of dividends), the tax will be applicable and deducted from your account. You can read more about the GST slab rates here.
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.
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