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.
During the call:
Our vKYC RM's will verify & confirm your ID documents.
You may have to answer a few basic questions about yourself, such as 'What's your date of birth?', etc.
Sometimes, they suggest reading out numbers that appear on the bottom of the screen.
Then, the vKYC RM's will request to see your physical PAN card.
On successful verification, you'll have access to a full Savings Account in 24-48 hours.
What to do before the call:
Please position yourself in a well-lit place.
Make sure your physical PAN card is with you.
For security reasons, digital PAN card images are not accepted."