0 hidden charges. 0 forex
debit-card

Here’s an App for Your Digital Banking Needs

FACT CHECKED
Reviewed by
.
Created on
February 1, 2024

Summary

What’s Inside

Fi Money is a digital financial service provider that partners with regulated entities such as Federal Bank to give users a credible, secure, transparent, and 100% digital banking experience. You can open a Zero-balance Federal Bank Savings Account on the Fi App in under 5 minutes.

This is a great option for those seeking a secure digital savings account and wanting to make the most of personal finance clubbed with new-age tech advancements.

How do you reach Fi, and what to expect?

You can easily access the Fi App (available on Play Store and App Store), to open a Federal Bank Savings account, which is a regulated entity. Fi provides a platform for users to open and use their Federal Bank Savings Account digitally, with new-age tech on insights, and experience. 

Your money is safe with the banking partner Federal Bank. Fi is not a bank, and it partners with regulated entities to provide services across banking, payments, investments, credit cards, and loans - which makes it a safe and secure alternative for Indian users. This way, digital millennials get the best of both worlds - the best of tech from Fi, and safety and security from regulated traditional banks.

What can you do on the Fi App?

Open a Zero-Balance Savings Account in under 5 minutes. 100% Digital, No paperwork

Fi is open to working professionals above the age of 21. You need a PAN card and an Aadhaar card to open a Federal Bank Savings Account on the Fi App. You can sign up for different plans to maximize your benefits, from free debit cards to 0 forex markup charges, and even rewards. There is no penalty for not maintaining balance. Hence, it is perfect for managing monthly spending.

Get 2% cash back on all your UPI spends

Use the Fi App for all your UPI payments and pick a plan to get rewards. Users on the Infinite plan get 2% cashback every month, so they can earn up to INR 6000 in a year on just rewards. Users can also connect other bank accounts to the Fi App to use for UPI payments.

Get 0 Forex International Debit Card

Get the international debit card which gives you a 0-forex-markup on international spending. You don’t need to take a different travel card or pay 2.5-3% in forex markup when you travel because of this Fi-Federal VISA Debit Card is accepted in 150,000+ countries.

The Best of Tech: Smooth UI, AI-Powered Spend Insights

Say goodbye to the clutter of regular banking apps with the smooth UI of the Fi App, which has been created for the Indian Digital Millennial. Get AI-powered insights into your spending, and investments track your Networth and set reminders to save and keep within your budget.

Grow your wealth with Investment Products on the Fi App

Start a Stable FD and earn up to 7.5% p.a. Or invest in Mutual Funds with 0-penalty SIPs. Fi has recently launched US Stocks so you can buy fractional shares of top global companies starting as low as INR 1000, with best-in-class forex rates and the lowest fees. You can also invest in Jump P2P Investing and earn up to 10% p.a. on the booster plan. Fi partners with regulated entities to bring these products to you. Please read the offer documents carefully before investing.

Credit Cards

Get the AmpliFi Fi-Federal Credit Card - The most rewarding credit card in the segment, with a 3% return on spending on top 20+ brands, 0-forex & lounge access, a whopping 4k welcome vouchers and other milestone benefits. In addition, get the most of offers on brands every month. 

Check your eligibility NOW!

If you do not have enough credit history, apply for the SimpliFi Fi-Federal Credit Card which is lifetime free and has rewards every weekend. All you have to do is open an FD to get this card.

Instant Personal Loans

Get an instant loan of up to 5 lakh in 5 minutes on the Fi App starting at 1% monthly interest. Fi partners with multiple lenders to bring you the best rates of interest and lowest platform fees, with 0 pre-closure fees.

Hear from the 3Mn+ users of Fi

"The best part about Fi is that I get a zero-balance Savings Account, which relieves me from the stress of maintaining a minimum balance. It gives me complete control over my account and expenses." - Pavan, Bengaluru
"The cashback offers are really great. Being on the Infinite Plan, I consistently get 2% cashback on my UPI spends. For the last four months, I've been earning ₹500 every month, adding up to ₹2,000 in total." - Divya, Bengaluru
"I use Fi for my investments. I started with Mutual Funds, and it's so easy to track growth and other insights. I have set up daily, weekly, and monthly SIPs. I also took a loan a while back — it was super quick, and the interest rate was easy on the pocket." - Arnab, Bengaluru

About Fi

Fi was founded in 2019 by ex-Google Sujith Narayanan and Sumit Gwalani who built Google Pay in India. The founding team has veterans from Google, Netflix, PayPal, Flipkart and more who came together to change how Indian Millennials manage their money. Backed by major league investors Sequoia India and Ribbit Capital, Fi Money is based in Bangalore, and operates in over 16,000 pin codes in India.

Disclaimer

Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
Share this article
Copied Link!
Blog
>
Banking
>
Here’s an App for Your Digital Banking Needs

Sources

View similar articles in
Banking
Get the Fi app