India
activeNeobank
- HQ
- Bengaluru
- Fee
- Free core
Fi
Fi was an Indian money app on a Federal Bank savings account. The app is no longer the channel. The deposit was always Federal Bank.
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6.9Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. Fi is not a bank. Your money sits with Federal Bank.
If it fails?
DICGC follows Federal Bank, not Fi. If you still have the account, open FedMobile.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Free core · Fit Rules / US stocks extras
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.9
/10 · Mixed
The Fi app is not where you bank. On 11 March 2026 Fi told customers the banking services on the app would stop. Federal Bank said the partnership was ending and the account stayed put. That is the whole file. Directories that still list Fi as a live Indian neobank are dating a wrapper. NeoBankDB keeps the slug so “Fi Money alternative” search does not hit a 404, and so the 2021–26 wrapper era has an obituary. Funds were never at “Fi Bank”. There is no such licence. Download Federal Bank’s FedMobile. The account number did not change. Compare live India files: Jupiter, Niyo, Scapia (card, not a deposit).
What it is
epiFi (Fi) is an Indian fintech wrapping a partner-bank account with automation and overseas investing. The deposit is at the scheduled bank. The stocks are not.
Best for: Historical file. Do not open the savings SKU here.
Last checked 2026-09-17. Not advice.
Closed 2026-03-11
Consumer banking SKU on the Fi app ended 11 March 2026. Federal Bank partnership ended. The savings account remains a Federal Bank account. Channel is FedMobile, not Fi.
What it does well
- +Fit Rules are still clever
- +US investing hook
- +Clean analytics
What to watch
- −Partner-bank model
- −US stocks ≠ bank deposits
- −Category has thinned
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- Savings · US stocks · UPI
- Partner bank
- Federal Bank — the wrapper shut. The account stayed.
- Minimum balance
- ₹0
- Lowest monthly fee
- ₹0
- Who can open
- Indian residents
- Availability
- India
How money actually moves
- Who holds the cash
- Current account at a partner bank
- How money moves
- UPI / INR
- Built for
- Personal · Investing
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Closed — no new customers
- Card
- Fi lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
DICGC follows Federal Bank, not Fi. If you still have the account, open FedMobile.
Who holds the money: Federal Bank
- RBI (partner bank)Partner-bank fintech · India
Fees
- Monthly
- Free core · Fit Rules / US stocks extras
- FX markup
- On US-investing FX conversion
- ATM
- Partner ATM rules
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- Federal Bank savings account
- US stocks (GIFT City / partner brokerage)
- Fit Rules automation
- Debit card
- Analytics
Before you tap Sign up
How to open
Step 1
Do not open Fi
The savings SKU on the app ended 11 March 2026.
Step 2
Use FedMobile
The Federal Bank account number did not change.
Score
- Safety25%
- 6.8
- Fees20%
- 7.8
- Features15%
- 8.0
- App15%
- 8.2
- Global15%
- 4.2
- Support10%
- 6.0
Change log
Full logStatus
Consumer banking SKU on the Fi app ended 11 March 2026.
Federal Bank told customers the partnership ended. The savings account remains a Federal Bank account. Channel is FedMobile, not Fi. This file moves to Graveyard for the neo wrapper. Historical mark held at 6.9 so the yearbook stays comparable.
Available in
Straight answers
FAQ
01Is Fi a bank?
No. It never was. Federal Bank held the deposit. The Fi wrapper for that account shut on 11 March 2026.
02Where is my money?
At Federal Bank. Open FedMobile. DICGC follows Federal Bank, not Fi.
03What happens to money in Fi if it fails?
DICGC follows Federal Bank, not Fi. If you still have the account, open FedMobile.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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