How to Open a Savings Account on Fi Money

In today's digital age, opening a savings account has never been easier. Fi Money, in partnership with Federal Bank, offers a seamless process to open a savings account online in just minutes. Here's a step-by-step guide on how to open a savings account on Fi Money.

Step 1: Download the Fi Money App

First, download the Fi Money app from your device's app store. The app is available on both Google Play Store for Android users and Apple's App Store for iOS users

Step 2: Register and Verify

Once you've installed the app, open it and begin the registration process. You'll need to provide some basic information, such as your name, email address, and phone number. Fi Money will then verify your details

Step 3: Complete KYC

Fi Money requires you to complete a Know Your Customer (KYC) process. This is a mandatory step for all banking services in India. You'll need to provide the following documents:

• Identity Proof (Aadhaar Card, Passport, Voter ID, or Driving License)

• Address Proof (can be the same as identity proof, or utility bills or rental agreement)

• PAN Card

• Recent passport-sized photograph

Step 4: Employment Verification

As Fi Money is tailored for working professionals, you'll undergo a quick screening process to verify your employment status. This typically takes only a few minutes

Step 5: Set Up Your Account

Once your employment status and KYC are verified, your Federal Bank Savings Account linked to Fi will be ready to use. You can then set up your account preferences, explore the app's features, and start managing your finances

Benefits of Opening a Savings Account with Fi Money

1. Quick Process: Open your account in under 3 minutes

2. Zero Balance Account: No minimum balance requirement.

3. Digital-First Approach: Manage your account entirely through the app.

4. Additional Features: Access to features like expense tracking, investment options, and personal loans.

5. VISA Platinum Debit Card: Get a debit card with zero FOREX charges on select plans.

6. Insured Deposits: Your money is insured up to ₹5 lakh.
   

   
   

Open Saving Account

Conclusion

Opening a savings account on Fi Money is a straightforward process that can be completed in just a few minutes. With its user-friendly interface, zero balance requirement, and array of additional features, Fi Money offers a modern approach to banking that caters to the needs of today's working professionals. By following these simple steps, you can quickly set up your account and start benefiting from Fi Money's innovative financial management tools.