There are absolutely no charges for brokerage, withdrawals and commissions. However, note that a minimum GST of ₹45 is charged for each outward foreign remittance transaction and inward remittance transaction, which means that you will have GST applicable on each buy and sell trade that you place. You can read more about GST calculations here. The Government of India also charges TCS (Tax Collection at Source) of 5% on each remittance transaction if you have sent more than ₹7 lakh worth of international transfers in the financial year.

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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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.

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