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Enjoy Zero Charges on 28 Commonly Used Savings Account Services
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Compare your bank with IDFC FIRST on interest earnings
IDFC FIRST Bank pays you 7% interest on balances between ₹10L and ₹100Cr. See our interest rate chart
TIP: Try a balance between ₹10L and ₹100Cr.
(IDFC FIRST Bank pays you 7% annual interest in this range!)
Note: Standard account balance for comparison: ₹20,00,000
paid quarterly
Almost all Indian banks pay interest on savings account balance every 3 months. IDFC FIRST pays you every month.
IDFC FIRST earns you 7% interest on account balances between ₹10L and ₹100Cr.
See our interest rate chartA savings account acts as the foundation of your financial journey. With IDFC FIRST Bank’s savings bank account, you enjoy the perfect blend of safety, convenience, and growth. Designed to suit your lifestyle, our savings accounts offer competitive interest rates of up to 7.25% p.a., with monthly interest payouts, helping you reach your goals faster with consistent compounding growth on your funds.
What truly sets IDFC FIRST Bank apart is our zero-fee banking on all savings account services. By opening a savings account with us, you can enjoy unlimited access to services like IMPS, NEFT, RTGS, and ATM withdrawals across all banks in India—without worrying about hidden charges or unexpected costs.
Getting started is quick and seamless. You can open a savings account online through the IDFC FIRST Bank website or mobile app, anytime, from anywhere. The process is fully digital, paperless, and takes only a few minutes.
Prefer visiting a branch? You’re always welcome—our team is committed to offering a personalised, smooth experience, regardless of how you choose to open a bank account. read more.
Whether you are planning for short-term needs or building wealth
for the
future, now is the right time to open a savings bank account with IDFC FIRST Bank. Our
advanced mobile banking app lets you manage funds, monitor expenses, invest, and even access
rewards—all from one convenient platform.
Recognised as a “Class Apart” among
commercial banks in India by IIT Bombay and Moneylife Foundation, IDFC FIRST Bank stands
committed to fair service practices and customer-first innovation. When you open a bank
account online with us, you're choosing unmatched transparency, powerful tools, and real
value.
Take the smarter step forward—open a savings account online with IDFC FIRST
Bank and experience qa better way to save, transact, and grow your wealth with confidence.
read less.
₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover
Interest up to 7.25% p.a.
IDFC FIRST Bank offers competitive interest rates on its savings account, ranging from 3% per annum to an impressive 7.25% per annum, based on the account balance. Interest is calculated daily on the closing balance and is credited monthly for maximum returns.
This method of compounding significantly enhances your returns, making it easier to achieve your financial goals.
IDFC FIRST Bank offers savings account with several features designed to provide a seamless banking experience. Enjoy Zero Fee Banking on all savings account services, ensuring that your bank account remains cost-effective and easily accessible.
Enjoy Zero Charges on All Savings Account Services. These zero-fee services include bank transfers like IMPS, NEFT, and RTGS, SMS Alerts, issuance of a debit card, demand draft, and interest certificate; ATM transactions, and more. Access all essential services with ease without hidden costs.
Experience the peace of mind that a predictable source of additional income provides with monthly interest credits on your savings account balance. The interest is calculated daily, based on your end-of-day balance, and is credited to your account monthly. Enjoy the rewards of your savings more often.
Enjoy competitive interest rates and earn interest on your savings account balance of up to 7.25% per annum. Such a high interest rate ensures that your money works hard for you. Watch your savings grow rapidly and meet various financial goals with ease.
Transact with ease and access your funds anytime with free and unlimited ATM withdrawals. This ensures that you can maintain complete liquidity and control over your savings account balance.
IDFC FIRST Bank has been recognized as a 'Class Apart' by the pathbreaking study conducted by Moneylife Foundation and IIT Bombay for fairness in services charges on our Savings Account. This pioneering study titled 'Benchmarking Reasonableness of Service Charges by Banks in India' has earned IDFC FIRST Bank an 'A category' ranking for our unmatched ZERO FEE Banking promise
All the features of an IDFC FIRST Bank Savings Account make it easy to meet your savings goals. With a high interest rate up to 7.25% p.a., monthly interest credits, and zero charges on all Savings Account services, you save in every way when banking with us. What’s more, the revolutionary mobile banking app helps analyse and plan your finances with tools like expense tracking, cashflow analysis, and more.
The welcome vouchers/benefits offered upon opening an account have been discontinued w.e.f. 1st July 22
Exclusive rewards, free delivery, and special deals—Only for IDFC FIRST Cardholders
The following categories are eligible to open this account:
Online:
Branch:
As a FIRST Rewards member, you earn points on everyday purchases made with your IDFC FIRST Bank Debit Card. Redeem them for maximum value from a range of options and partners.
IDFC FIRST Bank Savings Account offers unmatched convenience with Zero Fee Banking on all savings account services, including fund transfers, ATM withdrawals, Debit Card, DD issuance, chequebook reissuance and more. This feature is available on both ₹25,000 AMB and ₹10,000 (AMB) account variants.
Only Average Monthly Balance non-maintenance charges are applicable. These charges are transparently communicated, ensuring there are no hidden costs.
With a focus on customer satisfaction, IDFC FIRST Bank ensures that your Bank Account remains accessible, affordable, and tailored to your financial needs.
Follow the below steps to open an IDFC FIRST Bank Savings Account:
"I love the way the onboarding process of IDFC FIRST Bank Savings Account is set up and executed. Being a product manager myself, I appreciate the smooth and clean user experience that the bank offers."
Mahalaxmi
"Was hesitant initially on the video KYC process, but once the account was opened, with WhatsApp updates as well as the debit card and Welcome kit shared at record time, I was happy with the service. Thanks for this great experience. I never expected that an online process would be so easy and smooth. Thanks for the same."
Sherly Sabu
"I'm very happy to be a part of the IDFC FIRST Bank family. Thank you for providing the best service. "
Mohammed Aleem
"I actually cannot think of anything about IDFC FIRST Bank's Savings Account opening process that would have satisfied me better. Please keep doing what you’re doing. All the best."
K P Balaji
“Recently I opened a savings account with IDFC FIRST Bank. Firstly, in terms of the process to open savings account, it is truly hassle-free. Thanks for being ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish IDFC FIRST Bank a great future and looking forward to a long term association.”
Pitruprasad Dash
“I recently opened a Savings Account with IDFC FIRST Bank, and I must tell you that I'm really happy with the features and benefits offered by the bank. The netbanking services are quite advance which makes the process easy. Also, the IDFC FIRST Bank employees are cordial and helpful, making the overall experience a pleasant one.”
Sougata Das
Disclaimer: With IDFC FIRST Bank Savings Accounts, enjoy Zero Charges on all Savings Account services. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. Forex mark-up fee will be applicable on International ATM/POS/Debit card transactions. Average Monthly Balance non-maintenance charges applicable for Savings Account. T&Cs are subject to periodic changes. All rights reserved.
When you plan to open a savings account, keeping the following tips in mind can help you make an informed decision:
1. Interest rate: Choose a bank that offers a high interest rate to grow your savings faster. IDFC FIRST Bank offers up to 7.25% p.a. interest, credited monthly.
2. Charges and fees: Review the bank’s fee structure. Opt for accounts like IDFC FIRST Bank’s savings bank account, which offers zero-fee banking on all common banking services.
3. Digital convenience: Ensure the bank provides a simple process to open a bank account online, along with features like video KYC and mobile app support.
4. Minimum balance requirement: Look for accounts with flexible minimum balance requirements that suits your financial plans. IDFC FIRST Bank offers two account variants i.e. 25K AMB (Average Minimum Balance) and 10K AMB savings account that you can choose based on your needs.
5. Value-added benefits: Consider added perks such as debit card offers, insurance, and integrated investment options for a complete banking experience.
A Savings Account is a product offered by banks to help save money, and earn interest on it. IDFC FIRST Bank offers 24x7 access to your Savings Account so you can access your funds anytime and make withdrawals whenever you need funds.
You can seamlessly open an IDFC FIRST Bank Savings Account both online and offline. To open a savings account online in less than two minutes, click here . If you want to open a savings account offline, simply walk in to your nearest IDFC FIRST Bank branch.
Did you know? IDFC FIRST Bank offers Monthly Interest Credits on Savings Account, as against quarterly interest payouts offered by most banks. Open a Savings Account in less than 2 minutes here.
To be eligible for IDFC FIRST Bank Savings Account, you should be above 18 years of age and belong to one of the below categories:
- Indian citizens
- Residents of India
- Foreign nationals residing in India and meeting the Government of India criteria
FEATURED
A high-interest savings account helps you beat inflation and grow your money faster, making it a smarter choice for financial planning. Compare rates, fees, and features to choose the highest-interest savings account and maximise your savings potential. The IDFC FIRST Bank Corporate Salary Account stands out with its high-interest savings account benefits, zero balance requirements, and exclusive perks.
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