IDFC FIRST Bank

Get BRAVO Auto-Sweep for your Current Account

Set flexible auto-sweep limits above ₹5 lakh for surplus funds
Earn up to 6.50% p.a.* on auto-converted FD tenure of 370 days
Enjoy zero penalty on FD breakage with withdrawals in units of ₹1

What is the BRAVO feature in a Current Account

BRAVO is a unique feature where you can set up an Auto-sweep into Fixed Deposit (FD) on select Current Account Variants, without any penalty on premature FD breakage. While maintaining full liquidity, it allows businesses to earn FD-level interest. IDFC FIRST Bank is India’s first and onlybank to offer this as a feature for new accounts opened, and even for existing customers on select variants.

How does the BRAVO feature benefit your business?

It ensures that idle funds earn higher returns daily while remaining instantly accessible. The feature combines liquidity, flexibility, and higher yield, making it especially useful for MSMEs, startups, and professional firms managing working capital.Our current accounts cater to businesses of all sizes and support high-volume transactions, seamless payments, and easy cash management. Whether you are opening a current account for the first time or switching banks, you can begin your application for a current account online. At IDFC FIRST Bank, opening a current account online is fast, secure, and hassle-free, with transparent charges for current accounts, powerful digital banking tools, and fast onboarding.

How it works

1

Choose any amount above ₹5 Lakhs as threshold for auto-sweep to a FD
2

FD will break only when Current Account balance goes below ₹5 Lakhs
3

Earn interest of up to 6.50% p.a.* on a FD tenure of 370 days

4

FD breakage will not attract any penalty on withdrawal
5

Balance above the set threshold move into a FD on daily basis in multiples of ₹1000
6

FD breakage will be in units of ₹1 to give you maximum benefit

Why should you use BRAVO?

BRAVO is ideal if you want your business funds to earn higher returns without compromising liquidity. It eliminates the trade-off between accessibility and earnings by automatically managing surplus funds—making it a smart solution for modern businesses.

Quick answers about BRAVO

Is BRAVO automatic?

Yes, once activated, it works daily without manual intervention

Is there any penalty?

No, there is zero penalty on premature FD breakage

Can I access funds anytime?

Yes, funds are instantly available if the Current Account balance falls below ₹5 Lakhs

Frequently Asked Questions

All

Late Payment

Reward

Credit score

Card limit

How to apply

Lost card

International transcations

Who is eligible to open a Current Account?

IDFC FIRST Bank allows a wide range of entities to open a current account based on business structure and KYC compliance. Broadly eligible applicants include:

Self-employed professionals,
Hindu Undivided Families (HUF),
Sole proprietorships, partnerships,
OPC/Private & Public limited companies, and
Limited Liability Partnerships (LLP).

Do Current Accounts offer interest earnings?

The joining fee of ₹2,500 (+GST) will be levied instantly on card generation. You can pay for the fee before or after statement generation.

What is the required minimum balance for a Current Account?

On payment of joining fee, you will receive cashback of ₹400 for each of any 5 transactions worth ₹400 or more, completed using your credit card within 60 days of card generation. The joining benefit will be credited in the next statement. Cash withdrawal transactions, fees and charges will not be eligible for the joining benefit.

Can a customer transfer dues to CreditPro Balance Transfer from Multiple Cards?

If you are applying for your first IDFC FIRST Bank unsecured credit card, you will get a credit limit as per our internal policies. If you already have an IDFC FIRST Bank unsecured credit card, your new credit card will also have the same credit limit. The credit limit, however, will be shared across all unsecured credit cards.

What does my credit score need to be?

Yes. You will earn:

10 reward points for incremental spends above ₹20,000 in a statement cycle and on your birthday.
5 reward points on spends up to ₹20,000 in a statement cycle.
3 reward points on Education, Wallet Load, Government, Rent and Property Management/Purchase transactions. 1 reward point on utilities and insurance transactions. Spends in these categories will not be considered for the 10X monthly milestone.
Reward points will not be given on spends converted to EMI, Cash Withdrawal, Fuel, Fee and Charges.
1 reward point is given for every ₹150 spent in a transaction. Value of 1 reward point is ₹0.25.

Why should you apply for a Credit Card at IDFC FIRST Bank?

Education, Wallet Load, Government, Rent and Property Management/Purchase transactions, Utilities, Insurance, EMI, Cash Withdrawal, Fuel, Fee and Charges. Only those transactions which are settled by the merchant before the statement generation will be considered. If a transaction is settled after the statement is generated, it will not accrue 10X rewards. Rewards for such transactions will be credited after the next statement generation.

What is a Credit Card limit?

The Ashva Credit Card provides the benefit of never-expiring reward points. The reward points remain valid till the credit card remains active.

What should I do when my Credit Card is lost?

The Ashva Credit Card comes loaded with benefits like discounts on 300+ brands, movie tickets, complimentary airport lounge access, etc. The full list of benefits is mentioned above. For brand offers, you can visit the offers website

What are the things you must know before applying for a credit card?

The Ashva Credit Card offers one of the lowest forex markups in the industry at just 1%. Spend seamlessly while travelling abroad as well as on international purchases made from India.

What are the dos and don’ts while using a credit card?

Yes, Ashva Credit Card offers:

4 complimentary visits per quarter to lounges and spas at airport terminals in India.
2 complimentary visits per quarter to lounges at foreign airports

The lounge benefit can be availed in the next calendar month on spending ₹20,000 or more in the current calendar month.

Use your credit card to access Indian airport lounges and the Dreamfolks Card to access spas and lounges at Indian and overseas airport terminals.

You can also book airport lounge and spa by clicking here.

I already have a credit card. Can I apply for another one?

You can activate your 1 Lounge/Spa benefit for the next calendar month by spending ₹20,000 or more in the current calendar month.
E.g. Meet spend criteria between 1st to 31st March to activate the benefit in April. To know how to book an airport lounge online, click here.

Can I avail of golf benefits on the Ashva Credit Card?

Yes. You can avail up to 2 rounds/lessons in a month. Each round/lesson is unlocked for every ₹20,000 spent in the previous statement cycle.

Can I use my credit card to withdraw cash at an ATM?

Yes, you can! All ATM cash withdrawals are interest-free for up to 48 days – in India or abroad. Cash withdrawal from ATMs outside India will attract a forex markup fee of 1% (+GST). Please keep in mind, however, that a Cash Advance Fee of ₹199/- + GST is applicable per transaction, irrespective of your location or the withdrawal amount. The maximum cash withdrawal limit per transaction is ₹10,000.

Will I be asked for my Credit Card PIN at every POS terminal, be it domestic or international?

For transactions in India, yes, you will be asked for a PIN for completing the transactions. However, outside India, you will be asked for the PIN only if the POS terminal is enabled for PIN authentication.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

More FAQs

Eligibility Criteria

Following conditions need to be met to qualify under ECLGS 5.0.

Eligible borrower categories

The scheme is available for:

MSMEs

Non-MSMEs

Scheduled Passenger Airline Sector borrowers

Key Requirements

Standard account requirement

The borrower’s credit facilities should be classified as “Standard” and should not fall under SMA-2 status as on 31 March 2026 across all lenders.

Existing borrower requirement

ECLGS 5.0 is intended for existing borrowers on the books of participating lending institutions as of 31 March 2026. New borrowers are not eligible under the scheme.

UDYAM registration for MSMEs

MSME applicants are generally required to possess a valid UDYAM Registration or Udyam Assist Certificate (UAC) to establish their MSME status under the scheme.

Application through eligible lenders

Applications must be submitted through lenders that are onboarded on the JanSamarth portal and participating under the scheme.

Quantum of Assistance (Q4 FY26: 01 January 2026 – 31 March 2026)

The amount of assistance available under ECLGS 5.0 depends on the borrower’s outstanding working capital exposure during Q4 FY26.

For MSMEs and non-MSMEs eligible borrowers can avail:

Up to 20% of the peak fund-based working capital outstanding during the period from 01 January 2026 to 31 March 2026
Maximum assistance of ₹100 crore per borrower across all Member Lending Institutions (MLIs)

The eligible facilities considered for determining peak working capital utilisation may include:

Cash Credit (CC)
Overdraft (OD)
Working Capital Demand Loan (WCDL)
Working Capital Term Loan (WCTL)

Here is an example

Peak working capital utilisation

₹10 crore

Additional credit facility

Up to ₹2 crore

Let’s say a manufacturing MSME had a peak working capital utilisation of ₹10 crore between January and March 2026. In such a case, the business may be able to access an additional credit facility of up to ₹2 crore under ECLGS 5.0. Of course, the actual amount approved will depend on the lender’s evaluation and the applicable scheme conditions.

This makes the scheme particularly valuable as an MSME government loan scheme for businesses seeking additional liquidity without arranging fresh collateral.

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