IDFC FIRST Bank

Solutions for Micro, Small & Medium Businesses

Platinum Current Account

Free Cash deposit limit of 15X of current month's AMB
Zero Charges on 40+ commonly used current account services

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Gold Current Account

Mid-tier current account for established trading businesses
Cash deposit and transaction limits linked to your monthly balance

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Silver Plus Current Account

Entry-level current account for small and new businesses
Digital banking, collections and payments from day one

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Zero Forex Markup Account

Current account built for cross-border trade settlements
Foreign exchange booking and remittances from one platform

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World Business Account

Account for importers and exporters running global operations
Trade documentation and Letter of Credit handling in one place

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Startup Current Account

Current account for newly incorporated and funded startups
Payments, collections and payroll from a single dashboard

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TASC Institutional Account

Account for Trusts, Associations, Societies and Clubs
Donation collection and mandate management for institutions

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Merchant Multiplier Account

Current account for retailers accepting daily digital payments
UPI QR collections settled into the same account

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Dynamic Business Account

Current account for businesses with fluctuating balances
Limits that move with your monthly banking activity

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Agri Multiplier Account

Current account for agri traders, mandis and food processors
Cash handling built around seasonal procurement cycles

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Escrow Current Account

Account opened against a defined escrow agreement
Release of funds governed by agreed milestones

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RERA Current Account

Project account for real estate developers under RERA
Withdrawals mapped to certified project completion

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Capital Market Account

Account for brokers, depositories and market intermediaries
Settlement flows kept separate from operating funds

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Manufacturers

Banking for plants, job workers and component suppliers
Working capital tied to production and supply cycles

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Traders & Distributors

Banking for wholesalers, dealers and channel partners
Collections and vendor payouts from one relationship

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Professionals & Services

Banking for doctors, consultants and service firms
Fee collections and practice expenses in one account

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Export

Initiate financing requests digitally for faster processing
Convert export proceeds from EEFC accounts to INR seamlessly

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Import

End-to-end support across the Letter of Credit cycle
Initiate payments, book foreign exchange and submit Bill of Entry on same platform

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Remittances

Automatic SMS and email alerts on receipt of inward funds
Book foreign exchange rates and provide disposal instructions online

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Bank Guarantee

Comprehensive suite of guarantees for diverse industry use-cases
Issuance of electronic guarantees to reduce paperwork

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Digital Trade Solutions

Automatic SMS and email alerts on receipt of inward funds
Single Sign-on for Net Banking and Trade Forex Transactions

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Inland Trade

Wide branch coverage and dedicated trade specialists
Support for capital requirements tied to purchase and sales cycles

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Foreign Exchange Solutions

Cash, Tom, Spot deals: Same-day (cash), next-day (tomorrow) and spot value execution
Lock exchange rates for future payments

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Capital Account Transactions

Single point of contact with expertise in capital account rules
Pre-vetting support for transaction structures and documents

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UPI

Collect anytime using UPI QR code (24*7 and 365 days)
Free UPI QR Standee with zero transaction cost

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Virtual Accounts

Zero setup and transaction cost ensuring complete customer security
Real-time alerts for incoming fund transfers and exceptions

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Payment Gateway

Best-in-market commercials (MDR)
Zero setup and Zero AMC fees

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NACH

Fully integrated & automated solution for NACH Mandates registration
Reports for reconciliation with same-day settlement

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Escrow Accounts

Easily sign Escrow agreements digitally
Expert Escrow team to manage operations

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Bulk Payments

No setup fee and transaction charges
Process bulk payments with or without excel

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Tax Payments

Pay multiple tax types through a single banking relationship
Dedicated tax payment journeys with no beneficiary addition required

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Doorstep Banking

Secured pickups through our empanelled Agent
Daily or on-request cheque and cash pickup

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Business Loan

Unsecured funding for working capital and expansion
Repayment tenure aligned to your business cash-flow cycle

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Professional Loan

Funding for doctors, chartered accountants and consultants
Use it to set up, equip or expand your practice

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Loan Against Property

Raise funds against residential or commercial property
Longer tenure secured against the property you own

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Business Loan for Women

Funding for women-owned and women-led enterprises
Documentation support through the application journey

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Working Capital Loan

Cash credit and overdraft limits for day-to-day operations
Limits reviewed against your receivables and inventory

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Construction Equipment Loan

Financing for excavators, cranes and earthmoving equipment
Funding for new as well as used equipment purchases

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Machinery Loan

Financing for plant and machinery across manufacturing units
Repayment structured around your production cycle

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Healthcare Equipment Loan

Financing for diagnostic, imaging and surgical equipment
For hospitals, clinics and diagnostic centres

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Frequently Asked Questions

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Open account

Eligibility and Documentation

Features and Benefits

AMB Requirement

Savings Account Interest Rate

Chequebook and Debit Card

Fees and Charges

A Savings Account is a deposit account offered by banks. This account lets you deposit your funds and earn interest. With the IDFC FIRST Bank Savings Account, available in ₹10,000 Average Monthly Balance (AMB) and ₹25,000 AMB variants, you can safely park your funds and enjoy competitive interest rates.

A Savings Account encourages consistent saving due to the interest component, while also offering liquidity and quick access to funds via ATM, online banking and cheques. Though Savings Accounts offer a lower interest rate compared to Fixed Deposits, they provide greater flexibility.

You can open an IDFC FIRST Bank Savings Account via the online mode by visiting the Bank’s official website or mobile app. First, choose between the ₹10,000 Average Monthly Balance (AMB) or ₹25,000 AMB variant as per your needs. Next, fill out your details, submit your Aadhaar number and PAN, and complete the KYC verification. Setting up your Savings Account online with IDFC FIRST Bank is easy and seamless!

IDFC FIRST Bank offers two types of Savings Accounts based on the AMB (Average Monthly Balance) requirements: one requiring ₹10,000 Average Monthly Balance (AMB) and the other requiring ₹25,000 AMB. These account types offer benefits like high interest rates, monthly interest credits, zero-fee banking, and easy access to digital banking features.

Based on the type of applicants, IDFC FIRST Bank also offers the following Savings Accounts:

• FIRST Power Women’s Savings Account – A savings account specifically designed for women that offers features like complimentary medical benefits through MediBuddy, discount on locker rentals, exclusive offers on Debit Card, monthly interest credits, and higher interest rates.

• Seniors Citizens Savings Account – This account is designed for seniors above the age of 60 years and comes with medical benefits through MediBuddy, ₹2 lakhs coverage against online fraud, 0.5% additional ROI on FD and free doorstep banking.

• Minor’s Savings Account - Designed for minors, this account can be opened jointly with parents or guardians. Also, minors aged between 10 to 18 years can open a FIRST Prodigy Savings Account, a self-operated minor savings account that offers features like monthly interest credits, high daily debit limit of ₹40,000, education cover of ₹5 lakhs, and more.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

The reward points will get credited upon statement generation.

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.

The reward points will get credited upon statement generation.

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.

The reward points will get credited upon statement generation.

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.

The reward points will get credited upon statement generation.

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.

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