IDFC FIRST Bank

Current Accounts for Every Business Need

Platinum Account

₹2 Lakh AMB

A premium current account with Auto-Sweep FD facility:

Free Cash deposit limit of 15X of current month’s AMB
Zero Charges on 40+ commonly used current account services
Free VISA Signature debit card with 2/ Quarter free lounge access

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Gold Account

₹50,000 AMB

Experience exclusive privileges with our Gold Current Account:

Free Cash deposit limit of 12X of current month’s AMB
Zero Charges on 40+ commonly used current account services
Free VISA Platinum debit card with 1/Quarter free lounge access

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Silver Plus Account

₹25,000 AMB

Accelerate growth with our Silver Plus Current Account:

Free Cash deposit limit of 10X of current month’s AMB
Zero charges on NEFT, RTGS, and all transactions at IDFC FIRST Bank ATMs
Free VISA Platinum debit card 1/ Quarter free lounge access

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Silver Account

₹10,000 AMB

Take your business further with Silver Current Account:

Free Cash deposit limit of 10X of current month’s AMB or ₹10 lakhs - whichever is lower
Zero charges on NEFT, RTGS, and all transactions at IDFC FIRST Bank ATMs
Free VISA Platinum debit card with 1/quarter free lounge access

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Zero Forex Markup Account

Accounts made for export-import businesses that often handle foreign exchange.

Zero Forex Markup on transactions up to $50 million
Zero Transaction charges across remittances
Trade First Portal, just book the deal and transact Apply Now Know More

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World Business Account

A dedicated account for importers and exporters to manage both international and domestic trade:

WBA Platinum: Maintain AMB ₹2,00,000 or Monthly Trade Throughput of $50,000.
WBA Gold: Maintain AMB ₹50,000 or Monthly Trade Throughput of $25,000.
Dedicated Trade Support Desk for expert assistance Apply Now Know More

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Startup Current Account

Ideal launchpad for your startup, with Nil AMB for the first 3 years post account opening, after which the minimum AMB is ₹2,00,000.

Free Cash deposit limit of up to ₹30 lakh per month
FIRSTWINGS Startup Banking Program - Your all-in-one enabler for capital, knowledge, networks, and technology.
Free VISA Signature debit card with 2/ Quarter free lounge access

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TASC Institutional Account

A specially designed account exclusively for Trusts, Associations, Societies, and Clubs. (Zero Balance Account or Nil AMB)

Free Cash deposit limit of 15X of current month’s AMB
Zero Charges on 40+ commonly used current account services
Free VISA Signature debit card with 2/ Quarter free lounge access

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Merchant Multiplier Account

A thoughtfully designed zero balance current account to empower merchants and support growth.

Free cash deposit up to 20X of the total (POS + UPI QR) collection (Up to ₹30 lakhs)
Zero Charges on 30+ commonly used current account services
₹50,000 AQB: To address the seasonal nature of business, get an option to maintain Quarterly Average Balance

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Agri Multiplier Account

Exclusive Current Account for Arthiyas and grain traders, built to handle the seasonality of business.

Free Cash deposit limit of 20X of current month’s AMB (Up to 1 crore)
Zero Charges on 30+ commonly used current account services
₹50,000 AQB: To address the seasonal nature of business, get an option to maintain Quarterly Average Balance

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Dynamic Business Account

A zero-balance account designed for business professionals seeking dynamic solutions.

Free cash deposit of 10X of current month’s AMB
Zero Charges on 30+ commonly used current account services
Free VISA Signature debit card with 2/ Quarter free lounge access

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Special Purpose Accounts

Customised Current Accounts to meet your specific requirements.

RERA Account: Promoters and Developers of residential, commercial, or plotted development projects registered under RERA
EEFC Account: Retain your foreign exchange earnings without converting them into INR immediately
SNRR Account: A Rupee-denominated account specially for non-residents having specific business transactions permitted under FEMA

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AMB = Average Monthly Balance

Get Started with Your Current Account

Eligibility Criteria for Opening a Current Account

IDFC FIRST Bank enables current account opening for a wide range of individuals and business entities. The following entities are broadly eligible to open a current account:

HUFs (Hindu Undivided Family)

Sole Proprietorship

Partnership

OPC / Private / Limited Company

Limited Liability Partnership (LLP)

Eligibility may vary by current account variant selected. Additional documents or conditions may apply based on the nature of the business and regulatory requirements.

How to Open a Current Account

Opening a current account with IDFC FIRST Bank is simple and digitally supported, designed to get your business onboarded quickly and seamlessly.

Click on the “Apply Now” link to start your journey – to have the common current account lead page link

Select your preferred current account variant based on your business needs

Fill in basic details like pin code, email ID, mobile number, and business name

Our bank representative will contact you to complete the process and assist your through the process

At IDFC FIRST Bank, you get a seamless digital journey to get you onboarded and help speed up account opening

Documents Required to Open a Current Account

To complete the current account opening process, you must submit documents based on your business constitution, as per KYC guidelines. Documents include identity proof, address proof, and entity-related papers.

Entity documents

Proprietor’s PAN

Photo and OVD

Proof of nature of business

The final document list may vary by current account variant and regulatory requirements.

Click here to learn more about required documents.

HUF PAN

Karta’s PAN and OVD

HUF declaration

The final document list may vary by current account variant and regulatory requirements.

Click here to learn more about required documents.

Address proof

Entity PAN

Authorised signatory OVDs

Declarations

Incorporation or partnership documents

The final document list may vary by current account variant and regulatory requirements.

Click here to learn more about required documents.

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.

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Benefits of Opening a
Current Account with IDFC FIRST Bank