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Savings Account with industry best 7% Interest

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IDFC FIRST Bank GIFT City banner showcasing global banking opportunities

IDFC Gift City

Unlock new horizons of growth in India’s
first international financial hub.

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Overview

GIFT City is India's first International Financial Services Centre (IFSC), located in Gandhinagar, Gujarat. With a conducive regulatory environment that offers tax exemptions and facilitates the smooth flow of finance, the IFSC enables foreign nationals, non-resident Indians (NRIs), and enterprises to tap into India's rapidly growing economy. It boasts state-of-the-art infrastructure, access to a talented workforce, and a world-class regulatory environment that promotes greater ease of doing business, tax benefits, and cost savings.

Illustration of who can open an account in GIFT City

Who can open an account in GIFT City?

Non-Resident Indians (NRIs) and foreign companies without PAN, and resident Indians can open bank accounts in IFSC GIFT City. NRIs can open both Savings and Current Accounts. Accounts can be opened for Indian resident individuals for investments under the Liberalised Remittance Scheme (LRS).

Offerings for NRIs

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NRI Global Savings Account

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GIFT City Deposits for NRI

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Offerings for Resident Indians

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Resident Account

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Financial Markets & Treasury

Services we provide:

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Cash, Tom, Spot
transactions

Get your foreign currency transactions delivered as per your convenience through our Cash, Tom and Spot transactions.

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FX Forwards including Non Deliverable Forward (NDF)

Exchange one currency for another at an agreed exchange rate on an agreed settlement date greater than two business days from the trade date.

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