Instant Business Loan for Self-Employed

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.

Go for a Savings Account offering high interest rates, zero or minimal charges, easy digital access, and value-added benefits. Value-added benefits may be in the form of Debit Card offers and investment options. Prioritising these factors ensures maximum returns, convenience, and an overall good banking experience.

The IDFC FIRST Bank Savings Account checks all these boxes with high interest rates, monthly interest credits, zero-fee banking and various account types like the Women’s Savings Account, Minor’s Savings Account, Senior Citizen Savings Account, designed to meet your specific needs. 

There is no upper limit on how much money you can deposit in an IDFC FIRST Bank Savings Account through non-cash (electronic or cheque) modes. However, for cash deposits, particularly for high-value transactions, certain regulatory guidelines may apply. For instance, PAN or Form 60 is mandatory for cash deposits exceeding ₹50,000 in a single transaction. 

IDFC FIRST Bank offers distinct kinds of Savings Accounts, each with its own Average Monthly Balance (AMB) requirements, with ₹10,000 and ₹25,000 being common variants. Maintaining the required AMB helps in avoiding non-maintenance charges and ensures access to premium features.

Yes, IDFC FIRST Bank allows you to open a Joint Savings Account. You can open it with a family member or partner, and both account holders can operate the account jointly or as per the instructions given while opening the account.

Yes, minors can open a Savings Account. IDFC FIRST Bank offers Minor’s Savings Accounts that can be opened jointly with a parent or legal guardian. These accounts help children develop financial awareness while earning interest and accessing digital banking tools under parental supervision.

For young kids between the ages of 10 to 18 years, IDFC FIRST Bank also offers a self-operated minor’s account, the FIRST Prodigy Savings Account. The account offers unique features like high interest rates with a monthly interest credits, total daily debit limit of ₹40,000 to meet the child’s expenses, and free child education cover worth of ₹5,00,000. It also comes with special benefits like domestic airport lounge access once every quarter and extensive insurance coverage.

You must open a Savings Account depending on your financial requirements and balance maintenance capacity. If you are looking for increased benefits, then the ₹25,000 Average Maintenance Balance (AMB) variant is a wise choice. It offers a range of benefits like high interest rates, zero fee banking, monthly interest payouts, higher daily transaction limit of ₹6 lakhs and withdrawal limit of ₹2 lakhs. You also get a complimentary domestic airport lounge access per quarter, personal accident cover of worth ₹35 lakhs, and air accident cover of ₹1 crore.

The best Savings Account offers high interest, zero fees, easy digital access, varied balance options, and added perks. IDFC FIRST Bank stands out with all these benefits. It offers a high interest rate, monthly interest credits, zero-fee banking, video KYC, and intuitive mobile banking app.

IDFC FIRST Bank Savings Accounts come in two variants, ₹10,000 AMB and ₹25,000 AMB, allowing customers to choose based on their financial needs, making it one of the best banks for opening a Savings Account.

A Savings Account becomes dormant if there are no customer-initiated transactions, such as deposits, withdrawals, fund transfers, or cheque usage, for two consecutive years. 

Dormant accounts can still earn interest, but certain services are restricted for security reasons. To reactivate a dormant account, customers need to visit a branch with valid KYC documents. IDFC FIRST Bank alerts customers before dormancy to encourage activity.

A Savings Account is meant for individuals to save money and earn interest with limited monthly transactions. For example, the IDFC FIRST Bank Savings Account comes in ₹10,000 and ₹25,000 Average Monthly Balance (AMB) variants, offering attractive interest rates and monthly interest credits. 

A Current Account is designed for businesses with higher transaction needs and generally does not offer interest. However, it provides features like Overdraft facilities.

The process of transferring your IDFC FIRST Bank Savings Account to another branch is simple. You can visit any branch and submit a request with valid ID proof. You can even send a signed request via a bearer. This procedure is hassle-free and ensures your account continues smoothly with the new branch. Your account number as well as services generally remain unchanged, making the transition hassle-free. Keeping the customers first, IDFC FIRST Bank offers zero fees on non-home branches for savings account holders, so that they can enjoy seamless banking services despite having a savings account at a different branch or location.

The minimum age requirement to open an IDFC FIRST Bank Savings Account is 18 years. Minors can also open and maintain Savings Accounts under a guardian’s supervision through IDFC FIRST Bank’s specially designed Minor’s Savings Accounts. While minors can open a joint account with their parents and guardians, IDFC FIRST Bank also offers a self-operated minors savings account, the IDFC FIRST Prodigy Savings Account, that is designed for those aged between 10 to 18 years. The account comes with benefits like high interest rates with monthly interest credits, high daily debit limit of ₹40,000, education cover of ₹5 lakhs to secure child’s education, and domestic lounge access once every quarter subject to AMB maintenance.

To open a Savings Account online with IDFC FIRST Bank, you must submit your Aadhaar number and PAN. These documents assist in completing the KYC procedure via a secure digital verification, allowing you to open your bank account without visiting a bank branch. 

Resident individuals and eligible foreign nationals living in India with valid documentation can open a Savings Account with IDFC FIRST Bank. To smoothly open the account, applicants must complete the KYC process by providing Aadhaar, PAN, and residential proof.

Yes, a PAN card is mandatory to open a Savings Account. If you don’t have one, you must submit Form 60 instead. Online account opening requires Aadhaar and PAN. At a branch, you will need a passport-size photo, PAN (or Form 60), and valid ID proof like Aadhaar, Passport, Voter ID, Driving Licence, NREGA job card, or NPR letter. This ensures compliance with KYC norms. IDFC FIRST Bank offers both online and offline options to make the process seamless and secure.

Opening a Savings Account online with IDFC FIRST Bank is quick, paperless, and convenient. You benefit from high interest rates, zero-fee banking, monthly interest credits, easy video KYC, and 24/7 access to banking services through a secure mobile app and internet banking. 

Based on your financial preference, you can choose between two Savings Account variants—₹10,000 and ₹25,000 Average Monthly Balance (AMB) accounts.

IDFC FIRST Bank’s zero-fee banking means customers pay no charges for commonly used services across Savings Account variants, including the ₹10,000 and ₹25,000 Average Monthly Balance (AMB) account variants. There are no fees for ATM transactions (even at other banks’ ATMs), Debit Card issuance, chequebooks, IMPS/NEFT/RTGS transfers, and more. 

To maximise the benefits of your IDFC FIRST Bank Savings Account, begin by choosing the right Average Monthly Balance (AMB) variant, ₹10,000 or ₹25,000, based on your financial needs. Maintain the required minimum balance, use digital banking features, set up automatic savings, and take advantage of the high interest rates. 

Also, use your Debit Card for rewards, keep track of monthly interest credits, and explore value-added services like insurance, and investment options, for optimal savings growth.

The minimum balance requirement in an IDFC FIRST Bank Savings Account depends on the variant you choose. It is either ₹10,000 Average Monthly Balance (AMB) or ₹25,000 AMB. Maintaining the required balance helps you enjoy the full benefits of zero-fee banking and uninterrupted services without any penalty.

IDFC FIRST Bank calculates the Average Monthly Balance (AMB) by adding the closing balance of each day in a month and dividing it by the number of days in that month. For instance, if the sum of daily closing balances in a 30-day month is ₹3 lakh, the AMB would be ₹10,000. 

IDFC FIRST Bank offers two common types of Saving Accounts based on AMB: ₹10,000 AMB and ₹25,000 AMB, you can choose the account variant based on your financial requirements.

At IDFC FIRST Bank, a nominal fee applies for non-maintenance of the Average Monthly Balance (AMB). From January 1, 2025, charges are 6% of the AMB shortfall or ₹500, whichever is lower. 

Maintaining AMB in ₹10,000 or ₹25,000 AMB accounts helps avoid charges and unlocks premium benefits. However, there are no AMB requirements for IDFC FIRST Bank Minor’s Savings Accounts (under guardian).

You can earn up to 7.00% per annum interest on your IDFC FIRST Bank Savings Account. The interest is credited monthly, which helps your money grow faster compared to banks offering quarterly credits. This allows your returns to be compounded more efficiently and boosts your overall savings.

With the IDFC FIRST Bank Savings Account ₹10,000 Average Monthly Balance (AMB) and ₹25,000 AMB variants, interest earned on the Savings Account balance is credited each month instead of quarterly. This enhances your overall interest earnings, provides quicker returns, and helps your savings grow faster compared to accounts that credit interest quarterly. 

At IDFC FIRST Bank, Savings Account interest is computed daily depending on the end-of-day balance and credited monthly. This means the bank considers your account balance at the close of every day and computes the daily interest component using the prevailing annual interest rate. 

At the end of the month, the overall interest component is credited to your bank account. This method ensures higher transparency as well as better returns.

IDFC FIRST Bank does not put any kind of limit on the number of withdrawals that can be made from your Savings Account. However, interest rates are applied to different balance ranges (or slabs) in a Savings Account. If frequent withdrawals cause your balance to dip into a lower slab, the interest rate applicable to your account may change. So, while you’re free to withdraw funds at any time, maintaining a higher balance may help you earn better interest.

Yes, IDFC FIRST Bank offers a chequebook after you open a Savings Account. You can request one while opening the account or later on via internet banking, mobile banking, or at a branch. The chequebook comes free of charge as part of the bank’s zero-fee banking policy, including re-issuance. 

You can use the chequebook for various purposes like paying rent and bills or issuing post-dated cheques. This facility is available with both the ₹10,000 AMB and ₹25,000 Average Monthly Balance (AMB) Savings Account variants.

Yes, IDFC FIRST Bank offers a complimentary Debit Card with your Savings Account. Customers with the ₹25,000 Average Monthly Balance (AMB) variant receive an exclusive debit card, which includes free and unlimited ATM transactions at any bank in India, a ₹6 lakh daily purchase limit, and ₹2 lakh ATM withdrawal limit.

It also offers quarterly domestic airport lounge access, ₹35 lakhs personal accident insurance, and ₹1 crore air accident cover. These benefits enhance safety, convenience, and value, making your IDFC FIRST Bank Debit Card not just a transaction tool, but a premium lifestyle companion.

To activate your IDFC FIRST Bank Debit Card, sign in to the mobile app or internet banking, visit the ‘Card Services’ section, and follow the activation prompts. Debit Cards can also be activated by calling on the Bank’s toll free number - 1800 10 888 from your registered mobile number.

IDFC FIRST Bank offers zero-fee banking across all Savings Account variants, including ₹10,000 and ₹25,000 Average Monthly Balance (AMB) variants. Customers enjoy zero charges on all Savings Account services like IMPS, NEFT, RTGS, ATM withdrawals (even at other banks’ ATMs), Debit Card issuance, annual fees, SMS alerts, chequebook re-issuance, and many more.

There are no hidden charges for services like doorstep banking, ECS returns, and duplicate passbook issuance. For non-maintenance of Average Monthly Balance (AMB), a nominal charge applies: 6% of the shortfall or ₹500, whichever is lower, for both the ₹10,000 and ₹25,000 AMB account variants. However, Minor’s Savings Accounts (under guardian) have no AMB requirement.

No, IDFC FIRST Bank Savings Account offers zero-fee banking on all common services, including fund transfers, ATM withdrawals, Debit Cards, Demand Draft (DD) issuance, and chequebook re-issuance, even for non-home branch transactions. This applies to both ₹25,000 Average Monthly Balance (AMB) and ₹10,000 AMB account variants.

You can transfer funds from a Savings Account via different modes. These include NEFT, RTGS, IMPS, and UPI. These options are available via internet banking, mobile banking app, ATMs, and even branch visits. Note that with IDFC FIRST Bank, you can be assured about seamless and quick fund transfers without any additional charges.

Yes, you can set up automatic payments and standing instructions from your IDFC FIRST Bank Savings Account. This feature allows you to automate bill payments, Equated Monthly Instalments (EMIs), investments like Systematic Investment Plans (SIPs) in Mutual Funds, or fund transfers, ensuring timely transactions and better financial management without manual intervention.

Yes, IDFC FIRST Bank allows you to set up auto transfers and standing instructions using your Savings Account. This feature supports regular bill payments, Equated Monthly Instalments (EMIs), and fund transfers to other linked bank accounts. 

It ensures timely payments, avoids any late fees, and offers convenience by automating recurring transactions based on your instructions. 

You can track transactions via IDFC FIRST Bank’s mobile app, internet banking, SMS alerts, email statements, and ATMs. These online and offline platforms provide real-time updates, mini statements, detailed account summaries, and instant notifications for every transaction. This helps maintain full transparency and allows you to stay updated with your banking activities. 

To register for IDFC FIRST Bank internet and mobile banking services, visit the Bank's official website or download the IDFC FIRST Bank mobile app. Use your customer ID and registered mobile number to generate a password. Set up security questions and create your login credentials. You can also register at any IDFC FIRST Bank branch. 

The process is quick, safe, and user-friendly, allowing you to manage your account, carry out transactions, pay bills, and more from the comfort of your home. 

To generate your IDFC FIRST Bank internet banking password, visit the official login page and click on "generate password." Enter your customer ID and registered mobile number. You will receive an OTP to authenticate. After successful verification, set a new login and transaction password. Alternatively, you can visit your nearest branch for assistance.

You can find your Customer ID easily by logging in to the IDFC FIRST Bank mobile banking app or internet banking. Next, just go to the menu and click on ‘Manage Profile’ below your name to view your Customer ID. Alternatively, you can visit any IDFC FIRST Bank branch with valid ID proof to retrieve your Customer ID.

IDFC FIRST Bank offers comprehensive digital services via its mobile banking app and internet banking portal. You can easily check balances, pay bills, transfer funds, manage UPI, set auto-debit mandates, and request services online. 

These digital platforms provide high security and convenient access to daily banking needs anytime, anywhere, offering greater control and financial flexibility. 

With an IDFC FIRST Bank Savings Account, personal details like your mobile number or email ID, address and nominations can be updated through internet banking, the mobile app, or customer care. Ensure you have your Aadhaar, PAN, and other necessary documents handy for verification.

To update your registered mobile number in your IDFC FIRST Bank Savings Account, log in to the IDFC FIRST Bank mobile banking app or the net banking portal. Navigate to the profile or personal details section and follow the instructions to update your number.

Adding a nominee to your IDFC FIRST Bank Savings Account ensures that your account proceeds go to the intended person in the event of your unfortunate demise. It simplifies the claim process and prevents legal disputes among family members. Nomination provides peace of mind and financial security to your loved ones. You can nominate anyone, including a family member or a trusted individual.

You can contact IDFC FIRST Bank’s customer support easily. The customer care hotline number is 1800 10 888. You can refer to it at the top right corner of the Bank’s official website. You can also contact customer care via the mobile app, internet banking chat, or by visiting the nearest branch.