IDFC First Savings Account

Account Balance (Rs.)	Interest Rate
<= 5 lakhs	3.00%
> 5 lakhs <= 50 crores	7.25%
> 50 crores <= 100 crores	5.00%
> 100 crores <= 200 crores	4.50%
> 200 crores	3.50%

Note: Interest rates are updated as on 11th September 2024. and are with effect from 15th July 2024.

Read more: Savings Account Interest Rates 2024

Regular Savings Account	IDFC FIRST Corporate Salary Account
Senior Citizens Savings Account	IDFC First Power
Minor’s Savings Account	NRI Savings Account
Future FIRST Savings Account	Honour FIRST Defence Account
IDFC FIRST Salary Booster Account	Nation FIRST Salary Account
Vishesh Savings Account	Pratham Savings Account (BSBDA)

Regular Savings Account

IDFC FIRST Bank offers this regular savings account to meet the needs of individuals. This savings account can also be opened just by sitting at home. The customer can either visit the branch to get the account opened or can do so digitally. This savings account by IDFC First Bank offers a host of features and benefits. The account holder is expected to maintain an average monthly balance of Rs. 25,000. Below-mentioned are the features and benefits offered by this savings account:

• ATM transactions are free and unlimited at any bank and anywhere in India
• POS limit is Rs. 6,00,000 per day and ATM withdrawal limit is Rs. 2,00,000 per day
• The account holder will get complimentary domestic airport lounge access every quarter

IDFC FIRST Corporate Salary Account

IDFC FIRST Bank offers this zero balance savings account called Corporate Salary Account to its customers. This savings account has added benefits for salaried individuals and it lets an employee make the most of their earrings. Below-mentioned are the features and benefits offered by this savings account:

• Free and unlimited ATM transactions
• No charges on fund transfers
• The account holder will get either Visa Platinum debit card or Visa Classic debit card
• This savings account can be opened online

Senior Citizen Savings Account

IDFC FIRST Bank has curated Senior Citizen Savings Account for seniors to make their retirement days hassle-free. This savings account offers a host of benefits and features to seniors. Below-mentioned are the features offered by this savings account:

• Doorstep banking is provided for free
• Free personal accident insurance cover of Rs. 35,00,000
• The account holder will be provided Visa Platinum debit card if he/she maintains an average monthly balance of Rs. 25,000 with benefits such as free and unlimited ATM transactions at any bank, POS limit of Rs. 6,00,000 and ATM withdrawal limit of Rs. 2,00,000
• The account holder will be provided Visa Classic debit card if he/she maintains an average monthly balance of Rs. 10,000 with benefits such as free and unlimited ATM transactions at any bank, ATM withdrawal limit of Rs. 1,00,000
• This savings account can be opened online

IDFC FIRST Power

IDFC FIRST Bank has curated FIRST Power savings account for women. This savings account lets women take care of their financial well-being. IDFC FIRST Power savings account offers below-mentioned features and benefits to women:

• Free and unlimited ATM transactions at any bank’s ATM in India
• This savings account offers Visa Signature debit card to women if they maintain an average monthly balance of Rs. 25,000 with benefits on the card like higher purchase limit of Rs. 6,00,000 and ATM withdrawal limit of Rs. 2,00,000
• The account offers Visa Classic debit card if women maintain an average monthly balance of Rs. 10,000 with benefits on the card like ATM withdrawal limit of Rs. 1,00,000 and higher purchase limit of Rs. 4,00,000

Minor’s Savings Account

IDFC FIRST Bank has designed Minor’s Savings Account in two variants for minors namely Minor Savings Account (Under Guardian) and FIRST Prodigy (Minor Self-Operated Savings Account). Below-mentioned are the features offered by these two variants:

Minor Savings Account (Under Guardian)

• Unlimited and free fund transfers
• Visa debit card is provided for free
• Free and unlimited ATM transactions at IDFC First Bank ATMs

FIRST Prodigy (Minor Self-Operated Savings Account)

• Free Visa Platinum debit card with POS limit of Rs. 10,000 per day and ATM withdrawal limit of Rs. 10,000 per day
• Unlimited and free ATM transactions at any bank
• Complimentary domestic lounge access is provided once every quarter

NRI Savings Account

IDFC FIRST Bank has three variants of NRI savings accounts namely NRE Savings Account, NRO Savings Account, and Seafarer Savings Account. These savings accounts offer a host of benefits and features to account holders. These accounts can be opened online. Below-mentioned are the features offered by these savings accounts:

NRE (Non-Resident External) Savings Account

• The account holder will get Visa Signature debit card
• POS limit per day is Rs. 6,00,000 and ATM withdrawal limit per day is Rs. 2,00,000
• The account holder can make free and unlimited ATM transactions at any bank and anywhere in India
• No charges on transferring funds

NRO Savings Account

• Visa domestic debit card is provided to the account holder
• The bank offers cheque facilities for family members of the account holder to access the NRO savings account conveniently
• Funds can be repatriated up to an amount of USD 1 million every financial year for all bonafide purposes
• POS limit per day is Rs. 6,00,000 and ATM withdrawal limit per day is Rs. 2,00,000

Seafarer Account

• No minimum balance is required
• The account holder will get free Visa Signature debit card with no annual charges
• This savings account is a rupee dominated account
• The account holder will get complimentary domestic airport lounge access twice every quarter

Future FIRST Savings Account

IDFC FIRST Bank offers Future FIRST savings account to students who belong to premier or identified educational institutes of India. This is a zero balance savings account and there is no need to maintain any minimum balance in this account. The account offers below-mentioned features and benefits:

• The account holder is provided 2 free airport lounge access twice every quarter
• Personal accident cover of Rs. 35 lakh and air accident insurance of Rs. 1 crore is provided
• The account holder is provided dining deals with the debit card

Honour FIRST Defence Account

IDFC FIRST Bank has curated this Honour FIRST Defence account for the individuals serving in the Indian army, navy, air force, paramilitary, and its veterans. This savings account offers a host of benefits and features such as personal accident cover, air accident insurance, child education grant, girl child marriage cover etc. Let us discuss more features and benefits offered by this savings account.

• Personal accident insurance cover of Rs. 50,00,000 is provided in case of death or permanent disability
• 4,00,000 is provided for child education grant for 2 children maximum
• 2,00,000 is provided for the marriage of one girl child
• 10,00,000 is provided in case of death or permanent disability due to terrorist attack or Naxalite attack
• No minimum balance needs to be maintained in this savings account

IDFC FIRST Salary Booster Account

IDFC FIRST Bank offers a Salary Booster account to individuals where they can receive/avail their salary before their stipulated date. It is an emergency overdraft facility offered by the bank. The individuals need not present any kind of documentation for this facility. Individuals can easily apply for this account through their mobile. Below-mentioned are the features offered by this account:

• The bank offers overdraft at lower interest rates
• There is no need to present any documents for this account
• An individual can avail salary booster without any collateral or security deposit
• The interest needs to be paid only on the used amount

Nation FIRST Salary Account

IDFC FIRST Bank has curated this Nation FIRST Salary Account for people working in the Public sector and Central/State government departments of India. This is a zero balance savings account. The account offers host of features and benefits. Below-mentioned are the features and benefits offered by this account:

• The account holder will get a Visa Platinum debit card
• The account holder will get free and unlimited ATM access at any IDFC First Bank ATM or any other bank’s ATM
• The benefits include personal accidents cover, child education grants, girl child marriage cover, air accident insurance, etc.
• Lounge access across major airports will be provided
• The account holder will get a purchase protection of up to Rs. 1,00,000 and lost card liability of up to Rs. 8,00,000 on the debit card

Vishesh Savings Account

IDFC FIRST Bank’s Vishesh Savings Account offers a host of benefits to customers such as monthly interest credit on savings, personal accident insurance cover etc. This savings account can be opened with a minimum balance of Rs. 5,000. The account offers below-mentioned features and benefits:

• ATM withdrawal limit of Rs. 50,000 and POS limit of Rs. 1,00,000 is provided
• A RuPay Platinum debit card is provided to customers
• No charges on NEFT and RTGS facility

Pratham Savings Account (BSBDA)

IDFC First Bank has curated this Pratham Savings Account, which is called a BSBDA account that provides account holders with all basic banking facilities. This savings account is a zero balance savings account. Individuals who do not have any other savings account in IDFC First Bank or any BSBDA account with any other bank can open this account. The account offers below-mentioned features and benefits:

• A RuPay Classic debit card is provided to account holders
• ATM withdrawal limit per day is Rs. 25,000
• POS limit per day is Rs. 1,00,000
• Personal accident insurance cover of Rs. 2,00,000 is provided for free
• The account holder will get complete access to digital banking

Applicants need to present the below-mentioned documents to open a savings account in IDFC FIRST Bank:

To open a digital account:

• Aadhaar number
• PAN number

To open an account physically:

• Passport size photograph
• PAN card

Any one of the below-mentioned documents:

• Aadhaar card
• Passport
• Voter’s identity card
• Driving license
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by the National Population Register containing details of name and address

For some savings account, additional documentation may be required. Hence, along with the above-mentioned documents, applicants need to produce the below-mentioned documents for the mentioned accounts:

Name of the account	Documents required
Minor Savings Account (under guardian)	Details of IDFC FIRST Bank savings account held by the parents Passport size photograph Child’s date of birth proof
NRE/NRO/Seafarer Savings Account	Passport as an identity proof Non Resident status proof Overseas address proof PAN/Form 60 Document certification if not being met by an IDFC FIRST Bank employee, make sure your documents are certified by any one of the mentioned entities from overseas country of residence: Overseas bank/Overseas branch of India bank/Notary/Post office/Court magistrate/Judge/Indian embassy/Exchange houses
Salary Booster Account	Regular salary credit in salary account

Applicants need to fulfill the below-mentioned criteria to be eligible to open a savings account with IDFC FIRST Bank:

• Should be an Indian citizen
• Should be a resident of India
• Foreign nationals who reside in India and meet GOI criteria

It is to be noted that the eligibility criteria may vary from account to account. Hence, individuals need to provide additional documents for these savings accounts along with the above-mentioned documents:

Name of the Account	Eligibility Criteria
Senior Citizen Savings Account	Above 60 years of age
FIRST Power	Women above 18 years of age
Minor Savings Account (Under Guardian)	For children up to the age of 18 years Parents holding a savings account with IDFC FIRST Bank
FIRST Prodigy (Minor self-operated savings account)	Any citizen and resident of India above 10 years of age and below 18 years of age
NRE Savings Account/NRO Savings Account	Non Resident Indians Person of Indian origin Overseas Indian Citizen Students who are studying at overseas location Oil Rig employees working on International Offshore Projects
Seafarer Savings Account	People who are working on : International vessels Merchant navy Cruise liners Oil rigs
Future FIRST Savings Account	Graduate and postgraduate students who belong to premier/identified educational institutes of India
Honour FIRST Defence Account	Individuals serving in the Indian army, navy, air force, paramilitary, or its veterans
Salary Booster Account	Must have an IDFC FIRST Bank Corporate Salary Account with the minimum net take home salary of Rs. 20,000
Nation FIRST Salary Account	Employees working in public sector enterprises and central/state government departments of India
Vishesh Savings Account	Resident individuals Hindu undivided family

Category	Fees and Charges
Non-maintenance charges of average monthly balance	Rs. 50 – Rs. 400
Check book re-issuance	No charges
SMS alerts facility	No charges
Account closure	No charges
Issuance/renewal/replacement of debit card	Free
Photo and signature attestation	Free
International ATM/POS transaction	No charges (forex mark up 2% of the transaction value will be applicable)
Internet/phone/mobile banking	Free
Balance enquiry through branch and channels	No charges

To open an online savings account in IDFC FIRST Bank, applicants need to follow the below-mentioned steps:

Step 1: Visit IDFC FIRST Bank’s official website

Step 2: Click on “Accounts” and then tap on “Savings Account”

Step 3: You will be directed to a page where you will be asked to provide your basic details

Step 4: Provide the details as asked and choose the product that you want

Step 5: Once you provide all the details as asked by the bank, your account will be opened upon verification

Step 6: The bank will provide all the documents and a debit card once your account is opened

To open an offline savings account in IDFC FIRST Bank, the applicant will have to visit the nearest branch of the bank. The below-mentioned steps explain how to open an offline savings account in IDFC FIRST Bank:

Step 1: Upon visiting the nearest branch of the bank, fill out the savings account application form

Step 2: Mention all the basic details as asked in the form and select the type of savings account you want to open

Step 3: The bank official will ask for your self-attested PAN and Aadhaar card, provide the same to the official

Step 4: Collate all the documents and submit the documents with deposit cash slip (if it’s not a zero balance account), and other proof of identity

Step 5: Once you provide all the details, the bank will verify the details and open your account upon successful verification

The bank will provide you with a welcome kit containing all necessary details to help you operate your account.

Know More about IDFC FIRST Bank

IDFC FIRST Bank Personal Loan	IDFC FIRST Bank Fixed Deposit
IDFC FIRST Bank Balance Check	IDFC FIRST Bank Customer Care
IDFC FIRST Bank Credit Card

Q. Is it possible to open an IDFC First bank account online?
Yes, you can open your IDFC First bank account online by visiting the bank’s official website and entering basic details, such as your mobile number, email address, Permanent Account Number (PAN) and 12-digit Aadhaar card number. Enter the received OTP for Aadhaar’s verification and further add details of your occupation, mother’s name, source of income and gross annual income and further select the desired product.

Q. What is the minimum amount in the savings account at IDFC First Bank?
The minimum amount or average monthly balance to be maintained in your savings account is Rs. 10,000.

Q. What is the interest rate of a salary savings account in IDFC?
The interest rate of your salary savings account in IDFC Bank account is up to 7% p.a.

Q. What will happen if I do not receive my salary in the salary account for months in IDFC FIRST Bank?
Ans. If you do not receive your salary for months in your salary account, you can continue the account as a savings account with the necessary balance requirement.

Q. I am below 60 years of age; can I open a joint account with a senior citizen in IDFC FIRST Bank?
Ans. Even if you are below 60 years of age, you can open a joint account with a senior citizen in IDFC FIRST Bank. However, the primary applicant of the account must be of 60 years of age and above.

Q. What is the frequency of interest pay-out in IDFC FIRST Bank?
Ans.  The interest is credited to your account on a monthly basis in IDFC FIRST Bank.

Q. How can I update my contact details in IDFC FIRST Bank?
Ans. To update your contact details in IDFC FIRST Bank, you need to follow the below-mentioned steps:

Step 1: Open your mobile banking and click on manage profile

Step 2: Tap on “Change” mentioned next to the mobile number

Step 3: Add the new mobile number that needs to be updated

Step 4: Enter your debit card number, ATM PIN and click on “Confirm” to receive the OTP

Step 5: Add the OTP received for authentication

Step 6: Your request to update the mobile number is submitted and you can take down the service request number to check the status of your request

Q. Do I need to show any collateral to avail salary booster in IDFC FIRST Bank?
Ans. No. There is no requirement of collateral or security to avail salary booster on IDFC FIRST Bank.

Q. I have recently opened a savings account with IDFC FIRST Bank, how will I know my account details?
Ans. Once your account has been opened, the bank will send you your customer ID, account number, and IFSC code on your email and SMS. Your welcome kit will also be sent to you on your residential address.

Q. How can I access my IDFC FIRST Bank NRE savings account online?
Ans. You can access your IDFC FIRST Bank NRE savings account online through net banking or mobile banking.

Q. What are the charges for cancellation, revalidation or issuance of duplicate demand draft in IDFC FIRST Bank?
Ans. There are no charges on cancellation, revalidation or issuance of duplicate demand draft in IDFC FIRST Bank.

Q. Are there any charges on IMPS service in IDFC FIRST Bank?
Ans. IMPS transfer in IDFC FIRST Bank is free.

Q. Does IDFC FIRST Bank charge for UPI services?
Ans. There are no charges applicable by IDFC FIRST Bank for UPI services.