High savings growth

• All the features of an IDFC FIRST Bank Savings Account make it easy to meet your savings goals. With a high interest rate up to 7.25% p.a., monthly interest credits, and zero charges on all Savings Account services, you save in every way when banking with us. What’s more, the revolutionary mobile banking app helps analyse and plan your finances with tools like expense tracking, cashflow analysis, and more.

Discounts and cashbacks

• Enjoy several discounts and cashback offers on your savings account debit card. From instant discounts and deals on various restaurants and brands, save big each time you spend. IDFC FIRST Bank also has one of the most rewarding loyalty program in place for you. As a FIRST Rewards member, earn points on everyday purchases and redeem them with ease on our portal through various exciting options.

User-friendly digital banking platforms

• Not only can you open a bank account online with IDFC FIRST Bank, but also bank with ease 24x7 using our intuitive Internet banking platform and mobile banking app. Seamlessly manage your savings account, initiate bank transfers, check balances, and more with our cutting-edge digital solutions. You can track spends, earn rewards, and invest in mutual funds all in just a few clicks. So, with both savings and investing, your savings bank account has got you covered. You can also make use of the cash flow analysis feature that can help you budget and plan financially in a more effective manner.

IDFC FIRST Bank – A Class Apart

• IDFC FIRST Bank has been recognized as a 'Class Apart' by a pathbreaking study conducted by Moneylife Foundation and IIT Bombay for fairness in our Savings Account service charges. This pioneering study titled 'Benchmarking Reasonableness of Service Charges by Banks in India' ranked IDFC FIRST Bank in the 'A category' for its unmatched Zero Fee Banking promise.

VISA Platinum Debit Card with ₹25K average monthly balance

• Free and unlimited ATM transactions: at any bank, anywhere in India.
• Higher daily purchase limit of ₹6 lakh and higher daily ATM withdrawal limit of ₹2 lakh.
• Complimentary domestic airport lounge access, once every quarter.
• Free Personal Accident Insurance Cover of Rs. 35 lakhs and Air Accident Insurance Cover of Rs. 1 crore

Hot Deals on Savings Accounts

10% Instant discount on Tata CLiQ

• (Expires on 30th September 2024)
• Offer day: Every Monday
• 10% Instant discount on a minimum transaction value of INR 1,750 up to a maximum discount of INR 300.

10% discount on Myntra

• (Expires on 30th September 2024)
• Offer day: Every Wednesday
• 10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 750.

12% discount on Yatra

• (Expires on 30th September 2024)
• Offer day: Every Friday
• Domestic Flights :12% instant discount up to Rs. 1,800, Minimum Purchase : Rs. 5,000
• International Flights: 11% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 20,000
• Domestic Hotels : 20% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 5,000
• Bus : 15% instant discount up to Rs. 500, Minimum Purchase : Rs. 500

Flat Rs 75 Off on Zomato

• (Expires on 31st July 2024)
• Get flat Rs. 75 off on select restaurants on orders above ₹749 on Weekends.
• Terms & Conditions
• Offer applicable only on weekend and once per user per month
• Offer applicable on minimum transaction value of Rs. 749
• Other T&Cs may apply

ELIGIBILITY

• Indian citizens
• Residents of India
• Foreign nationals residing in India and meeting GOI criteria

Documentation

• To open a savings account online:
• Aadhaar Number
• PAN number
• To open a savings account at branch:
• Passport-size photograph
• PAN Card or filled Form 60
• Any one of the following document:
- Aadhaar Card
- Passport
- Voter’s Identity Card (Election Card)
- Permanent and valid driving license with photograph
- 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

Savings Account Fees and Charges

Schedule of charges for Savings Account variants with Rs. 25,000 Average Monthly Balance (AMB) & Rs. 10,000 Average Monthly Balance

IDFC FIRST Bank offers ZERO FEE banking on ALL variants of Savings Account, including Rs. 10,000 AMB variant, Rs. 25,000 AMB variant, and all other variants. At IDFC FIRST Bank, we don’t touch your Bank account for this reason or that. You may not realise it, but over time, these add up to a lot of savings for our customers. We have no complicated descriptions and you have no complex calculations to do to calculate the fees to be paid. Because it is just ZERO. We don’t charge you, even when you are not looking. ZERO FEE Banking is peace-of-mind Banking.

Current Schedule of Charges:

Non maintenance charges for Savings Account variants with Rs. 25,000 Average Monthly Balance

Average Monthly Balance requirement is Nil for Minor Under Guardian Savings Account.

Non maintenance charges for Savings Account variants with Rs. 10,000 Average Monthly Balance.

Average Monthly Balance requirement is Nil for Minor Under Guardian Savings Account

Disclaimer: With IDFC FIRST Bank Savings Accounts, enjoy Zero Charges on all Savings Account services. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. Forex mark-up fee will be applicable on International ATM/POS/Debit card transactions. T&Cs are subject to periodic changes. All rights reserved.

Taxes at prevailing rates as per Government Rules shall be applicable over and above the mentioned charges.