Open a High-Interest Savings Account Online with IDFC FIRST Bank

To open an IDFC FIRST Bank Savings Account, you need the following documents:

- To open savings accounts online: Aadhaar & PAN details

- To open savings accounts at a bank branch:  

*Passport-sized photo

*PAN/Form 60

* Proof of Identity & Address like Aadhaar Card, Passport, Valid Driving License, Voter ID, etc.

IDFC FIRST Bank offers ZERO charges on all Saving Account services like IMPS, NEFT, RTGS, ATM transactions, Cheque book issuance, SMS alerts and more. Open a Savings Account in 2 minutes here.

After successfully opening your IDFC FIRST Bank Savings Account, you will get a personalized cheque book and your Debit Card.

With an IDFC FIRST Bank Savings Account, experience the joy of earning Monthly Interest Credits on your Savings Account. You earn 'interest on interest' with the power of monthly compounding. IDFC FIRST Bank is one of the only universal banks to offer this feature, against the standard practice of crediting interest on your Savings Account every quarter.

Monthly compounding interest payout is better for you than Quarterly interest payout because when you get interest credit in Month 1, the interest for Month 2 is paid on your opening balance + interest received in Month 1 and so on. So, you earn more on your savings! 

Can you afford to not have an IDFC FIRST Bank Savings Account? Open a Savings Account in just a few simple steps here.

With IDFC FIRST Bank Savings Account you pay ZERO charges on all Savings Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more.

You can know more about services offered at Zero Charges here: https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/fees-and-charges.

Open an IDFC FIRST Bank Savings Account here.

*T&C Apply

With IDFC FIRST Bank Savings Account, non-home branch transactions are offered at ZERO Charges.

The Average Monthly Balance (AMB) you need to maintain in your IDFC FIRST Bank Savings Account would depend on the account variant you have opted for.

Average Monthly Balance in an account is calculated by dividing the sum of each day’s balance in the Account and the number of days in the particular month.
 

Yes, there are nominal charges levied for not maintaining Average Monthly Balance on your Savings Account. Click here to know more about the applicable non-maintenance charges on your Savings Account

You can add funds to your Savings Account by one of the following ways:

- Via any other bank’s NetBanking/Mobile app. Simply add your IDFC FIRST Bank account details – Account number and IFSC code

- Through our Mobile app by clicking on the “Add funds” option which lets you transfer money from your other bank accounts

- Depositing a cheque/cash at any of our branches

- Depositing a cheque (in drop box)/cash at select IDFC first bank ATM

- Using any UPI app using your UPI ID

We offer multiple methods to track your IDFC FIRST Bank Savings Account. Here are a few ways you can do it:

- NetBanking

- Mobile App

- WhatsApp Banking

- Monthly Account statements sent to your registered email ID

Yes, you can add one nominee to your Savings Account.

You can add a nominee to your Savings Account in one of the following ways:

- At the time of opening your Account

- Via NetBanking and our Mobile App

- By visiting your nearest IDFC FIRST Bank branch

Yes, you can open an IDFC FIRST Bank Savings Account in joint mode of operation by visiting your nearest branch.

The Debit Card you get on opening an IDFC FIRST Bank Savings Account depends on the account variant you've opted for. You can view the benefits offered with each card variant here.

A savings account is designed primarily for individuals to save money and earn interest on their deposits. It offers features like interest earnings, limited transactions, and is suitable for personal savings. In contrast, a current account is tailored for businesses or individuals who require frequent transactions. It typically does not offer interest and provides features like overdraft facilities and unlimited transactions to support daily business operations.

To open a standard savings account with IDFC FIRST Bank, the applicant must be at least 18 years old. However, the bank also offers minor savings accounts for individuals below 18, which can be operated by a guardian or, in certain cases, self-operated by the minor. 

Yes, minors can open a savings account with IDFC FIRST Bank. The bank offers two types of minor savings accounts:

• • Guardian-Operated Account: Managed by a parent or guardian on behalf of the minor.
• • Self-Operated Account: Designed for minors who wish to operate the account themselves, known as the FIRST Prodigy Savings Account.

Yes, IDFC FIRST Bank allows customers to set up automatic payments or standing instructions from their savings accounts. This feature enables you to schedule regular payments, such as utility bills or loan EMIs, ensuring timely transactions without manual intervention.

Opening a savings account online with IDFC FIRST Bank offers several benefits:

• • High Interest Rates: IDFC FIRST Bank offers among the highest interest rates on Savings Account, up to 7.25% per annum, based on the account balance maintained.
• • Convenience: Complete the account opening process from the comfort of your home without visiting a branch.
• • Quick processing: The digital application process is streamlined for swift account activation.
• • Access to digital banking: Immediate access to internet and mobile banking platforms for seamless transactions.
• • Zero-fee banking: Enjoy zero charges on all savings account services like IMPS, NEFT, RTGS, SMS alerts, debit card issuance, and many more.
• • Monthly interest credits: Benefit from monthly interest payouts, enhancing your savings growth.

IDFC FIRST Bank offers zero-fee banking on all variants of its savings accounts. This means there are no charges for services such as IMPS, NEFT, RTGS, SMS alerts, debit card issuance, demand drafts, interest certificates, and ATM transactions. This approach ensures transparency and helps customers save on banking fees.

To maximise the benefits of your IDFC FIRST Bank savings account:

• • Maintain higher balances: Balances above ₹5 lakh earn higher interest rates, up to 7.25% per annum.
• • Utilize digital banking: Leverage the bank's mobile and internet banking platforms for efficient fund transfers, bill payments, and other services.
• • Set up automatic transfers: Automate recurring payments and transfers to ensure timely transactions and avoid penalties.
• • Monitor account regularly: Keep track of your transactions and balances to manage your finances effectively.
• • Stay informed about offers: Regularly check for any promotional offers or new services that can add value to your banking experience.

To update personal information in your IDFC FIRST Bank savings account:

• • Online: Log in to the internet banking portal or mobile app, navigate to the profile or settings section, and update your details as required.
• • Offline: Visit the nearest IDFC FIRST Bank branch with valid identification and address proof documents. The bank staff will assist you in updating your information.

It's advisable to keep your contact information up to date to receive timely notifications and updates from the bank.

IDFC FIRST Bank offers multiple channels for customer support:

• • Phone: Call the customer care hotline at 1800 10 888.
• • Branch Visit: Visit any IDFC FIRST Bank branch for in-person assistance.
• • Online Help Centre: Access the Help Centre on the bank's website for FAQs, blogs and support topics.
• • Message: Message ‘Hi’ on WhatsApp on 9555 555 555.

Ensure your account details and identification are handy for verification purposes when seeking support.