IDFC FIRST Bank wins FE India’s Best Banks Award

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IDFC FIRST Bank wins FE India’s Best Banks Award for “Best Savings Account product 2019-20”

IDFC FIRST Bank has added another feather in its cap by winning 'Best Savings Account Product' at the Financial Express India's Best Bank Awards, held on August 28, 2022, in Mumbai.

Known as one of India’s most prestigious financial sector awards that recognises the contributions of the stalwarts in the banking industry, the honour was bestowed upon the Bank by the Hon'ble Union Minister for Finance and Corporate Affairs of India, Smt. Nirmala Sitharaman and was received by Mr. V. Vaidyanathan, Managing Director and Chief Executive Officer, IDFC FIRST Bank.

Over the last three years, IDFC FIRST Bank has made considerable progress in the financial services sector, with profit margins towering over its estimated credit costs. The retail deposits have grown at a three-year CAGR of 73% and are rising steadily in the running financial year of 2022-23. One of IDFC FIRST Bank’s marquee products, the Savings Account is aptly designed to cater to the needs of 21st-century Indians, helping in creating a better financial future. The account opening process is simple, quick, and hassle-free for today’s time-crunched customers who are in need of convenient and minimalistic processes to manage their finances.

The award is a testimony to the trust that thousands of customers across the country have put in the bank, even during the peak of the pandemic while the Bank went that extra mile to serve them wholeheartedly.

Of late, the Bank has added a number of new branches across the length and breadth of the country to drive the practice of customer-friendly support through teams of highly motivated representatives, always ready to serve, and products that add value and cater to the personal financial and banking needs.