IDFC FIRST Bank Savings Accounts

Settle for more, always. With IDFC FIRST Bank, enjoy up to 7% interest per annum on your savings account!

Up to 7% interest on Savings Account
Free multiple transfer of funds
Free Visa Debit card
Minimal Charges

Savings Account with Signature Debit Card

  • Get ₹ 250 cash back every month on movies, plays or events on BookMyShow
  • Personal accident insurance – Free cover (death or permanent disability) of ₹ 35 lakhs
  • Free airport lounge access in major cities, twice every quarter
  • Free ATM Transactions at any bank and on any network
  • A free Visa debit card with every account valid for life
  • Minimal and transparent charges



Savings Account with Classic Debit Card

  • Unlimited free fund transfer
  • Free Visa Classic Debit Card for life
  • Minimal & Transparent Charges



Interest rates like never before on your savings account

Balance in ₹
Rate of Interest (% p.a.)
<=1 Lac
>1 Lac <=10 Crs
>10 Crs <= 50 Crs
> 50 Crs <= 100 Crs
>100 Crs

Are you eligible?

  • You should be a resident of India.
  • PIO or OCI residing in India may also open an account with us. Kindly get in touch with BOC or our branches for further assistance.
  • You should be an Indian citizen.
  • You must reside in India.
  • Foreign nationals residing in India should meet criteria laid by GoI.
  • Your average monthly balance must be Rs 25,000 to avoid charges.
  • In case your balance falls below Rs 25,000, charges will be applicable on transactions like issue of new cheque book, DD payable at branch locations, replacing debit card, ATM transaction beyond free limit etc.

Know more


  • Passport-size photograph
  • Aadhaar card
  • Passport
  • Voter’s Identity Card (Election Card)
  • Passport-size photograph
  • 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.
  • If you have a PAN card, it is mandatory to provide it when opening your account.
  • Note that your PAN card proves who you are (identity) but does not carry your address. With your PAN card, you can book deposits greater than Rs 50000, buy and sell mutual funds and shares, and do a lot more. Your PAN assures us that your transactions are income-tax compliant.

Know more

Fees & Charges Check the fees & charges applicable
for different types of accounts
Contact Us Need to get in touch with us,
check the various modes of connecting with us

Frequently Asked Questions

What is the frequency of interest pay-out?

Interest earned on your Savings Account balance shall be credited to your account on a quarterly basis.

What is the initial pay in amount required for opening your IDFC FIRST Bank Savings Account?

A minimum amount of Rs. 25,000 is required for opening your IDFC FIRST Bank Savings Account. We will be very happy if you want to open your account with a higher amount!

What is the minimum account balance required to be maintained monthly in the IDFC FIRST Bank Savings Account?

Average Monthly Balance (AMB) required for this Savings Account is Rs. 25000. Please click here to see the applicable Schedule of Charges

How is the average monthly balance (AMB) calculated?

Every day, from the 1st to the end of the month, we take the balance in your account at the end of the day. We total them all up, and divide by the number of the days in the month. That's it!

What are the charges levied for non-maintenance of average monthly balance (AMB)?

Click here to know more about the applicable non-maintained charges on your Savings Account

What are the modes through which one can track IDFC First Bank Savings Account?

You can track your IDFC First Bank Savings Account through the following modes: Monthly email statements sent to registered email ID internet banking through regular updates of your passbook (if you still use passbooks!)

Know more about IDFC FIRST Bank Savings Account Interest Rates

IDFC FIRST Bank's Savings Account is our testament to putting our customers first. We offer one of the industry’s best savings account interest rates at 7% p.a. for Rs 1 lac+ balance, starting at an assured interest rate of 6% p.a.

What's more, you earn this interest on your entire balance, starting from the first rupee. That means you earn every single day. We pay out this interest every 3 months.

Hurry and make the most of this unique opportunity. Click here to know more.

Please note that interest rates are subject to periodic change.



Contact us



KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,

Corporate office:


Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,


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