IDFC FIRST Bank Senior Citizen's Savings Account

Senior Citizens Account can be opened by any individual over 60 years.

Yes, the account can be opened. However the primary applicant needs to be 60 years or above

The minimum amount for opening your IDFC FIRST Bank Senior Citizens Savings Account is Rs. 25000. More is always welcome

There is a minimum balance requirement of Rs. 25000 for Senior Citizen’s Savings Account. Please click here to see the applicable Schedule of Charges

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!

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

Yes, once the balance in your Senior Citizen's Account exceeds Rs. 75,000, the amount in excess of Rs. 50,000 can automatically be transferred to a Fixed Deposit for tenure of 1 Year 1 Day. The funds are still available to automatically sweep in if needed.

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 6% p.a. , for balances up to Rs 1 Cr.

What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. 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.