IDFC FIRST Bank Senior Citizen's Savings Account

Your golden years should shine the brightest.

Free Doorstep Banking
Preferential rates on fixed and recurring deposits
Preferential treatment at the bank.

Senior Citizen's Savings Account With Signature Debit Card

  • Free ATM Transactions at any bank and on any network
  • Transfer your funds any number of times for free
  • A free Visa debit card with every account valid for life
  • Minimal and transparent charges



Senior Citizen's 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 <= 1 Cr


  • You must be at least 60 years of age


  • Submit a generic proof of identity and proof of address such as:
  • Aadhaar card
  • Passport
  • Voter’s Identity Card (Election Card)
  • Submit a generic proof of identity and proof of address such as:
  • Aadhaar card
  • Passport
  • Voter’s Identity Card (Election Card)
  • Permanent Driving License which is valid with the photograph affixed
  • Job card issued by NREGA duly signed by an officer of the state government
  • A passport-size photograph is needed too.

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 eligibility criterion for opening Senior Citizens Account?

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

Can a person below the age of 60 years open a joint account with a senior citizen?

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

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

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

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

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

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 is the frequency of interest pay-out?

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

Will there be an option to transfer excess funds available in Senior Citizens Account to Fixed Deposit and earn higher rate of interest?

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.

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,

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email -

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com


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