What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Banking solutions that keep
your business first. Always!
Best-in-class Current Account for business needs
Banking solutions that keep your business first. Always!
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Best-in-class Netbanking and Mobile Banking Platform
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Bank from anywhere, across any branch, without extra charge
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Suite of payment and collection solutions to optimize cash flows
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Doorstep Banking Service- Free document & cheque pickup
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Best-in-class Netbanking and Mobile Banking Platform
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Bank from anywhere, across any branch, without extra charge
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Suite of payment and collection solutions to optimize cash flows
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Doorstep Banking Service- Free document & cheque pickup
Strengthen and grow your business with an IDFC FIRST Bank Current Account.
Taking the right decisions is crucial for the success of your business. Choosing IDFC FIRST Bank’s Current Account is one of them. Among the best current accounts for businesses in India, it’s the first step towards attaining the business growth you’ve always dreamed of.Read More
With an IDFC FIRST Bank Current Account, you gain access to multiple features and benefits. Take advantage of an integrated Internet and Mobile Banking Platform with attractive features, such as Trade Forex Solutions, GPS-enabled Doorstep Banking, Payment and Receivable Solutions, and much more, all at your behest. We are also transparent about our Current Account fees & charges. No surprises, no shocks!
So, go ahead and open a Current Account online to secure your business growth with IDFC FIRST Bank.Read Less
Empower Your Enterprise with the Ultimate Current Account Solution
Anywhere Banking: No add-on charges on transactions at any non-home branch. So, every IDFC FIRST Bank branch is your home branch
Cash Management Solutions: Benefit from a suite of payment and collection solutions to optimize your cash flows
Debit Card: Free Visa Business Debit card with exclusive benefits
All-in-one app: A single app with 100+ features that meet both personal and business financial needs
WhatsApp Banking: Access your accounts anywhere, anytime. Just send a 'hi' to 95555 55555 to get started
Beyond Banking Services: We offer 100+ Beyond Banking offerings to suit your enterprise's needs, including ERP, HRMS, Payroll, Taxation, Legal, Cloud Services, CoWorking Spaces, etc.
Platinum Current Account
Exclusively tailored benefits for strong businesses that are set to grow
- Zero charges on all commonly used Current Account services*
- Auto Sweep facility – BRAVO exclusively for Platinum customers
- Free Cash deposit limit of 15 times of current month AMB
- Free Signature Debit Card with lounge access
- Complementary insurance with the debit card
- Free NEFT, RTGS, IMPS transactions*
- Daily ATM limit of ₹2 Lakh & Purchase limit of ₹4 Lakhs
- Preferential Trade & Forex pricing
- Leverage our Payment and Collection solutions to optimize your business
*on maintenance of average monthly balance of ₹2,00,000
Gold Current
Account
Discover the amazing perks of our Gold Current Account
- Zero charges on all commonly used Current Account services*
- Free Cash deposit limit of 12 times of current month AMB
- Free Visa Platinum Debit Card with lounge access
- Complementary insurance with the debit card
- Free NEFT, RTGS, IMPS transactions*
- Daily ATM limit of ₹1 Lakh & Purchase limit of ₹2 Lakhs
- Preferential Trade & Forex pricing
- Leverage our Payment and Collection solutions to optimize your business
*on maintenance of average monthly balance of ₹50,000
Silver Current
Account
Elevate your business with our Silver Current Account proposition
- High Cash deposit limit of 10 times of current month AMB (max ₹10 Lakhs)
- Free Visa Platinum Debit Card with lounge access
- Complementary insurance with the debit card
- Free NEFT and RTGS transactions
- All transactions free on IDFC FIRST Bank ATM
- Daily ATM limit of ₹1 Lakh & Purchase limit of ₹2 Lakhs
- Free anywhere cheque collection
- Leverage our Payment and Collection solutions to optimize your business
Minimum average monthly balance ₹10,000
Eligibility
Who can apply?
Anybody who meets any of the following requirements can apply:
- Self Employed Professionals
- Hindu Undivided Family (H.U.F.)
- Sole proprietorship
- Partnership
- OPC / Private / Public Limited Company.
- Limited Liability Partnership
Documentation
Sole proprietorship
- 2 documents in the name of Entity
- Address proof in the name of entity
- Proprietor Document – (Photo, PAN copy and 1 OVD document copy)
- Nature of Industry proof (In case not indicative in Entity documents, please check for Invoice Copy, Bill of Entry, Freight Invoice, Agreement Copy)
Partnership
- Partnership Deeds
- Partnership Firm Declaration
- Entity PAN card copy
- Address Proof in the name of the Entity
- OVD copy of the Partners / Authorised Signatories / Beneficial Owners (Including Latest Photograph and PAN card copy)
FEES & CHARGES
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is a Current Account?
A Current Account is an account that is used by business enterprises or self-employed professionals to carry out business-related transactions. It allows businesses to carry out a higher number of transactions daily.
Who can apply for a Current Account?
Anyone who meets any of the following requirements can apply:
- Self Employed Professionals
- Hindu Undivided Family (H.U.F.)
- Sole Proprietorship
- Partnership
- OPC / Private & Public Limited Company
- Limited Liability Partnership
How do I open a Current Account?
You can open an IDFC FIRST Bank Current Account by visiting your nearest bank branch or click here to apply online.
What are the documents required for opening a Current Account?
The documents required to open a Current Account are based on your constitution type. Click here to view the list of documents.
Do IDFC FIRST Bank Current Accounts earn interest?
Yes. with BRAVO feature, you can enjoy interest on your Platinum Current Account. BRAVO feature allows you to set up an Auto Sweep into FD limit, with no penalty on premature FD breakage. Click here to know more about the ‘BRAVO’ feature for Current Account
What is the minimum Average Monthly Balance (AMB) required to be maintained in the IDFC FIRST Bank Current Account?
Minimum Average Monthly Balance (AMB) requirement is as per the Account variant you choose. Refer the table below:
Name of the Product |
Minimum Monthly Balance Requirement |
Platinum |
₹ 2,00,000 |
Gold |
₹ 50,000 |
Silver |
₹ 10,000 |
What is an Average Monthly Balance?
The average monthly balance is calculated by taking the average of end of the day/ daily closing balances in your Current Account, in a given month. E.g., For a 31-day month, the average is calculated by adding the closing day balances for all the days in the month and dividing it by 31.
What are the benefits of having an IDFC FIRST Bank Current Account?
After opening a Current Account with IDFC FIRST Bank, you can avail of below benefits:
- State-of-the-art Mobile Banking App & Net Banking platform
- Bank from anywhere, across any branch, at ZERO charges
- Seamless POS, QR & Payment Gateway facility
- Doorstep Banking Service - Free document & cheque pickup
What are the fees and charges on IDFC FIRST Bank Current Account?
IDFC FIRST Bank has minimal and transparent fees & charges. Click here to view.
Are all services offered free of charge in the Gold and Platinum Variant?
All current account services (except cash deposit) are offered free of charge to the customer provided they maintain the required balance.
Name of the Product |
Criteria |
Platinum |
AMB: >=2,00,000 - CA services are FREE, AMB: 50K- 2 Lakh - Rs. 1000; AMB: < 50K - Rs. 1000 + Standard charges applicable |
Gold |
AMB: >=50,000 - CA services are free, |
What is the free cash deposit limit for the Current Account variants?
Free Cash deposit limit is as per the Account variant you choose. Refer the table below:
Name of the Product |
Free Cash Deposit Limit |
Platinum |
15 times of current month AMB |
Gold |
12 times of current month AMB |
Silver |
10 times of current month AMB (Max. 10 Lakhs) |
Can I deposit or withdraw cash in any IDFC FIRST Bank branch?
Yes, every Branch is a Home Branch with IDFC FIRST Bank which means you can get banking service like cash deposits or withdrawals at any IDFC FIRST Bank branch in the country. These services are provided without any additional charges.
What are the digital modes through which I can access IDFC FIRST Bank Current Account?
Current Account can be accessed through the following digital modes:
- Internet Banking & Mobile Banking
- 24x7 Banker on Call 1800-10-888
- Alerts through Email and SMS
- WhatsApp Banking
What all Beyond Banking offer will I get with my Current Account?
IDFC FIRST Bank Beyond Banking offers premium banking services with 100+ partners. You can benefit from 150+ offers across ERP &Accounting, HRMS Solutions, Legal, Logistics, Travel & more.
Click here to view the Beyond Banking offers.
What is the digital Payment & Collection solutions available for my Current Account?
Below are some of the digital payment and collection solutions available with IDFC FIRST Bank Current Account:
What are the Trade & Forex solutions available with the Current Account?
Below are the Trade & Forex solutions available to facilitate your international business requirements:
- Letter of Credit
- Bank Guarantee
- Document Collection
- Inward & Outward Remittance
- Hedging and Currency Protection
- FDI/ ODI/ ECB
- Escrow Services
Whatsapp Banking
Through WhatsApp Banking, you can interact with us just like you would with any of our representative
Numbers to connect: 95555 55555
Current Account Blogs
FEATURED
All you need to know about current account
Current accounts can help in managing the finances for your business. Read the following article to learn more about current accounts.
Team FinFIRST19 Oct 2023 • 3 mins read
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Difference Between Current and Savings Account
15 Dec 2023 • 3 mins read
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Traditional vs zero balance current account for Start-ups
17 Aug 2023 • 3 mins read
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Business benefits of a Start-up current account
14 Aug 2023 • 3 mins read
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IDFC FIRST Bank’s ‘BOOSTER’ Current Account: A game changer for MSMEs
01 Jul 2023 • 3 mins read
