What's special about us
Enjoy Zero Charges on All 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
-
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.
-
-
Presenting
Startup Current Account
You plan the launch, we’ll help with the perfect launchpad
Presenting
Startup Current Account
You plan the launch, we’ll help with the perfect launchpad
* Eligibility - Date of incorporation must be up to 3 years
-
Unlimited and Free transactions: Zero charges on IMPS/NEFT/RTGS transaction
-
Ease of collection and payment with complementary bulk upload and Virtual Account solutions
-
Start your online business with Zero set-up and Annual maintenance charges on Payment Gateway
-
Door-step banking: Free GPS-enabled door-step banking
-
Unlimited and Free transactions: Zero charges on IMPS/NEFT/RTGS transaction
-
Ease of collection and payment with complementary bulk upload and Virtual Account solutions
-
Start your online business with Zero set-up and Annual maintenance charges on Payment Gateway
-
Door-step banking: Free GPS-enabled door-step banking
Empower Your Startup with the Ultimate Current Account Solution
Free Cash Deposit: Free cash deposit up to 30 Lakhs per month.
AMB Waiver: There is no minimum average balance requirement for the current account upto initial 3 years.
Debit Card:Free Visa Business Signature card with unlimited ATM transactions
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.
Startup Current Account
First Startup
Current Account
Specialized solution for Startup Segment
- *Nil Balance maintenance requirement for initial 3 years
- Best in class Digital banking platform to monitor all accounts in single glance
- Free Cash deposit up to ₹ 30 Lakh per month
- CMS Services like Bulk payments, maker-checker & virtual Accounts with Nil charges
- Free setups & Nil AMC for Payment Gateway, UPI/QR and POS
- Preferred FX conversion rates and preferred pricing for LC/BG issuance
- Eligibility - Date of incorporation must be up to 3 years & Entity type must be Pvt. Ltd or LLP or OPC
New Business Current Account
Specialized Product for New Business
- *Nil Balance maintenance requirement for first year
- Best in class Digital banking platform to monitor all accounts in single glance
- CMS Services like Bulk payments, maker-checker with Nil charges
- Free setups & Nil AMC for Payment Gateway, UPI/QR and POS
- Free Cash deposit up to ₹6 Lakh per month
- Eligibility - Date of incorporation must be up to 3 years
ELIGIBILITY
Who can apply?
Apply for our Startup Current Account’ if you fall into the below mentioned criteria
- Date of incorporation must be up to 3 years with DPIIT Certificate.
- OPC / Private Limited Company
- Limited Liability Partnership
Documentation
Limited Liability Partnership (LLP)
- LLP agreements since inception
- Certificate of Incorporation
- LLP Firm Declaration
- Latest list of designated partners
- PAN card copy of the entity
- Address Proof in the name of the Entity
- OVD copy of the Partners / Designated Partners / Authorised Signatories / Beneficial Owners (Including Latest Photograph and Pan card copy)
Company (Public Limited & Private Limited)
- Memorandum of Association (MOA) & Articles of Association (AOA)
- Certificate of Incorporation
- Board Resolution
- Latest List of Directors
- PAN card copy
- Address Proof in the name of the Entity
- OVD copy of the Directors / Authorized Signatories / Beneficial Owners (Including Latest Photograph and Pan card copy)
Schedule of Charges
- Click here to read the Schedule of Charges
Frequently Asked Question
What is a Current Account?
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.
What is a Startup Current Account?
Startup Current Account is a type of current account specially designed to support new age startups and upcoming new businesses keeping in mind their business requirements.
How do I open Startup Current Account?
Who can apply for First Startup Current Account?
First Startup Current account is exclusively for Startups. You can apply if you fall into the below mentioned criteria:
- OPC / Private Limited Company
- Limited Liability Partnership
What are the documents required for opening First Startup Current Account?
In addition to KYC documents, DPIIT certificate is mandatory for opening First Startup Current Account. Click here to view the complete list of documents.
Does Startup Current Account earn interest?
Yes. With BRAVO feature, you can enjoy interest on Startup 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 minimum Average Monthly Balance (AMB) required to be maintained in the IDFC FIRST Bank Startup Current Accounts?
Minimum Average Monthly Balance (AMB) requirement is as per the Account variant you choose. Refer the table below:
| Name of Product | Minimum Monthly Balance Requirement |
| First Startup Current Account | Nil Balance maintenance requirement for initial 3 years thereafter Rs. 2 Lakhs per month |
| New Business Account | Nil Balance maintenance requirement for initial 1 year thereafter Rs. 50,000 per month |
What are the benefits of opening a Startup Current Account?
After opening a Startup Current Account with IDFC FIRST Bank, you can avail of below benefits:
- Cloud Credits Worth of $5000 to help manage website services
- Zero set-up and Annual maintenance charges on Payment Gateway
- Enjoy Zero charges on non-maintenance of AMB for upto 3 years
- Zero Charges on NEFT, RTGS, IMPS transactions
- State-of-the-art Mobile Banking App & Net Banking platform
- Anywhere banking without restrictions
What do I get after opening a Startup Current Account?
After opening a Startup Current Account with IDFC FIRST Bank you will receive a Welcome Kit which includes- Welcome Letter, Code of Conduct, Chequebook and Debit Card.
Can I apply for a Startup Current Account if the date of incorporation is more than 3 years?
No, Startup Current Account is exclusively for startups and new businesses whose date of incorporation is up to 3 years.
What is the free cash deposit limit in Startup Current Account?
Free Cash deposit limit is as per the Account variant you choose. Refer the table below:
Name of Product |
Cash deposit free limit |
FIRST Startup Current Account |
Rs. 30 lakhs per month |
New Business Account |
Rs. 6 lakhs per month |
What are the fees and charges on IDFC FIRST Bank Startup Current Account?
IDFC FIRST Bank has minimal and transparent fees & charges. Click here to view.
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 Startup Current Account?
Current Account can be accessed through the following digital modes:
- State-of-the-art Mobile Banking App & Net Banking platform
- 24x7 Banker on Call 1800-10-888
- Alerts through Email and SMS
- WhatsApp Banking & Bitly Banking
What all Beyond Banking offer will I get with my Startup 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, E-commerce, Logistics and Travel, and more.
Click here to view the Beyond Banking offers.
What are the digital Payment & Collection solutions available for my Startup Current Account?
Below are some of the digital payment and collection solutions available with IDFC FIRST Bank Startup Current Account:
| Payment Solutions | Collection Solutions |
| NEFT/RTGS/IMPS | UPI-QR |
| Debit Cards | POS Machine |
| E-commerce payments using Net Banking | Doorstep Banking services with live tracking facilities |
| Bill Payments | Payment Gateway |
| Bulk transaction facility on Net Banking | Virtual Accounts |
| GST/Direct Tax Payment | Collection API |
| Payment API | NACH/e-NACH |
What are the Trade & Forex solutions available with the Startup 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
