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Freedom World Current Account

Freedom World Business Current Account brings ease of Banking with the most cost-effective solution for EXIM customers. World Business Account is a unique proposition powered by superior Trade and Forex services with innovative solutions for your business.Read More

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Empower Your Enterprise with the Ultimate Current Account Solution

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ZERO Charges: Enjoy 50+ commonly used trade & forex services without fees.

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Online Trade Platform: Single platform for all your accounts, trade transactions and FX rate booking

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Customizable reports: To track, manage and prioritize your trade business transactions at your ease

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All-in-one app: A single app with 100+ features that meet both personal and business financial needs

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WhatsApp Banking: Access your accounts anywhere, anytime. Just send a 'hi' to 95555 55555 to get started

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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.

50K World Business Account by IDFC FIRST Bank

Freedom World
Current Account

Make the most of your international trade with no transaction processing charges. Our one-of-a-kind Trade Account offers many benefits such as:

ELIGIBILITY

Who can apply?

  • Self Employed Professionals
  • Hindu Undivided Family (H.U.F.)
  • Sole proprietorship
  • Partnership
  • OPC / Private / Limited Company
  • Limited Liability Partnership

Documentation

Sole proprietorship

  • 2 documents in the name of entity
  • Proprietor document (photo, PAN card copy, and 1 officially valid document [OVD] copy)
  • Nature of industry proof (in case not indicative in entity documents, please check for invoice copy, bill of entry, freight invoice, or agreement copy)

Partnership

  • Partnership deed/s
  • Partnership registration certificate (for registered partnership firm)
  • Partnership firm declaration
  • Entity PAN card number
  • Registered office address proof in the name of the entity
  • Communication address proof, if different from registered address
  • OVD copy of the partners/ authorised signatories/ beneficial owners (including latest photograph and PAN card copy)
  • List of partners with name, date of birth, and address

Read More

Schedule of Charges

  • Click here to read the Schedule of Charges

Freedom current account eligibility

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.

What is a Freedom World Business Account?

Freedom World Business Account is a type of a Current Account specially designed for Exporters, Importers, and International Service providers.

How do I open a Freedom World Business Account?

You can open an IDFC FIRST Bank Freedom World Business Account by visiting your nearest bank branch or click here to apply online.

Who can apply for a Freedom World Business 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 Limited Company

- Limited Liability Partnership

What are the documents required for opening a Freedom World Business Account?

Click here to view the complete list of documents required to open a Freedom World Business Account

Does a Freedom World Business Account earn interest?

Yes. With BRAVO feature, you can enjoy interest on Freedom World Business  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 Freedom World Business Account

What is the minimum Average Monthly Balance (AMB) required to be maintained in the IDFC FIRST Bank Freedom World Business Account?

The minimum Average Monthly Balance required for the IDFC FIRST Bank Freedom World Business Account is ₹2 Lakh.

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 opening a Freedom World Business Account?

After opening a Freedom World Business Account with IDFC FIRST Bank, you can avail of below benefits:

- Zero Charges on NEFT, RTGS, IMPS transactions

- Higher Cash Deposit Limit of up to ₹30 Lakhs

- Free Visa Signature Debit Card

- State-of-the-art Mobile Banking App & Net Banking platform

- Anywhere banking without restrictions

What do I get after opening a Freedom World Business Account?

After opening a Freedom World Business Account with IDFC FIRST Bank you will receive a Welcome Kit which includes- Welcome Letter, Code of Conduct, Cheque-book and Debit Card.

What is the free cash deposit limit in Freedom World Business Account?

You can deposit free cash deposit up to ₹30 Lakhs per month in Freedom World Business Account.

What are the fees and charges on IDFC FIRST Bank Freedom World Business 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 Freedom World Business 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 & Bitly Banking

What all Beyond Banking offer will I get with my Freedom World Business 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 Freedom World Business Account?

Below are some of the digital payment and collection solutions available with IDFC FIRST Bank Freedom World Business 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 Freedom World Business 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

More FAQs


Disclaimer

The applicable Fixed Deposit (FD) rates are notified on the Bank's official website and are subject to change from time to time. The interest rate mentioned herein is applicable as on date for the deposits having 370 days tenure. The depositors shall ascertain the FD rates on the value date of FD. In case of pre-closure of FD, applicable bucket rate as per tenure will apply. The services are being offered free in good faith. In case of abuse of services, the Bank reserve all the rights to charge fees, as applicable. T&C’s apply. All rights reserved.

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